More on The Small Ticket Market

Most funders who work with the small ticket market specialize in it and prefer to work with these smaller firms who still have equipment needs. Since only 3 things are required: the credit app, the credit check and the purchase order from the vendor of their choice for the equipment they need; the strength of the owner is the biggest requirement.

The owner's personal credit is important and in many cases, the owner is the business so a personal guarantee is always required except for those companies with a long operating histories or willing to back the lease in some other form like with a bank letter of credit.

Stu
Southern Lending Solutions