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"Fresh Start" Leasing Program For The Credit Challenged
The Fresh Start Program is designed to help companies with PAST credit problems. Don't let bad credit stop you from getting the equipment your business requires to grow! We work quickly with you to get you financed!
- Minimum lease $10,000.00
- Few equipment restrictions
- Personal Financial Statement and tax returns required
- Rates will vary depending on credit
- Security Deposits required
Credit Requirements
- All credit problems must be in the past
- Bankruptcies must be discharged (at least 3 years) - If you have filed BK in the past you MUST show clean credit since the BK. Meaning no late payments, collections, charged off or negative accounts after the BK was filed.
- All collection accounts must be paid or being repaid
- No credit problems within the last year
- Explanation of credit problems
- Judgements must be paid
- No Tax Liens
Tips For Faster Lease Approval
- Before submitting your application to a leasing company CALL THEM make sure they can help clients with your particular needs.
Over the last few months we have noticed that many of our clients credit scores had been adversely effected from "shopping" their lease request to several lenders THAT DIDN'T EVEN PROVIDE LEASING FOR BAD CREDIT! Each time you submit a deal to a leasing company and they pull your credit, your credit risk score is lowered! Be careful or you may just shop yourself out of any chance of obtaining your lease! Also an excessive amount of inquires will also adversely effect your chances of being financed. Don't make a lender ask themselves: Why didn't any of these other companies finance this request?
- Provide a written explanation for the negative items on your credit report when you submit your application
- Be prepared to or provide at time of application financial information that will show you have the means to repay the lease
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