The following categories are what we look for in determining your payment. At Elite Commercial Lending, we offer equipment leasing on A-D credit depending on the total scenario.

Many clients wonder, "Why should you lease?" Well, our answer to this would be that you have a choice of acquiring your asset(s) in a couple of different ways. You can pay cash, get a bank loan or you can lease the asset(s) and keep your cash in the business liquid. Please see the "Benefits of Leasing."

Here are a few items that we consider when you apply for a lease…….

Time-In-Business :
We prefer our applicants to have a long-standing, profitable operating history. Generally speaking, the longer a company has been in business, the more competitive their monthly payment will be. However, we will work with start-up companies as well.

Corporate Pay History :
We like to see a business pay bills in a consistant, timely manner. Providing us with viable bank & trade references for your business is an excellent way to demonstrate a strong corporate pay history. The quality of your corporate pay history can often result in more competitive monthly payments.

Personal Pay History :
For privately held businesses, an owner's personal pay history is a strong indicator of the corporation's pay practices. Personal pay blemishes, bankruptcy, judgments and/or liens may have an impact on your business' perceived credit risk. In general, the cleaner the personal credit of the business' principal owners, the more competitive your monthly payment.

Equipment :
You are more likely to receive a competitive monthly payment if your lender is comfortable with your equipment and vendor.

Transaction Size :
Each bank has a "comfort zone" of transaction size in which it conducts business. We at Elite Commercial Lending know our banks and which ones are comfortable with different size leases.

Lease Terms :
The quicker you repay your lease the better. The larger your down payment the better. Shorter lease terms and larger down payments typically result in a more competitive lease payment. However, most of the leases we do consist of 100% financing.

Financial Reporting :
The more financial information you can provide us about your company, the easier it is for us to evaluate the credit risk. Accuracy and reliability in your financial reporting is also important. Providing us with accurate and appropriate financial information can assist your company in receiving a more competitive monthly payment.

Financial Performance :
Lenders like to see strong cash flow. Lenders also like to see businesses retain reasonable portions of their profitability in the company. Generally, the more profitable and well-capitalized your company, the more competitive your monthly payment is likely to be.