Program and Credit Guidelines
Our Credit philosophy is quite simple, we finance assets to creditworthy customers at
competitive rates. We have set our credit criteria so as to select a borrower with clean
credit who will have sufficient ability to make payments throughout the term of the
agreement.
The following is a general guideline of Credit Policy and Rules:
competitive rates. We have set our credit criteria so as to select a borrower with clean
credit who will have sufficient ability to make payments throughout the term of the
agreement.
The following is a general guideline of Credit Policy and Rules:
- Maximum loan terms are defined by the equipment type
- Minimum loan amount is $2,500 including applicable taxes
- All loans will be amortized to a $0.00 residual
- We will contact borrows to confirm installation of equipment, application information
and loan details - Credit authorization is valid for 30 days from approval date
- Applications for loans over $10,000 will require employment verification
- Monthly payments will be drawn via pre-authorized debit from the account of the
approved borrower - Dealers must not submit loan applications for principals of businesses for equipment
to be used for business - 3 to 6 months deferral plans are available. If the customer selects one of these plans,
then their monthly payments will commence at the end of the deferral period. We do not
charge retroactive interest fees. - Loan administration fees range from $100.00 to $200.0 plus tax (charged to customer) depending on program.