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:
Overview of the Sale Leaseback Option “C” Program
The
minimum loan amount
of a sale-leaseback transaction is $50,000 The maximum funding amount is
$10 Million, determined on a case-by-case basis.
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.
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.
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.
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 n necessary when the equipment is hard assets/heavy
equipment.
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 n 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
"C"
Need Working Capital?....
Equipment
Sale Leaseback Provides Working Capital
EQUIPMENT SALE LEASEBACK Inquiry FORM (PRINCIPLES ONLY, Sorry no Brokers)
* Applicant name:
* Name of company:
* E-Mail:
* Business phone:
* Business fax:
Cell number:
* What type of financing are you interested in: Option C, or other
Loan request amount, (approximately)
Estimated of your equipment / other assets, current market value:
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. Thank You! The application and information will be e-mailed to you within a few hours of our receipt.
Broker Inquiries:
Send us a request for the Broker Registration Form. Include your Website address.
Send to: allbexfinancial@sbcglobal.net
Attn: New Business Manager
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 -
2010
All Rights Reserved