CREDIT GUIDELINES

We review each application on its own merit! We recognize that there are few perfect credits these days and sometimes we have to assess the whole deal based on variety factors including the industry, type of equipment, 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 if there is solid business plan supported by strong guarantor or substantial liquid collateral.

The following credit criteria are taken into consideration in determining the underwriting overview.

"A" Credit

• Five (5) years or more in business
• Satisfactory D&B report with Paydex of above 65
• Satisfactory Bank rating with M-5 ADB (Average Daily Balance)
• Comparable borrowing or term dept 65% of amount requested. Paid As Agreed.
• Principal(s) must have a minimum Experian Fair Isaac score of 680
• Principal must be home owner (this requirement may be flexible)
• No liens, judgments or suites for the past 7 years
• Never in Bankruptcy (personal or business)

"B" Credit

• Three (3) years or more in business
• Satisfactory D&B report
• Satisfactory Bank rating with H-4 ADB (Average Daily Balance)
• Comparable borrowing or term dept 60% of amount requested. Paid As Agreed.
• Principal(s) must have a minimum Experian Fair Isaac Score of 640
• No liens, judgments or suites for the past 5 years. No unpaid Taxes.
• Never in Bankruptcy (older bankruptcies can be reviewed with explanation)

"C" Credit

• Two (2) years or more in business
• Satisfactory Bank rating with L-4 ADB up to $20,000 & M-4 ADB up to $50,000
• Principal(s) must have a minimum Experian Fair Isaac Score of 600
• No liens, judgments or suites for the past 2 years. No unpaid Taxes.
• No pattern of slow pays in last 12 to 24 months.
• Pledge of additional collateral can strengthen the deal. Co-Guarantors are welcomed.
• Bankruptcies over 3 years can be acceptable with explanation, but must be discharged.
• ACH payments required

"Start-Up" Program

• $30,000. maximum cap cost for Startups (based on credit)*
• Satisfactory Bank rating with M-4 ADB (Average Daily Balance)
• No pattern of slow pays in last 24 months.
• Principal(s) must have a min. Experian Fair Isaac score 620 (640 for over $15,000)
• No unpaid Taxes. Need explanation for any open small judgments or slow pay
• Never in Bankruptcy (older bankruptcies can be reviewed with explanation)
• Pledge of additional collateral can strengthen the deal
• Home Ownership can strengthen the deal. Co-Guarantors are welcomed.

Please contact us for information on larger transactions

Extended General Credit Requirements on all Applications

• Credit History must be at least 9-10 years old for "A" Credit Tear.
• Credit History must be at least 5-7 years old for "B" Credit Tear.
• Credit History must be at least 3-4 years old for "C" & "Start-Up" Credit Tear.
• No less than 4 lines of credit on "CBR" (Credit Bureau Report)
• No "SCNL" (Subscriber Can Not Locate) on CBR or any Skips
• Available Revolving Credit on CBR must be 50% or more for "A" Credit
• Available Revolving Credit on CBR must be 40% or more for "B" Credit & "Start-Up.
• No Open Bankruptcies. All BK's must be discharged.
• No excessive inquiries. No recent competitor inquiries. (must be explained)

NOTE: The parameters listed above are only meant as a guideline and do not warrant automatic approval or decline. Final credit decision is made by credit analyst. Additional information may be requested at time of credit review and all information is subject to investigation and verification.

Corporate Only Credit Policy (Small Ticket)

• Corporation must be in business 5 years or more & in good standing with Secretary of State
• Must have D&B Paydex of 70 or higher.
• Minimum 20 employees.
• Satisfactory Bank rating with H-4 ADB up to $20,000 or M-5 for up to $75,000.
• Comparable borrowing (loan/lease reference) with favorable pay history.
• CBR report on owner/officer may be requested for review purposes only.

Please contact us for Big Ticket Corporate Only Policy