Commercial Equipment Leasing. Our 28th Year! True, Operating, Off Balance Sheet, Capital and TRAC leases

The Equipment Leasing Experts -- Our 28th Year!

Equipment Leasing

For Equipment, Vehicles or Software
Costing $50,000 to $5 Million
True ● Off Balance Sheet ● Capital ● Operating ● TRAC

First Capital's Commercial Equipment Leasing program can be utilized for equipment costing from $50,000 to $5 million or more!

First Capital Will provide:

A detailed Commercial Lease Proposal Agreement. Commercial Equipment Leasing to $50,000, equipment leasing This will detail the approval we anticipate being able to obtain for your company and requests a small good faith deposit.

EASY Documentation for a Commercial Lease:

	Standard One Page QuickLease™ Credit Application and brief writeup
	2 Years of financial statements*--audit or review level (only) OR business tax returns

AND

	Interim financial statements* (internally prepared to within 90 days)
	Commercial Lease Business & Equipment Profile--This brief form will provide our credit analysts with an overview of the applicant's business methodology, markets, the equipment and its anticipated effect of the operations of the business and its finances.
	For closely held companies: Personal information on the principals (all owners) will be required, including: Personal Financial Statements (signed and current to within 90 days) and signed copies of each owner's most recent 2 years of personal tax returns. Note: For publicly traded companies and their wholly-owned subsidiaries, we will obtain all* required financial information from public sources. *(We DO however require a signed proposal, application and business & equipment profile).

Basic Commercial Lease Credit Guidelines (Many, many factors are considered)

Recent Profitability. Business should be reporting profits for the last 3 years. Neutral or positive trends.

Positive Retained Earnings.

Tangible Net Worth: 1.5 x lease request

Low Leverage

Working Capital 1.1:1 or greater.

Adequate cash flow coverage for existing operations AND to service new lease obligation. Cash Flow Coverage 1.25 or greater

Comparable debt and/or borrowing references.

Solid bank references.

Satisfactory D&B rating. Demonstrating a history of meeting trade obligations within agreed-to terms.

Satisfactory explanation of all credit inquires made and/or new debt acquired within the last 6-12 months.

No unsatisfied tax obligations. Full explanations of pending tax or legal matters

Notes:

	NO DOWN PAYMENT, NO POINTS & NO CLOSING COSTS. Only one (or two) monthly payments and a $350 documentation fee due at closing.
	No business plans or projections required.
	Tailor this lease to your exact needs with First Capital's Cash Flow Friendly Options (take a look!)

PRESS!	Get Prompt, Written Quick Quote Now!
Any Configuration, Any Amount


Call Us 800-541-0114
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