Required Information

When filling out and submitting applications, it is essential to fill in all required information fields, and as many optional fields of information as applicable for the respective service required. Providing as much information as possible will significantly enhance the application and deal crafting process, and ensure that LFI trade center professionals structure the quickest and most cost effective service solution available.

Although the leasing, financing and equipment service related information contained in the online application captures many of the core components required to structure the full range of service based solutions, additional financial, business and/or corporate information is often required by both LFI trade center professionals and the diverse financing and equipment service provider alliances. The informational requirements involved for structuring transactions varies considerably depending on a number of factors including, but not limited to the following: (the type of leasing, financing or equipment service required; the overall extent and duration of the required service, type of equipment, location of equipment financing or service, required alliance partners, company credit rating, etc). No two transactions are ever alike, and for this reason LFI trade center account manager's work with each of our client's to specifically identify what, if any, additional information will be required to structure the optimal leasing, financing or service based solution.

The following is a brief requirement outline for different types of leasing, financing and service based transactions:

Standard Leasing and Financing Transactions (generally over $75,000):

  • Private and some Public Corporations normally require (a) last two years corporate income tax returns, (b) last two years fiscal year-end statements, (c) most current interim financial statement.

  • Small Business and Proprietorships normally require (a) last two years personal tax returns of principals, (b) personal financial statements of principals.

  • Partnerships normally require (a) last two years partnership tax returns, (b) personal financial statements of partners, (c) last two years personal tax returns of partners.

Venture Leasing and Financing Transactions:

  • Venture backed start-ups and early stage companies normally require the most additional information due to their high degree of risk, and often require many of the following: (a) a completed business plan, (b) copy of articles of incorporation and offering memorandum, if applicable, (c) most recent internally prepared financial statement, (d) completed LFI client profile detailing management, board of directors, venture backers, etc., (e) last fiscal year-end audited financial statement, if applicable, (f) two complete sets of product literature, press releases and related media material.

Equipment Related Service Programs:

  • Diverse Companies and businesses of all sizes requiring equipment related service solutions normally require the least amount of additional financial, business and company specific information, but depending upon the type of service required (i.e. equipment remarketing, valuations, physical inventory, disposition, domestic & international consulting, etc.) many may require a far greater consultative time with trade center professionals to ensure that all service requirements are adequately met by the service based solution to be structured.

The above information is provided as a standard guideline. Depending upon the specifics of each company or business, and the level of and type of service required by each prospective business client, the amount of additional required information can range from significantly less to much more. As detailed in the Application Process, an LFI trade center account manager will notify you upon receipt of your completed application, and discuss, the amount of additional required information needed, if any, to close and structure your transaction.



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