Kingswood Equipment Plus Cash Auto-Express Program
In today’s lending environment it is often difficult for small to mid-sized businesses to easily access working capital for their business growth opportunities. We recognized this at Kingswood, and are excited to offer a brand new program that enables us to automatically qualify an equipment buyer for a working capital loan. Now, if you have received an approved credit decision in the last 90 days to buy a piece of equipment, you are automatically pre-approved for an additional working capital loan of $10,000 – $25,000. No additional credit check is needed, however, certain guidelines and restrictions apply.
- Must have an approved decision within the last 90 days
- Minimum time in business must be greater than 2 years
- Minimum FICO score of 649
- Minimum bureau history must be greater than 10 years
- Annual revenues must exceed $300,000
- Must not have an outstanding working capital loan
- This product is restricted in the following States: CO, CT, MI, MT, ND, NJ, NV, NY, RI, SD, VT
- Restricted Industries: Adult Entertainment, Agriculture, Asset Management, Auto Dealerships, Churches, Collection Services, Consulting, Credit Repair Companies, Day Trading Enterprises, Federal Government, Financial Services, Gambling Companies, Legal Profession, Medical Marijuana Dispensaries, Non-profit, Owner/Operator Trucking Businesses, Tax Preparation Services, Wholesale
These guidelines are only for the Auto-Express program, and in no way disqualifies you from other working capital options we can provide you. If you need additional working capital, we can arrange for a higher loan or line of credit, up to $250,000. This can be approved and funded within 48 hours with some additional information.
We appreciate the opportunity to provide financing for your business. Please contact us to discuss any finance needs you might have.