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1 | APP-ONLY Programs | #VALUE! | Financial Pacific | Channel | Navitas | North Mill | Apex Commercial Capital | Targeted | Alliance Funding Group | Ailco | Quality Equipment Finance | CH Brown | Centra | Blue Bridge Financal | Rapid Capital | Keystone Equipment Finance | ||||||||||
2 | Q1 2025 | |||||||||||||||||||||||||
3 | Amount considered | $15k-$200k | $15k -$150k | $15k -$350k | $15k to $300k | $15k to $250k | $15k -$175k | $50k-$500k | $15k-$100k | $30k- $150k | $15k-$150k | $15k - $250k | $20k-$250k | $15k-$100k | $15k-$250k | |||||||||||
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5 | Time in Business | 2+ <$50k, 5+ for >50k | 2+ years <$50k, 3+ <$75k, 4+ <100k, 5+ <$150k | 2+ Full Years | 2+ Full Years | 2+ Full Years | 2+ Full Years | 2+ Full Years | 2+ Full Years | 2+ Full Years | 2+ Full Years | 2+ Full Years | 2+ Full Years | 2+ Full Years | No Restrictions | |||||||||||
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7 | Start-ups | $45k max, No restaurants, Automotive Services, or Religious organizations | Not Available | $25k Max 700+ FICO | Yes, 3 years industry experience required, $150k Max | Not Available | Not Available | Not Available | Yes, Industry Experience Required | Yes, 725+ FICO, 20% Down Requires 2 year of industry experience and financials | Not Available | $25k Max, 3 months banks, 675+ | Yes | Not Available | Yes | |||||||||||
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9 | Personal Credit | Scores | 620 + | 650+ | 660+ | 600+ | 640+ | 625+ | 650+ | 675+ | 650+ | 625+ (Sweet Spot 660+720) | 590 min ; 680+ for A credits | 610+ | 625+ | 600+ | ||||||||||
10 | Total Trade lines | 5 | 5 | 5 | 6 | 5 | 7 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||||||||
11 | Time in file | 5 | 5 | 5 | 5 | 5 | 7 | 5 | 5 | 5 | 5 | 2 | 7 | 5 | 5 | |||||||||||
12 | Home Ownership Requirement | No | No | Preferred | For specialty programs | No | No | No | No | Can Help | For Noncitizens | No | No | Can help | Helps, not Required | |||||||||||
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14 | Paynet | Masterscore | N/A | 640+ | 70 Paydex (use DnB) | 600+ | 640+ | N/A | 620 | N/A | 600 | N/A | Required but no published min. | 640+ For Teir 1 and 1 A | N/A | Case by Case | ||||||||||
15 | Comparable Installment Borrowing | >50k = 50% | > $50k -50% | 75% comparable | 50% comparable | 50% comparable | Over 100k Comp borrowing | Required | N/A | 30% Comparable | 60% business debt comp | 50% - 75% depending on amount | 50% Comparable with 1 year pay history | N/A | Helps, not Required | |||||||||||
16 | Corp Only | Not Available | Not Available | 5 years in business; 70 Paydex; Not closely held | 3 years TIB, 650+ Paynet Masterscore, 24 mos of age on 70% comparable account,hard assets only (no specialty programs), 14.25% rate | Yes, 5+ years TIB, Annual Sales>$1MM, $15k to $100k without financials | Not Available | Yes, 5+ years TIB | Not Available | Not Available | Not Available | Not Available | 3 years TIB, 640+ Paynet, 2 years Comp Borrowing with no slows | Not Available | Corporation (no LLCs/DBA) with 2 full years in business, and dependent on strong financials | |||||||||||
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18 | Bank Statements | Not Required | >50k or transportation, full Statements | Transactions >$75k, full Statements | Case by Case Basis, full Statements | Yes, Full Statements | Required: Logging, Restaurants, Hotels, < 3 years TIB, and case by case; Full Statements | Case by case basis; full Statements | Required; full Statements | 3 Months complete statements, looking for >$10k balances | Required except trailer deals <75k; Full Statements | Required if FICO<640, start ups, or >$50k; Full Statements | Required lower FICO and short TIB, Start Ups, Transportation, or over> $100k; full Statements | Required; Full Statements | Start-Ups and $60k> | |||||||||||
