Capital Equipment Leasing strives to make the application process as simple as possible. Before submitting your application we recommend that you review the credit requirements outlined below:

Application Only Requirements

$5,000 - $75,000 in equipment cost.

Minimum 2 years time in business. (Less than two years will be considered on a case by case basis.)

Satisfactory personal credit of all owners with 10% or more ownership stake. (Credit bureaus provided by Equifax, Experian, and Transunion)

Satisfactory business credit. (Provided by Dun & Bradstreet)

Satisfactory bank with an average balance of:
Low 4 ($1,000 - $3,000) for $5,000 - $25,000 in equipment
Mod 4/High 4 ($3,001 - $9,000) for $25,001 - $50,000 in equipment
High 4/Low 5 ($9,001 - $14,000) for $50,001 - $75,000 in equipment

This is just a guideline.

Three satisfactory trade references.

Directory assistance on lessee and vendor must be verified through internet or phone directory assistance.

All Request for $75,000 or more will require a full financial package.

Special Consideratons

SPECIAL CONSIDERATION FOR MEDICAL PROFESSIONALS, DENTISTS AND OTHER NONMEDICAL PROFESSIONALS

DOCTORS
0-3 years in business will consider up to $75,000 in equipment.
3 years or more $100,000 in equipment.

DENTISTS
0-5 years in business will consider up to $75,000 in equipment.
5 years or more $100,000 in equipment.

OTHER PROFESSIONALS
(Attorneys, Certified Public Accountants, Optometrists, Podiatrists, Pharmacists and Veterinarians)
0-2 years in business will consider up to $35,000 in equipment

Business Restrictions

All business need to have been in business for 2 or more years. Any business less than 2 years old will be looked at on a case-by-case basis.

Restaurants & Bars require 3 or more years in business to be considered.

Totally Restricted Industries (will not consider for any equipment)

Internet Company
Internet Service Providers
Pornography
Route Vending
Trucking
Gambling
Import / Export
Vehicle Transportation
Tanning Salons