Equipment Financing Paperwork Requirements | Paperwork Required for Equipment Leasing

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Title - Equipment Financing Paperwork Requirements | Paperwork Required for Equipment Leasing

In this video I talk about the Equipment Financing Paperwork Requirements
First and foremost, we function as an equipment financing and equipment leasing broker. Every lender has slightly different requirements, etc.

There's basically either two or three types of applications you can do with equipment financing to acquire new business equipment.

The first one is application only and and this is generally for smaller ticked equipment finances or leases. You can do application only up to $50,000 or sometimes up to $100,000 or $150,000 or $250,000. It just depends on the lender. It depends on your credit, and it also depends on the type of equipment.
For application only the paperwork requirement is:
1. signed application, usually just one page.
2. Equipment invoice
3. and three months of bank statements

From there, you have either light financial or full financials in terms of the equipment financing paperwork requirement. The requirements for light financials or full financials include all the aforementioned items and"

4. 1-3 years of interim financial
5. 1-3 years of tax returns (all pages, business and personal)
6. Debt schedule sometimes
7. Sometimes it's a good time to include a summary of the equipment need, estimated revenue, etc.

🔥🔥🔥🔥Email -- Info@TheBroker.Finance or (714) 271-8524 (call or text)

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