Here Are Some Of The Ways We Make Equipment Financing Easy…
Paperwork, Schmaperwork – App Only up to $250K!
Kingswood now has application only funding limits up to $250,000. That means less time and paperwork needed to get you the financing you want to make that next big equipment purchase. And typically these credit decisions are made within 2-4 business hours.
Minimum Ownership Requirements – Corp Only Options
Kingswood has options to secure businesses with established credit without a personal guarantor, an option called Corp Only. And for businesses without the established credit, Kingswood has options to secure financing with a minimum of 1% ownership. Either way, that means less time getting every owner’s signature to apply or to sign for financial documents.
When it comes to closing the deal for your equipment, almost no one wants to wait for paper documents in the mail any more. With eDocs financial documents can be sent instantly to your email address for signing.
The first payment will be due 90 days from the date of funding. For example, if a deal funds on December 15, the first payment will be due March 15th.
Certain restrictions apply, including, but not limited to: Startup restaurants, startup salons, ATM equipment, security monitoring agreements are not eligible.
Commercial customers only. Qualified businesses must have at least 2 years time in business to qualify.
The benefits for your customers are obvious. They can get the equipment they want now and use that equipment to earn money for 90 days before the first monthly payment is due. Tell your customers to keep their hard earned cash and let the new equipment earn they money to pay for itself!
This program is also very popular with equipment suppliers who can leverage this limited-time offer to help earn more business. Tell any customer that shows interest in the option that there is no cost or obligation to get approved.
How can I get my clients Approved for No Payments for 90 Days?
You and your customers can apply like normal. We simply need to know that your customer is interested in this option. If there is mention of No Payments for 90 Days on an application we will immediately begin qualifying for this program.
Don’t wait until it’s too late – Tell all your customers about this option and share our secure application to find out if they qualify. It’s that simple!
Equipment Financing, Bridge Loans, & Business Lines of Credit to get Businesses Back on their Feet
Kingswood Leasing has been around for 26 years and over the years has been witness to natural disasters that have affected many of our partners and clients. Sympathetic to the pain and suffering that was caused by these events, Kingswood has always taken every opportunity to do more than normal to help these people get back on their feet. That experience over the years has evolved into an established commitment to these individuals:
“I am developing a Kingswood Disaster Relief Program that will support the rebuilding of businesses affected by natural disasters.” ~ Clifford Metcalfe Jr., Owner & President, Kingswood Leasing, Inc.
Reduced Fees: We’ve negotiated with our banks to limit documentation fees to an absolute minimum to process paperwork.
Flexible Payment Options: Qualified buyers may choose from several popular payment options, such as No Payments Due At Signing or 90 Day Deferred Payments.
Giving Back: We will donate 1% of the total financed amount to the American Red Cross towards the relief effort of the applicant.
Businesses that have closed down have much more difficulty obtaining financing had they not had the calamity in the first place, it’s a fact of finance life. A less experienced finance professional may not take the time or know how to present a business that has experienced a natural disaster. Getting back on your feet is too important to risk. We suggest that you partner with an experienced finance professional like ourselves who can leverage over 200 years of combined financial experience to get these afflicted business owners the best terms available for their situation. Many finance companies either run away from or try to take advantage of these business owners. This finance company is running towards those in danger, and bringing to bear every available resource we can to get these business owners back on track.
We Want To Do Our Part, Tell Us How We Can Help
If you are a business owner in need of capital following a natural disaster, or know someone who is, please see our page and application customized for this program. This application asks some additional questions about the status of the business that will be relevant for the purposes of securing capital. And please do not hesitate to contact us should you have questions. We want to do our part, tell us how we can help.
Kingswood Leasing Is Proud To Support Louisiana Business’ Return After Great Flood of 2016
In August of 2016 torrential rains dumped three times as much water as Hurricane Katrina in certain areas of Louisiana. Thousands of homes and businesses were literally underwater with significant damage. One of those hardest hit businesses was Big Mike’s Sports Bar & Grill. The flooding forced the closure of the business during a year where they were expecting to break there previous year’s record breaking sales. Mike O’Neil, owner of Big Mike’s, immediately started rebuilding with the hope of reopening within 6 months, but cash flow dried up within 3 months, which put the future of Big Mike’s in jeopardy. An employee of Big Mike’s who was anxious about the return of the business, Emily Ashford, reached out to Jon Taffer via Bar Rescue’s website, and asked for help. Bar Rescue and Jon Taffer responded, flew to Denham Springs, and set a goal of reopening the restaurant within two months.
Taffer himself had concerns about the ambitious renovation and whether it could be finished on a two month schedule. Bar Rescue invested approximately $750,000 into Big Mike’s Sports Bar & Grill in October of 2016 to make it happen. Unlike most Bar Rescue businesses, this show wasn’t about rescuing a failing business, but a once thriving business that was devastated by the Great Flood of 2016. Kingswood Leasing was asked to secure approximately $85,000 in financing for the client in a very short time frame in order to fit into the production team’s schedule. The entire process from application to funding was accomplished within one week so that the new equipment Big Mike’s needed would be delivered and installed in time for the tv production crew’s filming schedule.
In the episode, titled “Bar over Troubled Water”, Taffer expresses his concern about the amount of work needed to do a complete renovation in less than 5 days. Taffer brought 50 crew members and hired 20 local laborers for the project, who worked around the clock for 5 straight days.
“In the end, I want Mike and Jocelyn to tell the people of Denham Springs that ‘if we were able to get back in business, so can you'” – Jon Taffer, Bar Rescue, Bar over Troubled Water
The one-hour episode premiered on Sunday, March 26th, and was watched by hundreds at the bar the same evening. At the end of the program acknowledgements were given to those that contributed to the cause, of which included Kingswood Leasing.
Here is a preview of the episode:
Kingswood Leasing is proud to support Big Mike’s Sports Bar & Grill. We couldn’t be more pleased that everyone trusted us to do our small part to make this a great story for the O’Neils. We congratulate everyone who helped make this possible and look forward to seeing this local community happy and thriving again.
A collection account reported to your credit bureau and is negatively impacting your credit score. You may have worked out a payment plan with the company or negotiated to pay off the account for less than the balance owed. These companies have little incentive to fairly and accurately report to your credit bureaus. This is a violation of the Truth in Lending Act, however, violations are rarely prosecuted.
When our client’s sign up to have their credit scores maximized with our credit repair services, one of the first actions our credit repair executives take is to aggressively seek a permanent deletion of the account as it pertains to the Fair Credit Reporting Act. The way the bureaus score collection accounts makes this the best option to pursue because even updating the information on this tradeline could potentially lower your score, even if you are paying as agreed. The most effective way to increase one’s credit score that is being negatively impacted by a collection agency is to remove that tradeline from your records altogether.
Do You Have Collection Accounts On Your Bureau?
Don’t live with collection accounts bringing your credit scores down. Your credit score is your first, best option to secure capital and assets. It is too important to be left in the hands of people working at collections agencies. Contact us and we will work to delete these negative accounts and increase your credit score.