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Perry Funding Equipment Financing Program TF

For Established Businesses Which Cannot Obtain Typical Bank Financing

This Is A Lease With 10% End of Term Purchase Option

This is a C- credit program for established businesses with annual revenue of at least $350,000. Cash out of pocket will be a minimum of 10-15% of the equipment price. Sometimes we will require other free and clear equipment to be pledged as additional collateral in order to approve your deal.

General Guidelines

General Guidelines:
  • 1. Nearly any type of essential equipment used in a business including Manufacturing, Medical, Construction and Agricultural, 2nd and 3rd Location Restaurants, Health Clubs, Franchises, and many other types of equipment.

  • 2. Maximum funding amount is $200,000. As a minimum, we will consider $10,000, but prefer nothing less than $20,000.

  • 3. Cash normally required out of pocket prior to funding will be: a 10%-15% security deposit, a processing fee of $295, and a doc prep fee of $450. There may be a site inspection fee of $200 if buying from private seller or if using additional collateral to secure the deal. At the end of the lease, you can use the security deposit as your 10% purchase option buy-out.

  • 4. We can fund multiple pieces of equipment from multiple vendors in one transaction in this program.

  • 5. 12-48 months financing for $100,000+ or 12-36 months financing for less than $100,000.

  • 6. This is a lease with a 10% purchase option at end of the term.

  • 7. Used Equipment OK Ė No age restrictions. Private Party Sales OK.

  • 8. Past Bankruptcies OK ĖTax Liens OK-We DO NOT consider credit scores. A score of 400-500 is fine.

  • 9. You will have a phone interview with a credit officer and will have the chance to explain your Unique Strengths to explain why we should approve your application.

  • 10. We look at the big picture and find creative ways to approve your application. Applications are approved based on common sense and the customerís ability to pay.

  • 11. This is not an App Only program. We require personal financial statements, last yearís personal and business tax returns and interim statements including balance sheet and income statement. Expect average time to approval and funding to be 7-10 days.

  • 12. What We Really Like To Approve: A company with $1 Million + Revenue for Essential Equipment such as Construction, Medical, Manufacturing, 2nd and 3rd Location Restaurants, Health Clubs, Franchises.

  • 13. What We Could Be Possibly Talked Into: A company with $350K+ Revenue for Long Haul/Over the Road Trucking, Single Location Restaurants, Health Clubs, Retail, Sale-Leasebacks, Logging, Salons or a Start-Up Business with very heavy collateral.

  • 14. Donít Even Think About: One Man Shops with No Employees or kiosks in malls.

  • 15. Yes, We Can Often Make Your Dreams Come True and Help You Expand Your Business. Check It Out with One of Our Funding Agents. Give Us a Call to Discuss Your Situation.

  • 16.
    Have more questions? Give us a call now! 301-791-0707

To get the ball rolling we need the following: A completed and signed credit application, past 6 months bank statements, all pages, all accounts, all banks, an invoice and specs from the vendor or dealer, a scanned, color copy of your driverís license and an asset list of all equipment you already loan. See fillable Asset List as a drop down on our website.

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