Finance and Lease Technology, Medical, Manufacturing Machinery ...

Finance and lease programs for technology, medical, manufacturing machinery and equipment, new and used, are still available in 2010 even though leasing and financing volume for the first part of 2010 was basically flat ?

Even though we are going through tough credit times, technology, medical, manufacturing machinery and equipment financing and leasing is still available for the good credit applicant and also for the not so good applicant with marginal credit. We are going to discuss the available technology finance and lease programs in general to give you an idea what 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 $150,000 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 $150,000, 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 technology machinery and equipment acquisition would be required as well..

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Applicants with personal credit scores between 650 and higher still have a good opportunity to acquire their desired technology machinery and equipment 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 leasing, working capital and hard asset money loans, and commercial lending.

U.S Corporate Capital Leasing assists the start up and seasoned businessess for financing in all different industries?

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

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

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Source: http://startingovertalk.com/blog/2011/08/29/finance-and-lease-technology-medical-manufacturing-machinery-and-equipment-new-and-used-leasing-and-financing-programs/

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