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20 | Collateral Age | No age restrictions | 20 year yellow iron or other equipment; <10 years for Trucks (<450k miles for sleepers,<350k miles for other trucks) | Titled <10 years/150k miles | Contact BSB for more Info | <10 years | No restrictions/ may limit term | New or Used | New or Used (Within Reason on age and mileage) | No Restrictions/May limit Term | 15 years | <10 years | No Formal Restrictions | No Restrictions | <10 years and 700k miles | |||||||||||
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22 | Specialialty Products | Private Party Sales | Yes | Yes on titled (No Lien) | Titled only, no payoffs | Yes no payoffs | Restricted | Yes, Vehicles, construction and manufacturing equipment only | Yes | Yes | Yes | Titled, $50k> | Restricted | Yes | Yes | No | ||||||||||
23 | Sale Lease Back | Yes | Yes (<30 days) | Will consider < 60 days of purchase | Yes | Restricted | Yes, must New equipment < 1 mos since purchase | Restricted | Restricted | Yes | Restricted | Restricted | Yes | Restricted | No | |||||||||||
24 | Hard Asset Working Capital | Yes, 5 years TIB $50k Max | No | No | Yes | No | No | No | No | Yes | No | No | Yes | No | No | |||||||||||
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27 | Titled Vehicles | Trucking? | Long Distance- 6+ years TIB, Fleet > 3 power units; Local- 6+ years TIB | Restricted | Local Trucking only | Owner Operators accepted, Startups with 3 years Industry Experience | Restricted | Local Trucking only: Fleet 3 trucks, 3+ years TIB, >650 CBR, Banks required | Interstate- 5+ in fleet, Intrastate- 3+ in fleet | 2 years TIB and 6 in fleet | Yes, See Transportation Program Sheet | Yes, Owner Operators accepted | Local Trucking Only, No Class 8s | No | Yes | Yes, Owner Operators accepted | ||||||||||
28 | Vocational? | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes but no Tow Trucks | Yes | Yes | Yes | |||||||||||
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30 | Restricted Industries | *Not all Inclusive. | Adult Entertainment, Marijuana, Gaming/Gambling, Banking industries, Virtual Currency | Adult Entertainment, Agriculture, Automotive Dealerships, Firearm Manufacturers, Forestry, Gaming, Marijuana, Mining, Non-profit, Tanning, Tatto and Massage Parlors, Construction | Adult Entertainment, Agriculture, Cannabis, Forestry, Gaming, Mining, Oil & Gas, tanning, OTR, Med Spa | Adult entertainment, Cannabis, Software, Gaming, Rail, Salons, Vending | Vending, Gaming, Fad Medical, Nail Salons, Oil&Gas, Restaurants, Amusement, Transportation | Interstate Trucking, Oil & Gas, Med-Spas, Massage Therapy, Tanning, Gyms, Churches, theaters, Bus and Limo Services, Gaming, CBD, Marijuana, Car Rental, Bowling | Gun Shops, Marijuana Industry, Attorney Offices, Adult Entertainment, Financial Services, Gaming, towing | Adult Entertainment, Marijuana, Gaming/Gambling, Banking industries, Virtual Currency | Public Transportation, Livery, Cannabis, Gaming, Crypto | Marijuana, Vehicle Transportation, Amusement, Computers, Logging, Adult entertainment, Pharmaceuticals | Adult Entertainment, Crypto, Cannabis, Coal and metal mining, Gaming, Oil and Gas, Opioid, Towing, Trucking, Vending | Cannabis, Consumer Auto Rentals, Gaming, Crypto, Racing, Oil and Gas, Firearms | Adult Entertainment, Gaming/Gambling, Banking industries, Virtual Currency | Restaurants and Technology | ||||||||||
