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- What goes into determining a rate
What goes into determining a rate
If you want a better idea:
The financing options available for your business, we would be happy to speak with you.
By filing out an inquiry or calling us, we will ask you a few questions can give you facts about pre-qualifying. Please Don’t Worry! We do not sell your information or shop your personal information around!
Here are the factors an underwriter considers in determining rate:
- How long have you been in business?
- Are you a Start- up?
- What Industry are in? (Every industry has its own risk score)
- What your business’s monthly revenues?
- Have you financed Commercial Equipment before?
- What’s your personal credit score?
The fact is, there are many different lenders, investors and banks that out in the market place today who all have their own unique lending perimeters they follow. They all access risk differently and level of how much money they are comfortable lending to any business they call this exposure.
This is why at Easy Equipment Finance we have array of financing programs because not everyone fits into the same sandbox and Your Businesses Success is Our #1 Goal!
