Working Capital Notes

This is a simple and single finance event to acquire equipment financing and working capital (the working capital portion is not to exceed 25% of the tangible equipment cost).

Benefits

• One invoice for end-users encompasses the equipment and working capital.
• Provide cash for business needs including business expansion, purchasing inventory, etc.
• Ability to take advantage of trade discounts and manage cash flow effectively.

How It Works

• Eligibility
• If a transaction is approved for an Extended Credit Line (ECL), you may use the ECL amount (not to exceed 25% of tangible equipment cost)
• Working Capital is to be used exclusively for business purposes and is available when financing equipment.
• Equipment and working capital are written as on lease contract.
• End of lease options include $1 Out, $101, Rental, EFA
• Soft Cost (installation, freight, etc.) are allowed with the following restrictions: Working Capital plus soft costs cannot exceed 40% of the tangible cost.
• Normal Credit Criteria and documentation fees apply.
• No restricted industries.
• Approvals valid for regular 90-day span.
• No PPT or sales tax on the working capital portion.
• Standard equipment and industry restrictions apply.
• Program available for small ticket and commercial transactions.
• $10,000 minimum tangible equipment cost.
• Working Capital will be paid at time of funding of the equipment as a single advance.
• A normal UCC on the equipment will be filed (not a blanket item).