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 Some
of our programs are for "start-up" businesses,
thus, there is
no
time in business requirement.
Other
programs require a business to be operating for at
least two
years
to be considered an "existing" business.
Although
our best programs are designed for business owners
with
a
quality credit history, we understand many credit-worthy
applicants
may
have some credit issues. Our experience and desire
to work
with
our customers has helped us develop advanced programs
for
many
levels of credit strength.
We
have specialized programs for the salon, spa and skin
care
industries
which allow for furniture, equipment, computers
(hardware
and software), phone systems, construction and inventory.
Usually
one or two payments upfront will be required with
the
completed
documentation package. Start-up programs require
a
security deposit.
BE
CAREFUL! By definition, the IRS has ruled that to
qualify as
a
lease, the payments cannot be broken into interest
and principal.
Therfore,
the term "interest rate" does not apply
to a true lease.
Subsequently,
some lease companies quote a "lease rate"
(which
is
NOT an interest rate and can be ambiguous). To accurately
compare
rates, we suggest comparing actual payments. In
general,
the
stronger your credit history and longer your time-in-business,
the
lower your payments may be.
Leasing
with Beneficial Capital can be very fast and simple.
Requests
for $75,000 can be approved in a couple hours after
receipt
of credit information. Documents are sent to you via
e-mail, over-night, or courier after your acceptance of the
approval
and terms. Once you sign and return the completed
documentation
package, a purchase order or pre-payment is
immediately
sent to your vendor requesting the equipment be
shipped
to your location.
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A
simple, one-page application completed and faxed,
mailed or