This customer came in with some pretty banged up credit, but we were able to get an approval due to the strength of the asset.
We needed some money out of pocket, but this customer wasn’t able to get financing anywhere else and we were able to turn it around within less than 5 business days. Customer’s monthly rental payment was going to be $3500+/month, and we were able to do the deal for less than half of that.
EQUIPMENT:
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Equipment: 2022 JCB Loadall Manlift
CUSTOMER DETAILS:
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Time In Business: START UP
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Industry Experience: 3 years
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PG: 572, prior BK Discharged in 2017, Prior Repo 2015
TERMS:
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Price: $75,822
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Down Payment: $18,956
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Term: 60 payments @ $1,874
TURN AROUND TIME:
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Application: 1/2/23
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Approval: 1/3/23
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Funding: 1/5/23
