1. Must Be a Business: (Sole Proprietor, Partnership, Corporation, Non-Profit)

       Note: We verify you are a business by ONE or more of the following items:

        • Business license, Schedule C or K from your tax return, State Business Filing, Articles of Incorporation

 2. Business must be two years old or older. We date the age of the business by the business by ONE or more of the following: Business license, Schedule C or K from your tax return, State Business Filing, Articles of Incorporation

3. We like to see a current and/or previous BUSINESS bank reference that dates the business back two years or more. Personal bank account used for business may be acceptable. Account should show an Average Balance of $1,000 or more. Savings, money market type of accounts may also be used to offset low business account balances. Include in “other” account information on the application.

4. Two trade references. Trade references are where you purchase and are billed for equipment, services and/or supplies. Trade references should report that bills are paid “as agreed” or “according to terms”. (Be sure to include trade: name, address, phone number, contact person).

5. The owner/s must have clean personal credit. Personal credit report should show at least four open credit accounts (Visa, mortgage, car loan, student loan, etc.) Credit reports that show no activity or accounts at all will be rejected.

6. The business should relate to the industry - The equipment must be useable in the business that is applying for the lease. 

7. Closely held business owner cannot have over-extended personal credit. An example would be credit card debt over $40,000. Financial statements and/or tax returns could overcome our concerns.

8. D&B rated businesses, Government entities or Public companies supply minimal data - no personal information  or guarantees are normally required.

NOTE: Businesses that can’t verify time in business may be approved under our START-UP Program