The following is a list of things you will need in preparing your leasing application. A complete application will result in a quick approval.

1. Your social security number is necessary to obtain a personal credit report.  Each time your credit report is pulled, your score may be lowered. It is your score that sets your rate.  For your own benefit, do not submit your application to more than one broker. Be sure the broker of choice does not “shotgun” your application. Ensure that you are working with a reputable broker.
2. All owners of the company must be listed with their company title, percentage of ownership and social security number.
3. You need your company’s mailing address as well as the address where the leased equipment will be located. This is extremely important at the time of the application.
4. Business bank information should consist of your bank name, branch, contact person and your account number. If you have more than one bank account, please list each account. Ideally, you will provide your last three (3) bank statements.
5. Completing the leasing process will require your first and last payment up front. This must be paid on a check from the checking account listed on the application.
6. Provide trade references. These references are other businesses, with which you do business, that will verify your pay history.
7. A comparable lending reference is another lease or borrowed dollar amount of at least half the amount you are currently requesting. This is very helpful in getting an approval.
8. Assume the credit analyst is not familiar with the requested equipment and supply them with a brochure or detailed description. Pictures are always helpful, but not necessary.

Always feel free to contact us with any questions regarding this process.