If you are looking to start up and/or expand a business,
finding capital is always one of the most difficult
adventures the entrepreneur will encounter. Two key
components to the financing side is the credit
qualifications and the amount of money required either to
start up and/or expand the operations.
One of the solutions, that I can offer to you in a
leveraged world is the concept of leasing. Leasing is an
unique opportunity for the individual and/or business to
utilize very little front money and acquire financing up to
$250,000, application only. An application only means there
are no financial statements, income tax returns, personal
financial statements and bank statements required. The
collateral of the acquisition and your good credit is the
key to this approval, no additional collateral is required.
In this equation, you must asking yourself what good credit
is, a personal credit score of 680, 700 and maybe 725 or
higher. In this imperfect world where the economy is
somewhat unstable, this opens up a unique opportunity for
dealer financing with small and large U.S lenders. One
particular program offers the start up and seasoned
business an unique opportunity where the minimal personal
credit must be 575 or higher. Wow, are you kidding and no
bankruptcies discharged within five years. With an unstable
economy and a shrinking labor pool, this offers an unique
opportunity for the start up business and the seasoned one
as well.
You probably asking what the catch to this is? Really none
except this is a dealer financed inventory and you must
select the items out of the lender's inventory. This
inventory includes approximately 300 work trucks, trailers,
and construction equipment. These items range from
basically new to ten years old and all items are
reconditioned prior to being re-leased. The front money on
these deals, at this time of year, range from 3-5% of the
acquisition cost and financing up to 60 months. Wow! All of
the dealer financed inventory has residual buyout clauses
at the end of their leases from ten to twenty percent,
Therefore you can take title to the acquisition. If you
don't have the funds available at the end of the lease, the
lender permits you to continue making payments on the
residual until it is paid off, so either way you will take
title to the item financed.
Examples of what is in the dealer financed inventory: dump
trucks, over the road trucks, day cabs, garbage trucks,
landscape and grapple trucks, flatbed trailers, dry van and
reefer trailers, backhoes, excavators, dozers, forklifts
etc...
One of the additional features of this dealer/finance
program is that shipping to your location is an additional
option for you. The location of the dealership is in the
Midwest. The decision that you have is whether you want to
fly out and inspect the acquisition and drive it home. The
other option is that the dealer can have it shipped to
where you live. This additional charge can be financed,
however requires some additional front money, the decision
is yours whatever is best for you.
In conclusion, whether you are a start up business or a
seasoned one, there are many leasing programs available.
You should be careful and understand the details behind the
lease and the lender requirements. Many banks and lenders
also offer repos and off lease commercial vehicles and
heavy equipment for lease with advantageous terms. Check it
out and find yourself a deal.
----------------------------------------------------
J.M Luna has over thirty years in the financial field. This
includes accounting and taxes, leases, hard asset money and
working capital Loans and commercial lending. U.S Corporate
can assist the start up buiness as well as the seasoned one
in all different types of industries.
http://www.cclgequipmentleasing.com/DealerFinancing.htm
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