Finance and Lease Industrial and Safety Machinery and Equipment ...

Finance and lease industrial and safety programs are still available for new and used machinery and equipment, however leasing and financing volume for the first part of 2010, was basically flat for most United States Industries.

Even though we are going through tough credit times, industrial and safety machinery and equipment financing and leasing is still available for the good credit applicant and also for the not so good applicant. We are going to discuss the available industrial and safety finance and lease programs in general to give you an idea that money is still available for start up and seasoned businesses.

First we are going to start with the applicant with great credit. That would be an applicant with 680 or higher credit and time in business that exceeds three years. The applicant should not have any prior bankruptcies and should have low debt ratios. This applicant can qualify up to $50,000 to $75,000 application only programs. Additionally, this gives the good credit applicant a good opportunity to acquire a great lending rate. If the applicant seeks more than $50,000 to $75,000, they will have to provide more documentation to qualify. This would include two years prior years business and personal income tax returns and the summary page of your last three months business bank statements.( high average bank balances are looked at favorable)? A personal financial statement might be required as well as interim financial statements. A copy of the invoice detailing the safety and industrial acquisition would be required as well..

Applicants with personal credit scores between 650 and higher still have a good opportunity to acquire their desired acquisition. They should have a minimum of three years in business without prior bankruptcies. Low debt to income ratios are also looked at favorable. Additionally, some lenders still might offer application only programs and anything beyond the minimum application only levels would require the same documentation as above.

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Rick Reed -
About the Author:

Rick has over thiry years in the financial field, including?financing,?leasing, working capital and hard asset money loans, and commercial lending.

U.S Corporate Capital Leasing assists the start up and seasoned business for all its industrial and safety equipment and machinery financing needs.

http://www.cclgequipmentleasing.com/lease_equipment.htm

http://www.cclgequipmentleasing.com

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Source: http://startingovertalk.com/blog/2011/09/01/finance-and-lease-industrial-and-safety-machinery-and-equipment-new-and-used-leasing-and-financing-programs-update-part1/

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