New Small Business Equipment Financing Program From Viking Equipment Finance

Viking Equipment Finance announces a much needed equipment financing solution for small business owners that have been turned away from conventional bank financing options for transactions of $50,000 to $500,000 if the company has been in business for 3 years or more.

Plano, United States – April 12, 2017 /PressCable/ —

Viking Equipment Finance is pleased to announce a new equipment financing program for small business owners unable to obtain bank financing. The new program is available for companies that have been in business for 3 or more years if the borrower has a 620 FICO score or better and has a need to finance new or used equipment for transactions from $50,000 to $500,000.

Since the financial collapse of 2008 small business owners have struggled to find cost competitive equipment financing alternatives, especially for transactions in the $50,000 to $500,000 range. This program will allow borrowers to finance equipment up to $100,000 by completing an application and providing the last 3 months business bank statements, which simplifies the entire process for the borrower. For transactions of $100,000 to $500,000, borrowers will need to provide the last 3 years of financials to support the financing amount requested.

Specific program details can be found at https://www.vikingequipmentfinance.com/small-business/.

This program is available for most industries and types of equipment including agricultural, construction, industrial, manufacturing, medical, pharmaceutical, shipping, transportation and more.

The new program complements the company’s current offering, which is focused on large scale heavy equipment financing for transactions of $500,000 to $50 million. The demand for equipment financing solutions in the $50,000 to $500,000 ticket size has been largely under served since 2008. The company recognizes an opportunity for its construction equipment financing program to gain considerable market share as the economy improves said Jim Buckingham, Director of Business Development.

About Viking Equipment Finance:

Viking Equipment Finance is a privately held commercial equipment finance intermediary focused on building relationships with borrowers seeking an alternative to traditional bank lending options. The company’s specialty is competitive “outside the bank” senior debt solutions for companies seeking to acquire, refinance or complete a sale-leaseback of equipment and machinery.

Contact Info:
Name: Jim Buckingham
Email: jim@vikingequipmentfinance.com
Organization: Viking Equipment Finance
Address: 7001 Parkwood Blvd Suite 3123, Plano, TX 75024, United States
Phone: +1-612-642-1888

For more information, please visit https://www.vikingequipmentfinance.com/

Source: PressCable

Release ID: 185872