In many cases we can provide financing for damaged credit, bad credit, or startups if you can show additional or supplemental income. This income can be either strong positive cash flow or additional outside income such as a working spouse, rental income, retirement income, etc. Income based financing for bad credit normally requires a 10-15% down payment. MORE >
Additional Collateral Option
Many times financing for bad credit can be overcome with additional collateral. Collateral is normally in the form of other equipment you own in the same line of business. Additional collateral for bad credit financing generally has to be less than 10 years old and in good working order. Additional collateral can also be in the form of stocks, bonds, certificates of deposits, or equity in real estate. MORE >
Our Repo Equipment Option
We deal with banks and financial institutions across the country so we can offer 200-300 trucks, construction equipment, machine tools, etc that have been repossessed or come back off lease. Since the banks are very motivated to move this equipment they are willing to extend financing on the equipment to those who may have damaged credit, bad credit, or are just starting. MORE >
The Application Process For Damaged or Bad Credit Equipment Financing:
To determine if we will be able to help you with your equipment financing needs is simple! To apply we will need the following:
- One-page financing credit application
- Last Three months of company bank statements (personal ok if a start up company)
- Invoice or Proposal for the equipment you are financing
If you have damaged credit, bad credit, or you are starting a company and you need equipment financing or equipment give us a call.
Call For Bad Credit Financing Today!
Equipment Financing For Bad Credit!
The bad economy has damaged many business owners credit & company credit. IFS realizes that as things pick up there is a need to provide bad credit financing for those companies which were hurt but now are looking to replace, upgrade or add new equipment. Our 3 Equipment Financing Solutions For Bad Credit:
Additional Collateral Equipment Financing
Supplemental Income Equipment Financing
Our Off-Lease Equipment Inventory With Financing