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32 | Restricted Equipment | *Not all inclusive. | Aircraft, Boats, Alternative Medical Therapy, ATMs, Gas Pumps, Glider Kits/Units, Golf Simulators, Injection Molds, Medical/Beauty Lasers, Leasehold Improvements | Aircraft, Aesthetic Lasers, Copiers, Boats, Invasive Medical Equipment, Leasehold Improvements. Software (New Only) Fixtures (Partially Restricted) | ATM Machines, Lasers, Aircraft, Boats, Refinances, Gaming, solar | Small gooseneck trailers for pickups, Airplanes, Boats, Glider Kits, Used Medical Equipment | Aircraft, Boats, ATMS, A/V, Copier, Fad Medical, Furniture, Kiosks, Leasehold Improvements, Signage, Tanning Beds, Sleepers, Gaming | Sleepers, Glider Kits, Servers | Med Lasers, towing | Aircraft, Boats, Alternative Medical Therapy, ATMs, Gas Pumps, Glider Kits/Units, Golf Simulators, Injection Molds, Medical/Beauty Lasers, Leasehold Improvements | Aircraft, Boats, Non-Serialized, Buses, Limos | Repossessed power units, directional drilling, Food trucks and trailers, trailers built for vehicle hauling only, salvage titles, maxxforce, navistar, and international engines, logging equipment | Trucking, Aircraft, Tow Trucks, Boats, Amustement, Beds, Concrete Forms, Coffee Machines, Copiers, Direct to Garment Printer, Gambling Equipment, Leasehold Improvements, Logging Equipment, Scaffolding, Vent Hoods | Decompression Tables, Gas Pumps, Inflatables, Kiosks, Servers, Software, Solar Panels, Spray Tanning Booths, Vending Machines | Aircraft, Boats, Alternative Medical Therapy, ATMs, Gas Pumps, Golf Simulators, Injection Molds, Medical/Beauty Lasers, Leasehold Improvements | Computers, Telephones, Restaurant, Drones, Soft Costs/Collateral | ||||||||||
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34 | State Restrictions | None | South Dakota | North and South Dakotas | None | California | None | None | Southern Florida, California, New York | Hawaii | Louisiana, and California | None | Alaska, D.C., Hawaii, North Dakota, Rhode Island, South Dakota, Vermont | Louisiana, California, Alaska, Hawaii; Preferred Region: Midwest | AK and HI Restricted, Rate Restrictions in MT and NY | |||||||||||
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36 | Cost of Funds Ranges | A | 8%-19% | 11%-13.25% | 9.25%-12.25% | 11.5%- 24% | 8.5%-11.25% | 10.75%- 14.5% | 10.5%-14% | 12.50% | Per Transaction | 9.50%-12% | 8.25%-12% | Per Transaction | ||||||||||||
37 | B | 12% to 19% | 13.25%-15% | 14.00%-17.25% | 16% to 24% | 11.25%-14% | 13.75%-17.5% | 14%-22.25% | 13.50% | 14%-22% | 13.75%-20.25% | 11.25%-16.5% | ||||||||||||||
38 | C | 17.50% to 33.75% | 16%-18.75% | N/A | N/A | N/A | 17.5%-24.75% | 22.25%-29% | 22.75%-31.50% | 16.25%-22.25% | ||||||||||||||||
39 | Start ups | 39.00% | N/A | 21.75% | 16% to 24% | N/A | N/A | N/A | 14% -22% | 17.25%-31.5% | 19.25%-22.75% | |||||||||||||||
40 | Rate Notes | Longer the TIB, generally the lower the rate. TIB >10 years tend to get the lowest rate. | Specialty Programs have different rate structure. | Generally quotes Payments and not rates | These are starting rates and end rates may be higher | Will be on the high end | ||||||||||||||||||||
41 | Max Commision | $15k- $50k -10 Points, $50,001- $75k- 10 Points, $75,001- $100k- 8 Points, >$100,001- 6 Points | $15k-$49,999- 10 Points $50k-$74,999- 10 points $75K- $99,999- 7 Points $100K- $150K- 4 Points | $15k- $49,999- 12 Points $50k- $74,999 -8 Points $75k- $99,999 -6 Points $100k - $250k - 5 points $250k+ -5 Points | 2.5-6 points, Special Industries have different commission schedule | $15k-$100k- 10 Points $100,001- $150k -6 points $150K- $250K -5 points | 15k- $100k- 12 Points $100,001- $250k- 7 Points | 10-12.5 Points | $15k-$24,999- 5 Points $25k-$100k -5 Points | <$50k- 5 Points $50,001-$150,000- 4 Points $150,001- $350,000- 3 Points | $15k- $75k- 10 Points $75,001- $150k- 6 points $150,001- $250k- 5 Points | $15k -$50k Tiers 1 and 2A- 11 Points, Tiers 2B and 3- 8 Points, Tiers 4, 5 and start ups- 8 Points, >$50k- 6 Points | $20k-$75k- 10 Points, $75k-$100k- 8 Points, $100k-$150k- 6 Points, >$150k- 5 Points | 4 points | 5 Points | |||||||||||
