Itis not unusual for a business to change its name. If the current business name is less than two years old, please provide us with the previous business name and bank reference information.

Business under five years old requires personal guarantees of "key" owners. Corporations may elect to have one person authorized to sign the lease. OVER five years in business AND 10 employees or more - required to waive personal guarantees.

Personal guarantees are not required on public companies or well established businesses with Dunn & Bradstreet ratings. Each request to have the guarantee waived is reviewed on an individual basis.

Equipment insurance may or may not be required to fund. However, if the equipment is damaged, stolen or destroyed, you are still liable for payments.

Rates are contingent upon perceived risk. The more established the business, the lower the rate. There are no hard and fast rules. There is no obligation if you don't want to continue the lease process. Payment quotes are given after the credit process is completed. A general quote is available upon request.

This is almost always untrue. In fact, shopping to multiple brokers can cause damage to your credit report and result in a rejection. Direct lenders almost always have the best rates.

New owners do not necessarily mean you are a "start up" business. Simply list your previous business name or provide us with a separate cover letter telling us about the changes. Also, provide us with bank and trade references from the previous business.

The equipment itself is the collateral in most cases. However, a newer business or weaker credit may require additional collateral for approval. Accepted collateral is generally - Cash Down, CD's, Cross Guarantee From A Related Business, Currently Owned Equipment, etc.

Since most companies are closely held, clean personal credit is required for closely held businesses under five years old. There are some exceptions. Ask if you are not sure.

Remember, we do not look at financial statements in most cases. Your business is qualified through bank and trade references only (in most cases). 

Yes, you own the equipment after you make all payments and any purchase option, unpaid taxes, etc.