Collateral Lease Program

The Collateral Lease is a lease that may be able to help you get that new equipment you need to replace something that broke or that you need, so that you can expand your business.

The Collateral Lease Program has NO restrictions on the equipment being leased, credit scores, or time in business. Plus --NO financials are required.

The reason we can offer this type of loan is simple.

You must have additional collateral in other hard asset equipment and/ or real estate equity. That is it! You show us collateral, we can help you with a lease.

Lease amounts can be between $10,000 up to $250,000.

Home ownership is required on all deals over $40,000 -- you must be current on your mortgage payments.

If you have had some recent issues, this may be the program that can get you approved. If you had any of these problems listed below, we may be able to structure a deal that will work for you.

If you can provide additional collateral in hard asset equipment and/ or real estate equity -- then the Collateral Lease Program is for you.

Early Payoff Options for customers who pay on time, save up to 47% of the total lease costs.

Business Owners with Poor Credit - Consider a Collateral Lease

Deals that can be Structured Include:

Traditional Asset-based Deals
Sale-Leasebacks
Private Party Sales
Start-Ups
Working Capital
Owner/Operator Trucks
Prior Bankruptcies
Tax Liens
Judgements
Repossessions
Slow Payments

Contact us today to find out if we can structure your deal with a Collateral Lease. It may be a fast -- easy solution to your current finance issues.

For more information and pricing, please contact Rob @ 303-521-7622

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Collateral Lease Programs

Utilizing a Collateral Lease Program may be the best solution for you if you are having problems getting approved for the new equipment that you need, either to replace something that just broke down or that you need to expand your business because you just landed a new contract for your services.

What is a Collateral Lease?

A Collateral Lease uses your additional collateral in your currently owned hard asset equipment(see examples of these below) and/or your real estate equity, either in your business or your personal residence.

By utilizing this type of lease, you are not restricted on the equipment type being leased, your credit scores, or your time in business. Also, financials are usually not required with this type of lease since additional collateral is being provided to secure the lease for your new equipment.

Lease deals that can be helped by using a this type of lease program include some of the following:

Traditional Asset-Based deals
Sale-Leasebacks
Private-Party Sales
Start-Ups
Working Capital
Owner/operator Trucks
Prior Bankruptcies
Tax Liens
Judgements
Repossessions
Slow Payments

If you have experienced any of the above and have been turned down by traditional banks and leasing companies then you need to take a cold hard look at how a collateral lease can help you.

A terrific way to use this type of lease would be during the start-up period of your business. During these tough times the banks are frowning upon lending money to start-up businesses, but if you are able to provide collateral a lease may be the way to go to finance your start-up equipment needs.

Another good idea is to use this type when you have a private-party sale. For example: You are selling a backhoe to someone who really needs it, but they don't have the ability to pay in cash and the bank is out of the question. If they have some collateral to put up against the amount needed for the lease, be it a hard asset or real estate equity, the deal can usually be done quickly.

Some of the best equipment that can used as a Hard Asset would be:

Trucks and Trailers
Construction/Yellow Iron
Loaders
Excavators
Cranes
Bulldozers
Logging Equipment
Machine Shop Tools
Large Forklifts

Other types of collateral that can be used as additional collateral for this program would be: stocks, bonds, CDs, Mutual Funds, Non-Tax-Advantage Accounts and personal vehicles with a value greater than ten thousand dollars.

The above is just a sample of the equipment that can be used as collateral. This type of lease may work well for you if you have been turned down for traditional forms of leasing or financing. There are other types of equipment that can be used, but they are not as valuable as the lists above.

In these tough times you need to gain any bit of good financial knowledge that you can grab and this type of program can help assist you in these times when the banks and other lending sources tighten up their guide lines, but these are the times that you really need the money to get the equipment you need. This is a possible solution for you and is available for your business to use today.

Examples of Collateral Leases:

NO SECURITY DEPOSIT

Credit Score: 499

Homeowner: Yes

Equipment: 1999 Hyundai 450 Excavator

Equipment Cost: $77,323

Security Deposit: NONE

Amount Funded: $77,323

Additional Collateral: 1999 Cat 963 Loader worth $80,000

Comments: This client had a low credit score due to a history of late and slow pays. They also had a very small amount of cash-on-hand, limiting their abiltiy to put down a security deposit. Due to the strength of the collateral, we were able to approve this transaction with requiring a security deposit.

TAX LIENS

Credit Score: 593

Homeowner: Yes

Equipment: 2003 Caterpillar 322CL Excavator

Equipment Cost: $122,181

Security Deposit: $15,000

Amount Funded: $107,181

Additional Collateral: 2000 Link-Belt 3900 Excavator worth $70,000; 1999 Bomag BW-213D-3 Roller wirth $50,000

Comments: Client had over $100,000 in personal tax liens. Because the tax liens were personal and their business owned the equipment, we were securing as additional collateral, we were able to structure the transaction so that the tax liens did not affect our interest in the equipment.

SINGLE ASSET BUYOUT

Credit Score: 579

Homeowner: Yes

Equipment: 2004 Freightliner Classic XL

Equipment Cost: $24,500

Security Deposit: $3,700

Amount Funded: $20,800

Additional Collateral: None

Comments: Client had a truck that was financed by another leasing company. At the end of the term, the lessee did not have sufficent cash to make the purchase option payment. We were able to structure a deal to purchase the vehicle without additional collateral, becaus ethe actual value of the truck was more than double the cost of the funding. A GPS tracking unit was installed because the truck was the only piece of equipment in the transaction.

NON-HOMEOWNER

Credit Score: 483

Homeowner: No

Equipment: Two 2003 53' Utility Reefer Trailers

Equipment Cost: $47,920

Security Deposit: $7,920

Amount Funded: $40,000

Additional Collateral: 2002 Peterbilt 379 worth $40,000

Comments: Client had troubled credit and was not a homeowner. We asked them to put down almost $8,000 in order to lower the net amount funded to $40,000 - the maximim transaction size for non-homeowners. Because the customer was not a homeowner, GPS tracking units were installed in the funded trailers, as well as, the tractor taken as additional collateral.

SALE-LEASEBACK

Credit Score: 477

Homeowner: Yes

Equipment: Sale-leaseback on a 1981 MCI Crusader Bus

Equipment Cost: $15,644

Security Deposit: None

Amount Funded: $15,644

Additional Collateral: Real Estate worth $180,000 with $105,000 owed

Comments: Client had major credit challenges with multiple collections and no record of having paid even a single bill on time. Fortunately, their mother was willing to put her condo as collateral. The equity in the property was just enough to meet the lender's additional collateral requirements on a sale-leaseback, so a security deposit was not required.

Business Loans and Unsecured Lines of Credit