The Equipment Leasing Experts
-- Our 35th Year!
Equipment Leasing
For
Equipment, Vehicles or Software
Costing $50,000
to $5 Million
True ● Off Balance
Sheet ● Capital ● Operating
●
TRAC
First
Capital's Commercial Equipment Leasing program can
be utilized for equipment costing from
$50,000 to $5 million or more!
First Capital Will
provide:
A
detailed Commercial Lease Proposal
Agreement. 
This will detail the approval we
anticipate being able to obtain for your company and requests a small
good faith
deposit.
EASY Documentation for a Commercial Lease:
 |
Standard One Page QuickLease™ Credit Application and brief writeup. |
|
2 Years of financial statements*--audit or review level (only) OR business tax returns |
AND
|
Interim financial statements* (internally prepared to within 90 days) |
|
Commercial Lease Business & Equipment Profile--This brief form will provide our credit analysts with an overview of the applicant's business methodology, markets, the equipment and its anticipated effect of the operations of the business and its finances. |
|
For closely held companies: Personal information on the principals
(all owners) will be required, including:
Personal Financial Statements (signed and current to within 90 days) and
signed copies of each owner's most recent 2 years of personal tax returns. |
Basic Commercial Lease Credit Guidelines (Many, many factors are considered)
| Recent Profitability. Business should be reporting profits for the last 3 years. Neutral or positive trends. |
|
Positive Retained Earnings. |
|
Tangible Net Worth: 1.5 x lease request |
|
Low Leverage |
|
Working Capital 1.1:1 or greater. |
|
Adequate cash flow coverage for existing operations AND to service new lease obligation. Cash Flow Coverage 1.25 or greater |
|
Comparable debt and/or borrowing references. |
|
Solid bank references. |
|
Satisfactory D&B rating. Demonstrating a history of meeting trade obligations within agreed-to terms. |
|
Satisfactory explanation of all credit inquires made and/or new debt acquired within the last 6-12 months. |
|
No unsatisfied tax
obligations. Full explanations of pending tax or legal matters |
Notes:
|
NO DOWN PAYMENT, NO POINTS & NO CLOSING COSTS. Only one (or two) monthly payments and a $350 documentation fee due at closing. |
| No business plans or projections required. |
|
Tailor this lease to your exact needs with First Capital's Cash Flow Friendly Options (take a look!) |
|
|
Get Prompt, Written
|
|
Any Configuration, Any Amount |
|
|
|
| Call Us 800-541-0114 | |
|
Contact Us Via Email |
Questions: Ask Us |
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