What does this loan finance: Working capital. Leaseholds and Equipment
Minimum Amount: $15,000.00
Maximum Amount: $350,000.00
Business Structure: Must be incorporated
Who can apply: Must have minimum 650 credit score and be a Canadian Citizen
What type of Business: Start up or Existing Businesses
Equipment Financing Program Provides Small & Mid-Size Businesses With Capital To Grow!
Our understanding of small & mid-size businesses enables us to get you the equipment you need or launch a new location to grow your business.
About Our Equipment Financing Programs:
Many payment options available
Loans ranging from $10,000—$5,000,000
For new and existing businesses
A decision in 5 business days or less, funding in a little as 14 business days.
Purchasing furniture and fixtures
Expansion of your business
The Equipment Must Meet Three Core Criteria:
The equipment must be ESSENTIAL to the core business
The equipment must be CONSISTENT with borrower’s industry
The equipment must be INCOME-PRODUCING or supportive of the income producing activity of the business.
Examples Of Industries and Equipment Include:
MEDICAL: X-rays, exam tables, oxygen concentrators
PROFESSIONAL: Computers, phones, furniture
MANUFACTURING: Forklifts, routers, scanners
CONSTRUCTION: Loaders, containers, backhoes, etc.
AUTOMOTIVE: Tire changers, lifts, alignment machines
RESTAURANT: Ovens, ice machines, refrigeration
HOSPITALITY: Beds, televisions, medical equipment
RETAIL: Point-of-sale systems, security, racks
SERVICE: Washers, lawn mowers, printers
There is no faster, safer or easier way to get cash for your business. Spend it any way you see fit; flexible financing on your terms.
Merchant Cash Advance is a great financing option for small businesses.
This alternative business financing was created specifically to overcome traditional financing options that complicate the approval process with long waiting periods, spending restrictions and high decline rates. Fast Approvals Within 48 hours… Getting You The Cash You Need Within Days!
Cash advance based on credit card sales or bank deposits
Loans ranging from $10,000 – $500,000
4 – 24 mth terms
Use money for any purpose
Approvals in 48hrs or less…Fundings within 7 business days
Any credit profile
No open bankruptcy
Direct deposit into your bank account
* Rates and Programs subject to change without notice
Copyright 2013. Verico Mortgages Inc. All rights reserved.