You can receive fast cash for any purpose by using the equity
from almost any existing business asset such as office equipment, computers, software,
machinery, etc. Your equipment is purchased from you and you are paid cash. Your
equipment is simultaneously leased back to you without ever leaving your possession.
It is your option to purchase it back at the end of the lease term for $1.00.
| TYPE OF PRODUCT: |
Lease secured by existing new or used business assets |
| LENGTH OF TIME IN BUSINESS: |
Two Years Minimum – In good standing |
| CREDIT REQUIREMENTS: |
Personal credit score of 575 – No major derogatory items |
| DOCUMENTATION: |
Usually no income verification up to $75000
Amounts over $75000 require financial statements & tax returns |
| PROCESSING: |
Within 3-7 business days |
| FUNDING: |
Within 7-10 business days after approval |
| FUNDING RANGE: |
$10,000.00 to $2,000,000.00 |
| RATE & TERM: |
Competitive rates structured as a lease transaction. 36 to 60 months
Terms. First and last month payments only required in most cases |
| PERSONAL GUARANTEE: |
Required |
| MAJOR TAX BENEFITS: |
A monthly lease payment usually becomes a direct business expense creating
a write-off which reduces taxable income on equipment by up to 37% depending on
your state’s laws (check with your tax advisor). |
Loan amounts will vary based upon industry
type, equipment type and value. Equipment must be owned outright with no existing
liens or leases. New or used equipment is acceptable.
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