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BUSINESS FINANCING

Empowering Small Businesses: Harnessing the Power of Equipment Sale Leasebacks

Struggling with limited cash flow or outdated equipment? This in-depth guide explains how equipment sale-leasebacks could be the solution for your small business.

Corey Rockafeler May 1, 2024

Equipment finance tips

Equipment Financing vs. Outright Purchase: What is the Right Choice for Your Small Business?

Equipment financing vs. outright purchase for small businesses – learn the pros, cons, strategies, and how to maximize your funding for growth.

Corey Rockafeler Apr 22, 2024

AI

The Future of AI: Navigating the Transformative Decade Ahead

Discover the transformative power of AI in the next 5 years. From the accelerated pace of life to eroding privacy, this expert analysis explores the industries disrupted and the long-term challenges we must navigate. Unlock the future of AI and gain a competitive edge.

Corey Rockafeler Apr 16, 2024

asset based lending

American Credit® Loan Submission Documents

Completed Application with Supporting Documents are Basic Requirement for Underwriting Review

Corey Rockafeler Nov 6, 2023

American Credit® Loan Submission Documents — Completed Application with Supporting Documents are Basic Requirement for Underwriting Review

SBA LOAN DOCUMENTS

Online application
Last 3 years business taxes
Last 3 years Personal Taxes
Most recent P & L with Balance Sheet
Debt Schedule
6 months of business bank statements

2nd MORTGAGE PROGRAM

Second Mortgage Allows Busienss Owners to Access Extra Cash Using Their Properties

Detailed Use of funds and the economic benefits of the loan for the borrower.
Attached Application.
Banks - Last three months of complete statements .
Attached business debt schedule & PFS.
Copy of current Mortgage statement.
2021-2022 P&L and Balance Sheet.
Last year filed personal and business tax returns.
Leases and copy of rent roll( if applicable).

TERM LOAN OVER $ 100k to $ 500K

Term Loans are Great Choices for Working Capital

Online application
Last 2 years business taxes
Last 2 years Personal Taxes
Most recent P & L with Balance Sheet
Debt Schedule
6 months of business bank statements

REAL ESTATE LOAN REFINANCE

Refinance Enable Busienss Owners to Access Equity in Their Real Estates

Real Estate 1003
Property Financials for last 2 years.
Most recent property Financials.
Most recent mortgage statement.
6 months of bank statements.

REAL ESTATE LOAN PURCHASE

American Credit has Financed Many Large-Sized Real Estate Purchases for Business Owners

Real Estate 1003
Purchase contract
Property Financials( if applicable).
6 months of bank statements.
Last 2 years taxes

EQUIPMENT FINANCING ( Less than $ 100K)

Equipment Finance is the Bread and Butter of American Credit's Business

Online application
Last 6 months bank statements
Copy of equipment invoice(s).

EQUIPMENT FINANCING ( More than $ 100K)

Both Used and New Equipment Purchase can be Financed

Online application
Last 6 months bank statements
Copy of equipment invoice(s).
Last two years business taxes.
Most recent P & L with Balance sheet.

EQUIPMENT SALE LEASEBACK /SECURED TERM LOAN

Using Existing Free and Clear Equipment is a Smart Way to Access Capital at Lower Cost

Online application
Last 6 months bank statements
Completed equipment spreadsheet.
Photos of equipment
NON TITLED: Need prove of ownership via invoices or receipts
TITLED: Need copies of tittles
Last two years business taxes.
Most recent P & L with Balance sheet.
Conditions report( for each piece of equipment )

LINE OF CREDIT ( UNDER $ 50K)

Limes of Credit (LOC) Gives Business Owners the Flexibility of When and How Much to be Used

Online application
Debt Schedule
6 months of business bank statements

LINE OF CREDIT( OVER $ 50k)

Securing a LOC Givens a Business an Edge in Mnanaging Working Capital

Online application
Last 2 years business taxes
Last 2 years Personal Taxes
Most recent P & L with Balance Sheet
Debt Schedule
6 months of business bank statements

SHORTER TERM UNSECURED TERM LOAN

Fast Approval is an Attractive Feature of Short-Term Business Loans

Online application
Debt Schedule
6 months of business bank statements

Published in: asset based lending, Equipment finance tips, Equipment Financing, Equipment Leasing, Loans And Funding, Small Business Tips, Working Capital

Author

Corey Rockafeler

Corey Rockafeler's has over 25 years of diverse finance experience ranging: Wall Street to former Mayor Bloomberg's number one business development manager. NYU ,Harvard, & London School of Economics.

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