New Program (March 2017): Small business equipment financing, leasing, loans and sale-leaseback financing for companies that have been in business for 2-3 years with equipment finance needs of $25,000 to $500,000 and have 620 FICO credit scores or better.
Since the financial crisis of 2008 small business owners have had very few options, if any, when it comes to financing equipment since banks pretty much stopped lending to smaller companies. As such, Viking was primarily focused on transactions of $1 million+ for mid-size companies.
Recently we established a relationship a private investor with very competitive terms that is hungry to finance equipment for small business owners.
We are now excited to offer equipment finance solutions to small businesses under the following guidelines:
Requirement for Funding $25,000 to $100,000
(Equipment Finance Agreements (EFA’s) only)
For applications up to $75,000:
• Completed Application
• Equipment Invoice/Details/List
• 3 months bank statements
• 2-3 years time in business
• 620+ FICO score required
For applications up to $100,000:
• Completed Application
• Equipment Invoice/Details/List
• 3 months bank statements
• 3+ years time in business
• 650+ FICO score required
Requirements for Funding $100,001-$250,000
Full Financials Required
• Completed Application
• Equipment Invoice/Details/List
• Last 2 years’ corporate returns or audited statements
• Current interim financial statements & debt schedule
• Last 2 years’ personal returns on ALL guarantors
Requirements for Funding $250,001-$500,000
Full Financials Required
• Completed Application
• Equipment Invoice/Details/List
• Last 3 years’ corporate returns or audited statements
• Last 3 years’ personal returns on ALL guarantors
• Personal financial statements for ALL guarantors
*Funding requests on all levels must include proof of ownership and time in the business.
Please email ALL documents and a general overview of the request to [email protected]
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