ss_blog_claim=bd50edc517cf0b7549fe6b5f63b6b5f8 The SLS Business Finance Blog: The Small Ticket Market

Sunday, December 14, 2008

The Small Ticket Market

The small ticket equipment leasing market is generally 2 years Time in Business and a need of $100,000 in equipment or less. With the exception of serious credit issues, the bulk of these applicants fall under Application Only guidelines with our 2/3's of our funder partners that have Application Only programs. This means all we use is:

1) Credit Application
2) Credit Check of owners who own at least 20% of the company
3) Purchase Order from Equipment Vendor/Dealer of choice for the equipment they want

These are all that are required and the lack of personal financials, business financials or tax returns means a simpler more streamlined process and allows for a quicker turn from start to finish. A win/win for everyone involved.

Southern Lending Solutions

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