collateral asset loans, equipment sale leaseback finance, equipment re-finance, business loans, equipment refinancing, equipment sale lease-back, working capital loans, business equipment sale lease-back loan, leasing, leaseback business financing
Equipment
Equity Loans
Available
Nationwide, only in the contiguous USA . (Since
1992)
Hard Assets/Heavy Equipment Sale-Leaseback:
Option “B Overview of the Sale Leaseback Program
The
minimum loan amount
of a sale-leaseback transaction is $50,000
The maximum funding amount is $50 Million.
Credit
Scores of
applicant:
ideal credit
scores should be about 660, the lowest about 600 or
above. The acceptability of
a low score will be influenced by the time the applicant has owned
their
business, the financial strength of the applicant, the equipment, and the amount
of approved
equipment involved. Owners of desirable heavy equipment collateral,
may permit the applicant to
have a lower personal credit score, and their credit
score may not be as critical in the decision
to approve the applicant. However,
the overall financial strength of the applicant is an important
ingredient.
Bankruptcy
and Liens:
May be acceptable after three years, if there have been no credit derogatory
since that incident,
and financial status is strong and with acceptable equipment.
Applicant
is to have owned:
their business one
year or longer, in some cases twelve, or eighteen
months, or more. Less than two
years requires appropriate equipment and strong financials. It may
be
possible to cross- collateralize the equipment for the lessee, to help secure
the transaction.
No start-up business.
Equipment
collateral:
The minimum acceptable dollar amount of an individual piece of equipment, that
is submitted
as collateral must have an original purchase price of a minimum of
$10,000.00 for traditional
equipment, and for heavy equipment the minimum is
$15,000.00
No appraisal cost:
provided the Auction Value can be determined off the Internet.
No upfront fees or costs:
as long as the Auction Value can be determined off the Internet.
The minimum acceptable dollar amount of an individual piece of equipment,
that
is submitted as
collateral must have an original purchase price of a minimum of
$10,000.00 for traditional equipment,
and for heavy equipment the minimum is $15,000.00
Equipment
Leases:
typically 50% to
70% of the auction value, which is determined by the investors.
Interest Rates: typically will be about 15% +/-, depending on credit strength and type of equipment.
Lease
Terms:
are 48 months
and 60 months. Transactions over $500,000 are 72 months and 84 months.
Equipment:
Most all (Non-Hazardous/Occupation) equipment is acceptable, (No Home Based
Businesses).
The acceptability of approved equipment will be influenced by time
in business and the overall financial
strength of the applicant. The equipment
must have a VIN# or a serial number. Hard assets/heavy
equipment refinancing
does much better in today market. This program is asset-based and strong
financials are not always necessary when the equipment is hard assets/heavy
equipment.
Overview
of Procedures:
Step
1
Applicant
is to complete
the Business Application, and the List of Equipment forms. Upon Allbex
receipt
the two forms, underwriting will commence the process for a preliminary credit
decision.
Note, the Application and List of Equipment must be legible and
without missing information,
anything less then the information requested may
cause the process to terminate. Find the two
forms in the attachment. Fax to my
Attention at our Internet fax number: 415-946-3307.
A short
time after Allbex receives the application and the equipment list(s)
from the applicant, they will
be notified of their approval to proceed to an
anticipated funding, or their application will be declined.
Step 2
Assuming
the application and list of equipment are acceptable and preliminary approved,
the following information will be required to commence with final approval
and
subsequent funding.
1) Two years most current business
tax returns signed by applicant.
2) Most current personal tax return of the owners signed by applicant
3) Current business financial statement
4) Three months most current business bank statements, first consolidated page is sufficient.
5) Personal-financial-statement of the owners
6)
Compile all papers requested for the "C" Program above, before sending
Equipment Sale Leaseback
Option
"B"
Need Working Capital?....
Equipment
Sale Leaseback Provides Working Capital
INQUIRY FORM (An application and information will be e-mailed
to you within a few hours of our receipt)
_____________________________________________________________________________________________________________
*
Applicant
name:
*
Name of
company:
* E-Mail:
*
Business phone:
*
Business fax:
Cell
number:
* What type of financing are you interested in:
Loan
request amount, (approximately)
Estimated of your equipment / other assets, current
market value:
Project Funding:
Comments / Questions:
PRIVACY STATEMENTS: Allbex Financial does not rent or sell the personal or company
information that you provide. To better protect your privacy we
provide this notice. To make it easy to find, we make it available on our
homepage
and at every point where information may be requested. Allbex does not
share this information with outside parties except to the extent necessary to
complete your request for more information about financial products you may
be interested
in. DISCLAIMERS /DISCLOSURE: Allbex Financial does not offer or give advice on any business or
personal tax, or legal
questions, or issues. Allbex does not engage in business consultancy. If an
applicant has questions on any tax or financial
matters, the
applicant is strongly encouraged to consult with their\ CPA, or tax attorney.
Allbex Financial reserves the right to modify or delete any
financial product offering at anytime without notice. Nothing herein or in
the information
above shall be construed as advice. Allbex
Financial only accepts applications from businesses, and does not accept any
inquires or applications from any consumer individuals.
Should an applicant have other questions or concerns about privacy,
disclaimers,
or disclosures policies, please contact us at: allbexfinancial@sbcglobal.net
or fax at: 415-946-3307. Past performance does not guarantee future
results.
Affiliates:
If you are interested in presenting our funding programs to your clients,
request
the
Affiliate Registration Form.
Send Inquiry to: allbexfinancial@sbcglobal.net
Attn: New Business Manager.
Please
provide
your complete/full Contact
Information, and your Web
Address.
Or use
one of the Inquiry forms
above to request a Registration Form. Provide
your complete contact information and your Web address.
Allbex Financial Partners
(Since 1992)
Newport Beach, CA 92663
Fax: 415-946-3307 (Internet Fax)
E-mail:
allbexfinancial@sbcglobal.net
Website: www.allbex.com
(C) Copyright 1992 - 2011
All Rights Reserved
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