Corp Only

Your customer is an established business with multiple owners. It may be privately held or publically traded. We review the financial strength and management capability of the business. We talk with an office who can answer our questions so that we can underwrite the credit without asking for personal guaranties.

Broker's responsbility: Know your customer, vendor and equipment. Provide a complete financial package including projections.

Large private firms
Publically traded companies
Non-profits

Acquisitions
Credible turnarounds
Affiliate guaranties

Example: Non-profit preschool

Equipment: School improvements and classroom buildings
Size: $155,000
Term: 60 Mos.
Structure: First + Last

Hurdles to transaction:

Small school: 215 students
Mediocre collateral value
Financials not audited

Reasons for approval:

35 years in operation, same management team
Reviewed financials & tax returns show school is well managed
Strong cash position, not leverage
Excellent D&B and Paynet ratings
Consistent enrollment
Good interview

Summary:
School needed approval ASAP before school started in September. We got it done.