Approval & Underwriting Guidelines
Below are some general guidelines necessary to qualify for our various leasing programs.
Non-Credit Scored Programs (Established Businesses)
- Application Only $5,000 - $100,000
- Minimum 2 Years in Business*
- Strong Personal Credit
- Good Average Bank Balances (No NSF/ODs)
- Satisfactory Trade Credit Ratings
- Personal Guarantees Usually Required
Non-Credit Scored Program (New Businesses)
- Maximum Lease $25,000
- Excellent Personal Credit
- Good Average Bank Balances (No NSF/ODs)
- 3 Current Business Trade References
- Personal Guarantees Required
- Financial Package Required
- Resumes of Owners or Officers of Business Required
Credit Scored Programs (Established Business)
- Application Only $1,000 - $50,000
- Minimum Credit Scores Starting at 600 FICO
- Minimum 2 Years in Business*
- Maximum Single Lease is $250,000
- Maximum Lessee Exposure is $500,000
- Personal Guarantees Usually Required
*Certain industries may require more than 2 years in business. Restaurants and retail food services, construction trades and contractors, and non-profits all require additional time in business. Other limitations may also apply to these industries, please contact us for additional details.