Application Only Program
Our “Application Only” program is a fast, hassle-free way to obtain almost any type of equipment costing from $10,000 to $150,000. Due to American Capital Group’s financial structure we can fund up to $150,000 with just our 1 page application form
Benefits
No Financials Require
- One page application
- Quick turnaround
- NO financial statements, no business plan, no projections required
- NO down payments - Two advance payments due upon signing paperwork
Required Information
Basic Information
- Business name & address
- Bank reference
- Ownership breakdown
- General equipment list & cost
Terms / Structure
Lease Duration
- 18 to 60 months
Pricing
Based on Credit Tier Approval
| Minimum Credit Criteria | $10,000 to $74,999 | $75,000 to $150,000 |
|---|---|---|
| Time in business under current ownership | 3 Years | >5 years |
| Average bank balance | N/A | $10,000 |
| Time bank open | N/A | 2 years |
| Minimum D&B Paydex | 55 | 65 |
| Comparable term credit | 50% | 70% |
| Majority owner must be a home owner | Yes | Yes |