|
What kind of equipment does
1st National Capital Funding finance?
Almost any business equipment or machinery including titled vehicles.
Plus, we can include soft costs such as delivery, installation,
software, and even professional fees and services. Unlike many lenders,
we don't have a long list of prohibited equipment. We are open to
anything that makes sense for your customer's business.
[top]
What types of financing
does 1st National Capital Funding offer?
Because we offer both traditional debt financing (term loans and
installment notes) and various lease structures (finance lease,
tax lease, operating lease) we can provide a finance option that
best meets your customer's cash flow, tax and accounting needs.
[top]
How long does it take for an approval?
Our application-only program offers one day approvals up to $75,000.
Larger transactions can be turned around with in 2 to 3 days once
the customer has provided basic financial information
[top]
What are 1st National Capital Funding credit
policies?
Our approach to credit is flexible. We base our decisions on common
sense, not an arbitrary checklist. Our approval process is tailored
to the customer's industry. A technology firm clearly differs from
a manufacturer; a dry cleaner from a construction company. We recognize
and allow for these differences. We review each application on its
own merit! We assess the deal based on variety factors including
the industry, type of equipment, time in business, equity in collateral,
cash flow and many other relevant aspects, so that it can be structured
and custom tailored for approval. We offer assortment of credit
programs to accomplish your objectives. We can even finance start-ups
and early stage companies.
[top]
What are 1st National Capital Funding rates?
Our clients tell us that our pricing is better than other sources,
often including their banks. Rates are a function of the overall
money market (which is on the rise) and the particular transaction,
size, term, collateral and credit risk. Regardless, our goal is
to give each client a competitive rate.
[top]
What about & Documentation?
It's as simple as we can make it. Once the approval has been accepted
by the customer, we'll prepare all the necessary lease contracts
for signing and they can be mailed via overnight service or e-mailed
to the dealer or to the customer. A check list and instruction letter
is included and our professional sales staff are available to answer
any questions.
[top]
When will I get paid?
Within 2 days of your delivery. We know that getting paid is the
real bottom line of a sale, so our booking process is designed to
pay you right away.
[top]
Can soft costs be included?
Yes! We know that there are value added services or other 'soft'
items included in many sales, particularly in the technology area.
We have no arbitrary limit; rather, we consider each case individually.
[top]
What if I can't deliver all the equipment
at the same time?
We can pay you for partial deliveries. Multiple deliveries and payments
are no problem.
[top]
What if the equipment has to be manufactured?
We can pay you up to 50% of the capital cost of the lease prior
to delivery and the remaining balance at completion and accepted
delivery by the customer.
[top]
|
