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Low documentation leasing  programs to $75,000 with a 1 page application



New business leasing  programs


Small business equipment leasing



10 Advantages of Leasing

Low Documentation Leasing Programs

Low documentation leasing programs are my leasing specialty and can be very useful to the small business owner. Low documentation leasing programs are available for up to $75,000 and require only a simple one page application. Please email any low documentation leasing programs questions to me directly. Low documentation leasing programs do not require any tax returns or asset verification. Low documentation leasing programs will allow you to finance 100% of your equipment cost, any delivery, installation, and training costs. To me, the very best part of these low documentation programs is that their payment rates, with good credit, are very close to the payment rates available with leasing programs requiring complete audited financials on both the business and any individual owning more than 10% of the business. I have seen several full documentation leasing applications that weighed several pounds for businesses with only moderately complex ownership structures. Low documentation leasing programs really are a simple solution.

We have all been there. You need a piece of equipment to grow your business to the next level. You go to your friendly banker and complete his loan application. The problem is that while your business is doing well from a cash flow perspective, you and your accountant have been aggressively taking every advantage of every possible deduction. Unfortunately your banker is required to base his decision on your after tax bottom line and you do not show enough income to qualify for the loan. Sure you could acquire the asset with your working capital line of credit but that will be a time bomb when it is time to clear the line or to renew it. I have seen several situations where the bank reduced the line by the amount of the equipment purchased putting the business into a working capital squeeze. There is a better way and that is with a low documentation leasing program.

Common underwriting guidelines to $50,000:

•  Available for businesses established under same ownership for 2 years. Time is verified by bank history, D&B, or business license.
•  Bank reference must be a commercial checking account in the company name with an average minimum balance of a low 4 figure ($1,000) with NO non sufficient checks noted.
•  Personal credit reports of all principals will be evaluated for payment history, utilization of available credit lines and risk scores Revolving debt must be no more than 50% of available revolving credit available.. All owners will be required to personally guarantee the lease.
•  A D&B report will be pulled on all transactions over $10,000. a paydex score below will not be accepted nor will any open liens, suits or judgments. Ownership information must match the application.

Common underwriting guidelines to $75,000

As above except:

•  Business must be under the same ownership for 3 years
•  Bank reference must show a medium 4 figure ($5,000) balance.

As an alternative to the personal guarantees, one of my funding sources now offer a corporate only (no personal guarantee or credit) transaction if the corporation has been in business for 5 years with the above criteria. Non profits, sole proprietorships, and partnerships do not qualify for the corporate only program but are welcome in the one with personal guarantees. Equipment leasing end of term options can be either a $1.00 or fair market value buyout.

Apply for your Low Documentation Leasing Programs