MaxPro Leasing - General Qualifications for Leasing

General Qualifications for Leasing

$5,000 - $50,000

›	Completed MaxPro Leasing Application
›	Business entity dating back two or more years in business. You do not need to be a corporation.
›	Business Checking account under the same business name for two years or longer with minimum average daily balance of $1,000 or more.
›	Business should be registered with directory assistance under the business name in local phone directory (Yellow pages or white pages helps)
›	All owners with 25% or more ownership in the company must provide social security number and home address of companies less than 3 years in business. Personal credit should be clean. No judgments, liens, charge-offs, bankruptcies or excessive slow payments.
›	We traditionally require 3 business trade references to verify company payment experiences. Equipment suppliers, equipment rentals, landlord, other business suppliers and/or other equipment leasing references. These references are usually a receivable to your company. Personal credit cards, personal vehicle leases and/or cash or COD accounts are not valid trade references.

$50,000 - $250,000

›	Completed MaxPro Leasing Application
›	All of the requirements as listed above under the $5,000-$50,000 criteria must be met.
›	The last two years of corporate tax returns(1st 4 pages)
›	An interim financial statement (P&L and Balance Sheet) from date of last tax return
›	Personal financial statements and /or tax returns may be required.
›	Comparable leasing reference may be required

New Businesses
(any entity under 2 years in business.)

We have a variety of new business programs available for companies at least 6 months old.

Below are our minimum requirements for a new business:

›	Completed MaxPro Leasing Application.
›	Business entity dating back 6 months in business. You do not need to be a corporation.
›	Business Checking account under the same business name for 6 months or longer with minimum average daily balance of $1,000 or more.
›	Business should be registered with directory assistance under the business name in local phone directory (Yellow pages or white pages helps)
›	All owners with 25% or more ownership in the company must provide social security number and home address. Personal credit should be clean. No judgments, liens, charge-offs, bankruptcies or excessive slow payments.
›	We traditionally require 3 business trade references to verify company payment experiences. Equipment suppliers, equipment rentals, landlord, other business suppliers and/or other equipment leasing references. These references are usually a receivable to your company. Personal credit cards, personal vehicle leases and/or cash or COD accounts are not valid trade references.
›	Business location should be a separate address from the personal address. Home based businesses may be acceptable if owners have a satisfactory mortgage on the property. The business should be run from a specifically designated part (office) of the home. Site inspections by the credit department may be applicable.
›	Transaction dollar amounts, certain equipment types, software percentages, length of terms, payment options and buyout types may be limited.
*	We do not do any personal or consumer leases.

Credit is not a science. We have set the above as guidelines as a rule of thumb but each transaction may vary.

Would you like to Apply Now?

If have questions about qualification requirements,

please call us and ask.

(877) 762-9776