42 | Syndicator's Notes | Financial Pacific is a great source for deals with weaker personal credit, longer TIB, or older equipment. They are also a dependable source for Private Party sales. | Channel is great for deals below $75k when there is a lack of corporate borrowing. Their bundled working capital product is a great addition to the approvals that fit. | Navitas is a great source for A and B+ deals, franchises, corp only or rate sensitive customers. | North Mill has several great programs: Refinance, Cash out, and Hard Asset Working Capital. Large Dollar start ups with experience. | Apex is one of our newest sources that have provided great rates! Easy to work with team! They have tighter requirements but one of our best rate sources. | Targeted is a high paying source that accepts a wide range of equipment. | AFG is a great source for large deals. With their app only program being up to $500k and if the deal can be split into multiple schedules it can be more than $500k in some instances. They also offer up to 12.5 points on deals up to $500k. | Ailco accepts most equipment (new and used) and has lower rates than sources that consider as wide of a range of equipment. Offers lower commission. | Quality is a great source for the harder to get done deals. They generally go off mileage not age. More of a full story and financials source than credit scorecard. | CH Brown fits a spot in our offerings for titled deals with decent credit along with agriculture and construction. They also are willing to consider noncitizens with permenant residency. | Centra is a solid basic program that we have that covers many aspects of what we see along with being one of our few sources for med spa lasers and start up restaurants. | Blue Bridge has been going through some large changes in the program over the last few months so keep an eye out for updates. | Rapid Capital is a source that will accept storied credit, additional collateral, and will care more about the collateral than the credit. They are also willing to consider Cannabis deals. Prefer deals in the Midwest. | Transportation, vocational, and title vehicles are their forte. Money Down will be required and they are willing to look deeper to approve a good deal. *Hard credit pull required. | |||||||||||
43 | Disclosure Requirements | Florida, Georgia, Utah, and New York- Docced under FinPac and Points may be capped one or two lower; California- FMV or Disclosure needed | Florida, Georgia , Utah ,California , New York- has FMV and Structured FMV products or Disclosure Required | Lease to Own product for California, exempt from Florida, California, Utah, and Georgia Disclosure | Florida, Georgia, Utah,California, New York- has Trac Lease or FMV Products, otherwise Disclosure required | Florida, Georgia, Utah, and New York- Disclosure Required, California-N/A | Florida- Exempt , Georgia- Exempt , Utah-Exempt ,California and New York- Disclosure Required | Florida, Georgia, Utah,California, New York- FMV or Disclosure | Florida- Disclosure, Georgia- Disclosure, Utah- Disclosure,California-N/A , New York- Disclosure, | Florida-Disclosure , Georgia-Disclosure , Utah-Disclosure, New York-Disclosure | Disclosure Required | Florida- Disclosure Required , Georgia- Disclosure Required, Utah-Disclosure Required ,California- Disclosure Required, New York- Disclosure Required | Florida- Diclosure , Georgia- Disclosure , Utah- Disclosure ,California-N/A , New York- Disclosure, | CA and NY | ||||||||||||
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