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Conventional Medical Equipment, New And Used, Financing And Leasing

Traditional medical equipment, used and new, lending and leasing is stillaccessible in today’s financial markets. In thiscritique, we are going to deal with some application only programs that are existing up to $125,000 and full documentation packages up to $250,000. In today’s market, many banks have either run out of money to loan or musteliminate their off lease inventories to generate working capital. Furthermore, some banks are no longer in business due to these tough economic times.

This economic calamity has affected everyone including banks and lenders. The accessible programs described here include you locating your own medical equipment and bringing to a conventional lender for leasing

The requirements for application only programs up to $125,000 are the following:

“A” Credit requires the following: Up to $125,000

• 5 years TIB (time in business) under current ownership
• 700+ credit score
”B” Credit requires the following: Up to $75,000
• 0-3+ years TIB (time in business) under current ownership
• 650-700 credit score
The rates on A and B paper will be slightly different.
Additionally, a filled out lease application dated and signed by the owners and summary page of the last three months business bank statements will get the lending process started.

A copy of an invoice, purchase order etc would be required from the qualified dealer. Additionally, other information might beobligatory but this is taken on a case by case basis.

For financing up to $250,000, these are the following standards:

• 5 years TIB (time in business) under current ownership
• Full Financial Package is required will ALL applications • 675+ credit score
• Low 5 Average bank balance with no NSF’s or Overdrafts

Furthermore, the details of this program is listed below if a Corporation of any kind)

1. 2 current years corporate tax returns (COMPLETE WITH ALL SCHEDULES AND ATTACHMENTS)
2. Last 2 years profit & loss statements
3. Last 2 years balance sheets
4. Year to date profit & loss statements
5. Year to date balance sheets
6. 2 current years personal tax returns for ALL owners (COMPLETE WITH ALL SCHEDULES AND ATTACHMENTS)
7. Current signed and dated personal financial statements for ALL owners 8. COMPLETE application with ALL owners information and signatures

(if a Sole. Prop.)
1. 2 current years personal tax returns (COMPLETE WITH ALL SCHEDULES AND ATTACHMENTS)
2. Current signed and dated personal financial statements
3. Last 2 years profit & loss statements
4. Last 2 years balance sheets
5. Year to date profit & loss statements
6. Year to date balance sheets
7. COMPLETE application with ALL owners information and signatures

Once again, a signed and dated lease application would be essential to get the financing process started. A copy of an invoice, purchase order etc would be mandatory from the eligible seller. Also, other information be might be mandatory but this is taken on a case by case basis.

This application only and full documentation program would apply to following types of healthcare professionals:

Cardiologists, Radiologists, Dentists, Urologists, Vets, Surgeons, Physical Therapists, Neurosurgeons, OB/Gyns, Oncologists, Physical Therapists, Plastic Surgeons, Oral Surgeons, Proctologists, Oral Surgeons, Family Doctors, All MD’s, Cardiovascular Surgeons, etc

Furthermore, the types of medical equipment that would qualify under this application only and full documentation financing programs would be:

X Ray equipment, Bone Imaging, Cat Scans, Cardiac Monitors, MRI and Imaging equipment, Lasers and Monitors, Ultrasound equipment, Radiology equipment, Surgical tables and lights, anesthesia machines and vaporisers, microscopes, medical equipment etc

In these complicated economic times, there is still conventional banking available for the qualified applicant

Happy hunting for your medical equipment and related {financing..
|leasing|lending}

By: J.M Casa

Article Directory: http://www.articledashboard.com

J.M Luna has over thirty years experience in the financial field. This includes leasing, accounting and taxes, hard asset money and commercial lending. U.S Corporate Capital Leasing assists the start up and seasoned business for finaning in all different industries. www.cclgequipmentleasing.com/lease_medical.htm www.cclgequipmentleasing.com

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