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What factors are used to determine credit worthiness? Will my lease be approved?

April 26, 2017Approved credit determine factors lease Used worthiness

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What factors are used to determine credit worthiness? Will my lease be approved?

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• Length of time in business • Type of business • Financial condition • Credit evaluation or reports • Bank and/or trade references • Payment record with FLB • Type & brand of asset Top 17. How much money do I have to pay up front? Leases can be structured with no advance payment, down payment or advance payments. Security deposits can be applied toward the purchase of the equipment at lease end or returned to you either when little is passed to you or with return of the equipment to FLB.