GREENMAN
FUNDING
Commercial Mortgages and Equipment Leasing
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Commercial Mortgages and Equipment Leasing
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Construction Permanent Bridge Loans Mezzanine Hard Money Project Fin. SBA 7a SBA 504
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GEMCO LEASING APPLICATION ONLY PROGRAM Transaction Size: $10,000 to $75,000 Equipment: Most equipment accepted; new and refurbished Lease Term: 12 to 60 months Lease Structure: $1, FMV or 10% buyout Credit Criteria: 3 years in business (2 years with excellent credit) Personal guarantees of all 20% owners Minimum FICO score of 650 Clean D & B; no judgments, liens, or bankruptcies Paydex above 50, preferably above 70
Submission Requirements: 1) Completed GEMCO lease application. All required fields must be completed; legal name of the borrowing entity, years in business, corporate ID#, Social Security #s of owners, bank and trade references, legible signature, etc. 2) Detailed equipment list or purchase order must be provided. 3) Corporate & Partnership Structure: i.e. Names & SS# of all partners/members and percentage owned.
Suggestion: Provide a copy of your D&B to avoid problems and minimize inquires.
$100 doc fee required on all transactions.
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