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Doctor, Dentist and Physician, New and Used, Machine, Equipment Financing and Leasing, Application Only and Full Documentation Programs

By: J.M Luna


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Doctor, dentist, and physician, new and used, machinery, equipment lending is still obtainable in today's existing day’s financial markets. In this article, we are going to address some application only programs that are obtainable up to $125,000 and complete documentation packages up to $250,000.

In today’s marketplace, countless lenders have either run out of money to loan or must liquidate their off lease inventories to generate working capital. Additionally, selected institutions are no longer in business due to these difficult economic times.
This economic crisis has affected everyone including banks and institutions. The obtainable programs described here include you locating your own medical and hospital equipment and bringing it to a standard bank for leasing

The requirements for application only programs up to $125,000 are the following:

“A” Credit requires the following: Up to $125,000
• 5 years TIB time in business under present-day ownership
• 700+ credit score
”B” Credit requires the following: Up to $75,000
• 0-3+ years TIB time in business under present-day ownership
• 650-700 credit score
The rates on A and B paper will be slightly different

Additionally, a filled out lease application dated and signed by the owners and summary page of the last three months business bank statements will get the doctor, dentist, physician lending process started.

A copy of an invoice, purchase order etc would be essential from the qualified dealer. Furthermore, additional information might be necessary but this is taken on a case by case basis.

For leasing up to $250,000, these are the following requirements:
• 5 years TIB time in business under present ownership
• Complete Financial Package is mandatory will ALL applications • 675+ credit score
• Low 5 Average bank balance with no NSF’s or Overdrafts

In addition, the details of this doctor, dentist, physician financing program is listed beneath if a Corporation of any kind

1. 2 current years corporate tax returns (COMPLETE WITH ALL SCHEDULES AND ATTACHMENTS)
2. Last 2 years profit & loss statements
3. Last 2 years evaluate sheets
4. Year to date profit & loss statements
5. Year to date balance sheets
6. 2 current years personal tax returns for ALL owners (COMPLETE WITH ALL SCHEDULES AND ATTACHMENTS)
7. Current signed and dated personal lending statements for ALL owners 8. COMPLETE application with ALL owners information and signatures

(if a Sole. Prop.)
1. 2 current years personal tax returns (COMPLETE WITH ALL SCHEDULES AND ATTACHMENTS)
2. Current signed and dated personal lending statements
3. Last 2 years profit & loss statements
4.. Last 2 years balance sheets
5. Year to date profit & loss statements
6. Year to date balance sheets
7. COMPLETE application with ALL owners information and signatures

Once again, a signed and dated lease application would be obligatory} to acquire the leasing process started. A copy of an invoice, purchase order etc would be required from the qualified dealer. In addition, other information be might be required but this is taken on a case by case basis.

This application only and full documentatio program would apply to following types of healthcare professionals:

Cardiologists, Radiologists, Dentists, Doctors, Physicians, Urologists, Vets, Surgeons, Physical Therapists, Neurosurgeons, OB/Gyns, Oncologists, Physical Therapists, Plastic Surgeons, Oral Surgeons, Proctologists, Oral Surgeons, Family Doctors, All MD’s, Cardiovascular Surgeons, etc

In addition, the types of medical and hospital equipment that would qualify under this application only and full documentation lending programs would be:

X Ray equipment, Bone Imaging, Cat Scans, Cardiac Monitors, MRI and Imaging equipment, Lasers and Monitors, Ultrasound equipment, Radiology equipment, Surgical tables and lights, anesthesia machines and vaporisers, microscopes, other types of medical equipment etc

In these challenging economic times, there is still conventional lending available for the qualified doctor, dentist, physician applicant.

Happy hunting for your doctor, dentist, and physician, machine, equipment purchase and its related financing..

Article Source: http://depositarticles.com/

J.M Luna has thirty years in the financial field. This includes financing, leasing, hard asset money and commercial lending. U.S Corporate Capital Leasing assists the start up and seasoned businesses for all its doctor, dentist and physician financing needs.. www.cclgequipmentleasing.com/lease_medical.htm www.cclgequipmentleasing.com

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