The table below represents the kind of requirements traditionaly looked for by most private equipment lease lenders.
As of 2009 Restaurant equipment leasing has been funded to a lower levels then previously seen, funding has tightened up considerably. Only those meeting very high qualification standards can be expected an approval.
Due to the prevailing conditions, most owners looking to purchase equipment over time might consider either, a bank loan, or credit card to purchase the equipment.
Feel free to call our commercial sales department to ask about your options for purchase. Call 1 (855) 380 6185 Toll Free 8.30am - 6.00pm PST Mon thru Fri. or email us
$5,000 to 50,000
$50,001 to $100,000
Two+ years in business under current ownership
Clean partial Dun & Bradstreet
Clean credit bureau report on all owners
If transaction does not credit score, bank and trade references are needed and require:
Medium four to low five
figure average checking dating two+ years with no NSF's or OD's.
Three clean major trade
Four+ years in business under current ownership
Clean credit bureau report on all owners
Clean Dun & Bradstreet
Low five figure average checking dating two + years with no NSF's or OD's
Comparable credit with a loan or lease
Three clean major trade references dating two+ years
Personal guarantees of all owners will be required unless company exhibits they are unnecessary
