Discover How To Get the Business Equipment You Need Even If Your Business Is New or You Have Credit Issues...
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"Do You Own A Business Less Than 2 Years Old?
Do You Own An Established Business But Have Slow Credit?
"I can help YOU obtain the equipment you need to build YOUR business, increase YOUR profits, and make a better life for YOUR family!" -- Russ Murray
From the Desk of:
Russ Murray
Equipment Leasing from
$5,000 to $100,000
All 50 States!
Date: December, 2008
Dear Entrepreneur,
If you're an established business but have past credit issues OR your business is less than 2 years old, you've come to the right website. Do you need a "fresh" start. I can help you get the equipment you need. Do you have a new business and have another source of income? I can help you get the equipment you need. I specialize in equipment leasing for new businesses and established businesses with credit issues.
Most banks and equipment leasing companies do NOT offer equipment leasing to startup companies or companies less than 2 years in business. However, that is not the case with me. I specialize in the startup business equipment market. Read this entire letter -- it may be easier than you think to get the equipment you need!
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1-877-712-1414
Your Equipment Funding Solution...
A Smart Alternative to Cash
If you're a startup business (less than 2 years old), I am going to need an alternate source of income to get you approved. For instance, a spouse with stable employment, ownership of another business, retirement income from the military of the corporate world, real estate or rental income, or other sources of established income will be the only way I can get you approved. PAST BANKRUPTCY IS OK. Now if you're an older established business with previous credit issues, I'm going to need to see the following from you: organization & integrity, currently working to correct your credit problems, and a potential for positive cash flow. I do NOT use credit scoring.
Preferred Industries...
The only way I can get equipment financed is if you are in a "preferred industry". A real business with a real product or service -- commonly called essential industries. I can get equipment financing for MOST business and industries. In fact, 100% software is okay. I can finance any transaction that makes sense! Sorry, I CANNOT finance the following industries: long haul trucks, one-man shops with no employees, sale-leasebacks, working capital, kiosks in a mall, vending machines, or restaurants.
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Equipment Types...
The key word is "essential". If the equipment YOU desire is ESSENTIAL to your business, I assume the motivation to make lease payments will remain high. If you have a good STORY to tell, I'll roll up my sleeves and listen. These are the types of equipment that I can easily finance:
- Agricultural Equipment
- Auto Body Shop Requipment
- Auto Repair Equipment
- Business Computers
- Construction Equipment
- Dental Equipment
- Dry Cleaning Equipment
- Farm Equipment
- Fitness Equipment
- Heavy Equipment
- Industrial Equipment
- Manufacturing Equipment
- Medical Equipment
- Metalworking Equipment
- Networking Equipment
- Office Equipment
- Printing Equipment
- Production Equipment
- Salon Equipment
- Security Equipment
- Software
- Telecom Equipment
- Woodworking Equipment
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Success Stories...
- Swimming Pool Contractor: This was a small business, with very few employees, owned by a brother and sister. They wanted $17,500 for equipment used in constructing swimming pools. Unfortunately they only averaged a high-3 digit bank balance in their business checking account. My client shared with me that much of his business was “in cash”. So I requested a $7500 certified check as his deposit and he express mailed the check the next day! This lease was approved and funded in spite of their financial weaknesses. Neither owner had a mortgage. Sister had a 645 personal credit score and brother had a 526.
- Propane Sales & Delivery Business: In this case, my client needed $45,000 for portable propane tanks located at various customer sites. The equipment is remotely located, which makes the transaction almost unsecured! During my telephone interview I realized my client owned his office building. He agreed to a 2nd lien on his real estate which was enough security to approve funding for his portable propane tanks. By the way, I do not require costly appraisals to secure real estate liens, which means it is now practical to fund leases of all dollar sizes using real estate as additional security.
- Dental Practice with a Bankruptcy: The dentist wanted $33,400 for a hardware/software upgrade to his business. During the interview I discovered that he had recently gone through a divorce and filed bankruptcy. Once I gathered his corporate financial statements, it was very clear that he was making an excellent income. This was an easy approval once I understood “his story”. I offered him an immediate approval for 36 months, 10% security deposit. Initially he turned me down – the rate was too high for him. About 7-10 days later he called back and accepted my terms. He had searched for lower priced money and failed. The dentist learned to appreciate his approval and knows that he probably only needs this one lease before he can obtain cheaper money again.
- Start-up Fitness Center: This young entrepreneur needed $25,000 for fitness equipment. However, he filed a personal bankruptcy in 1999 due to a business failure with a partner that stole from the business. Since then he and his wife have maintained good integrity on paying personal bills. For new businesses, I require the principals to have an alternate source of income. The business owner’s spouse was earning an $82,000 salary from her job. They had $35,000 cash and borrowed $50,000 from their 401K. I were also impressed with the fact that they had already hired an in-house bookkeeper. I approved this lease with a 15% security deposit for 30 months.
- Small Manufacturing Company with 6 employees: This 8 year old business applied for $71,000 for a used CNC machine. One partner just discharged a personal bankruptcy due to a divorce. The other 2 partners were cleaner credit, a 625 and a 631 personal credit score. Annual sales volume was about $650,000, but they had very high accounts receivable, low 5 digital checking balances. From the interview I discovered that they had 2 company vehicles that were paid for. Their combined market value was approximately $35,000. The vendor indicated that the CNC machine would hold its value and was re-salable. They agreed to pledge the vehicles as additional collateral. This lease was approved and funded for 36 months with a 15% security deposit and the title to both vehicles.
- Hauling Business: This new business owner wanted $83,000 for a semi-truck and trailer for hauling automobiles. Ordinarily I decline long haul trucking businesses. Plus my client only had one primary customer, which increased his risk of succeeding. In this case my client had a partner willing to pledge a first lien on a residential lot in Florida. I approved and funded this lease with a 10% security deposit and a 1st lien on the real estate. Less than 12 months later my client defaulted. The partner sold his residential lot and paid off his lease.
- Construction Contractor Wins New Airport Contract: This business was only 18 months old and the owner had weak personal credit. However, he just won a 36 month $400,000 contract at the airport. As long as he could obtain the equipment and complete the work, he was assured payment from the city. Upon review of the contract I agreed to approve his lease for $45,000, 30 months, with a 20% security deposit. The equipment was good collateral and could be resold in the event of default.
- Stone Cutting Contractor with a Paid Tax Lien: My client had been in business for 12 years. Most of his customers are general contractors and home builders. So his company paydex rating is consistently in the 50-55 range because “I pay my bills when my customers pay me!” His personal credit is only a 585 credit score. His tax returns reflected annual sales of about $450,000 with a medium 5 digit net income. He claims that some sales were “in cash”. The problem with his credit is he had a paid tax lien for $13,000. He just paid it off 3 months ago. I approved his lease for $27,000 with a 25% deposit, 36 months because the equipment was good collateral, long time in business and he took care of his tax lien on a timely basis. This customer has integrity.
P.S. Act now. Don't turn yourself down by NOT applying.
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