Deal of the week!!
This week`s featured deal was a client who needed financing for factory manufacturing equipment. Our client had applied for financing in the past only to receive declines because of a low beacon score and poor credit history. The equipment financing allowed our client to purchase the equipment they needed to full fill a new contract they had been awarded by a large client in the industry that they serve. Our client was very happy that we were able to assist them with this transaction and ultimately the growth of their business.
Credit Score: 550
Equipment funded: Industrial sewing machines
Equipment Value: $18,500
Additional Collateral: None required
Deposit/Upfront: $3500
Homeowner: Yes
Newfound Capital Corp is a proud member of the Canadian Finance and Leasing Association (CFLA)
Call us today for a free quote on your next lease purchase. Or email us at credit@newfoundcapital.ca
