Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
5cs of Credit Evaluation
1. What They Are and What They Mean to the Business Borrower
CHARACTER
CAPACITY
COLLATERAL
CONDITIONS
CAPITAL
Contact us for Access to Working Capital using equity in existing equipment and/or to acquire new
equipment with Equipment Lease-Financing
TThhee 55cc''ss ooff tthhee
CCrreeddiitt EEvvaalluuaattiioonn
PPrroocceessss...
""WWhheenn tthhee BBaannkk hhaass ttoo SSaayy NNOO""
Pay History, Personal Credit,
Tax History, Time In Business
(TIB) Begin to Paint the
picture
Business Revenues, Earnings,
Trade History, Debt, Cash
Flow/Reserve
Secondary Market Value,
Equity Contribution,
Business Usage
Requirements
The Business Environment,
Opportunities, and
Challenges the Owner Faces
The Owner(s) Investment in
the Company and the Type
of Equipment Being
Financed
Business Credit Providers have been well grounded in the 5c's of
Credit Evaluation for decades. Think of the Credit Evaluation
Process as a big sliding scale.
If the business has strong equity in the equipment, more
consideration can be given to personal credit challenges. If there
is more TIB and stronger personal credit, more consideration can
be given to the equipment that has weaker secondary market
value.
Each lender evaluates their own requirements, exceptions,
limitations and off-setting factors. Factors such as the nature of
the business, the industry, the industry segment, amount
invested in the down-payment and the "story" behind the deal.
We help manufacturers, dealers, vendors and their customers
get funding for business-essential equipment. We help when
others can't or won't. All credit situations are welcome.
Contact us today for a courteous and confidential discussion
about how we are helping others get needed equipment.
The CashXchange Group
800-313-6433
jacobs@cashxchangegroup.com
www.cashxchangegroup.com
Working Capital
Equipment Lease-Financing