Description
Seller-provided details for this listing.
What is Secured Business Loan Program? This type of program is based on the value of the equipment or real estate used as collateral.
This program is for Businesses in USA and NOT FOR CONSUMERS.
Who are qualified?
- First time startups are welcome
- Equipment/Real Estate Properties (Depends on the location) must be owned and named under the lease.
This type of loan defers on State
The loan amount is usually 50% of the value of the equipment would sell.
Acceptable Equipment List
Trucks
Trailers
Fork lifts
Manufacturing Equipment
Construction Equipment
Required documents:
- Equipment lease application
- List of equipment they want to use as collateral you need to indicate the make, serial number, and the age
- Pictures of equipment (optional)
Before releasing the fund, the bank will have to send Case Inspector (CI) to check and test the equipment if it matches of what is being provided on the application form.
For more info, visit: http://www.badcreditresources.com/secured-business-loan-program.html
This program is for Businesses in USA and NOT FOR CONSUMERS.
Who are qualified?
- First time startups are welcome
- Equipment/Real Estate Properties (Depends on the location) must be owned and named under the lease.
This type of loan defers on State
The loan amount is usually 50% of the value of the equipment would sell.
Acceptable Equipment List
Trucks
Trailers
Fork lifts
Manufacturing Equipment
Construction Equipment
Required documents:
- Equipment lease application
- List of equipment they want to use as collateral you need to indicate the make, serial number, and the age
- Pictures of equipment (optional)
Before releasing the fund, the bank will have to send Case Inspector (CI) to check and test the equipment if it matches of what is being provided on the application form.
For more info, visit: http://www.badcreditresources.com/secured-business-loan-program.html