Equipment Finance

 

Coast Commercial Credit can help you finance the acquisition of equipment or other capital assets for your business. Whether you’re expanding your product line, updating your equipment, expanding or starting a new business, Coast Commercial Credit offers custom lease and purchase solutions tailored to meet your business needs.

Equipment Finance

Product Type	Lease	SBA LOAN
Use of Funds	Acquisition of New or Used Equipment & Installation
Loan Amount	Up to $500,000	Up to $2,000,000
Repayment Term	Up to 84 Months	Up to 120 Months
Collateral	Equipment Financed
Loan to Value	Up to 100%	Up to 80%
Options / Benefits	Simplified Application Process Fixed Payments Lease Purchase Options $1, 10% or FMV	Longer Amortization Fully Amortizing Higher Dollar Amount

Items Needed to Process Application

Time In Business / Amount	Lease	SBA Loan
Over 2 Years in Business Up to $75,000	Application – Only Up to $75,000	Application – Only Up To $15,000
Less Than 2 Years in Business Up To $15,000	Application – Only Up to $15,000	Application – Only Up To $15,000
Lease Requests Over $75,000 and Start-Ups and SBA Requests Over $15,000	Credit Application Personal Financial Statement 2 Years Personal & Business Tax Returns Year to Date Financials Equipment Invoice/Proposal	Credit Application Personal Financial Statement 3 Years Personal & Business Tax Returns Year to Date Financials Equipment Invoice/Proposal

 

Select FORMS for Credit Application and Supporting Documents.

For more information on the Equipment Finance Program, contact:

Michael Ford
U.S. Toll Free: 800-400-0365
Facsimile: 888-400-0365