For more information on equipment leasing call 800-733-3939 or e-mail info@columbialeasingusa.com

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Equipment Leasing Business Owners Section
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800-733-3939

1985 to 2012
Over 27 Years in Business

National Association of Equipment Leasing Brokers

Larger Leases
New or Used Equipment

Advance Payments
Available Terms 24 to 84 months
End of Lease Purchase
60 Day Rate Lock

Working Capital Loans
Merchant Cash Advances
Cash For Those Who Do Not Qualify for Traditional Financing
 
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Start-Up New Business


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Lease Amount $
   (5,000 - 35,000)

General Credit Guidelines:

  • There is no time-in-business requirement with the exception of food/beverage service establishments, which must have one (1) year of operating history.
  • Credit decision will be primarily based on a review of each owner’s consumer credit report (CBR); all owners must be identified at the time of submission. Personal guaranty of all owners with 15% or greater ownership. Be sure to disclose 100% of ownership.
  • Payment habits, level of revolving debt, availability of revolving debt, comparable debt, and home ownership are also factors.
  • If no commercial bank account is available to verify at the time of application submission, the most recent (three months) personal bank statements will be considered.
  • There are some equipment and industry restrictions.
  • Some approvals require payment by automatic check withdrawal (ACH). The two payments with lease contract are considered security deposit.

Credit Bureau Scoring Guidelines:

  • $10,000 - $35,000 – Fair Isaac Score - 620 minimum required

Bank Balance Requirements:

  • $5,000 - $20,000 – average balance of $1,500 required
  • $20,000 - $35,000 – average balance of $3,000 required

The Following is Required for Transactions Above $20,000:

  1. Last year’s personal tax returns on all guarantors
  2. Personal financing statements on all guarantors
  3. Last year’s business tax returns (if applicable)
  4. Most recent company interim financial statements (if applicable)
If you would like a no obligation QUOTE,
or additional information on our SBA Loan Program,
or lease purchase financing programs,
please call one of our professional account managers directly at
1-800-733-3939 or fax us at 1-800-827-2600.
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