CompAmerica

 

 

Your computer
   equipment: 

one very serious
investment

get into a Cool Business Lease 


 
Business Credit Application

go to business credit application form >                         CONSUMER APPLICANTS: CLICK HERE!


To be considered by our Leasing Division for immediate business financing or if you would like to get pre-approved, complete the Credit Application form below.
  You must be in business at least 2 years, or possess sufficient pledge-able collateral. Your business must have had a bank account in good standing for at least that period of time, unless your possess sufficient pledge-able collateral.. (If you are a Personal Finance applicant seeking a personal monthly payment purchase loan, do not use this Business Lease for it is only for businesses and corporate customers!  Instead: go here.)

All entry fields are required.  To be considered for a Business Lease, provide all information.  You may email us at "leasing@compamericadirect.com" if you have additional material to submit.  We may request copies of your two most recent years business IRS statements, and we may request copies of your audited Financial Statements, statements of personal net worth and tax forms from the principles, copies of UCC-1's filed, and letters from any creditors, if relevant.  We may also request copies of agreements, other leases, bank statements, aged receivables, and such other documents as may be required for your particular leasing situation.  

Small Business Leases. The minimum dollar amount for a business lease is considered $1000, and while there is no maximum, only certified borrowers can qualify for amounts greater than $750,000, and the typical small business lease maximum is normally considered to be $500,000.  Leases up to $2500 can be approved in under a day, up to $30,000 are typically approved in less than one business week,  up to $100,000 in less than two weeks, above $100,000 can take a month or more, depending upon the borrowing party.  

Large Business Leases. Major and Fortune 10000 or larger businesses can usually be approved within one day on amounts up to $10,000,000 but generally require periods of document processing on both sides that can be unpredictable, depending upon circumstances and legal requirements.

Government Leasing.  Government leasing at very attractive rates is available for any governmental entity, with a 2 day approval cycle, and a documentation completion cycle of from 1 week to as long as is necessary, depending upon the complexity of the circumstances.

Approval, Declination or Placement.  Our leasing division may approve, decline or place your application. If your application is placed, you will be contacted by one of our participating 3rd party lenders ("credit provider" [click for list of current credit providers]), to whom your application will be submitted.  Upon being declined, you will receive a formal letter of declination, listing the reason for being declined, and/or the way you can appeal the decision and/or to whom you can write to update information about you.  Upon approval, you will receive a Leasing Package from the underwriter, who will contact you with further information.

Fill in all fields, you will be prompted for any you've missed upon pressing submit:

BUSINESS LEASE APPLICATION

Your name:

Years in business:
Type Business, eg: Law, Retail..
Phone number:
E-mail address:
Reconfirm E-mail:
Best time to call:
Products to be Leased:
Condition:  New Used
Cost:
Store or Reseller (if applicable):
Vendor's phone:
Length of lease desired 
(2, 3, 4 or 5 years):
  
Down Payment offered (if any):  
CREDIT INFORMATION
Applicant
Legal company name:  
Address:   
City:
State:
Zip:
State firm was  first organized in:
Form of 
 Organization:
  C Corp   Limited Liab. Corp   Partnership   Proprietership   
D&B # 
Federal EIN #  
Corporate / Business Officers 
President's Name:      SSN: 
Home Address:
City:
State:
Zip:
   
Secretary's Name:      SSN: 
Home Address:
City:
State:
Zip:
   
Treasurers Name:      SSN: 
Home Address:
City:
State:
Zip:
Principal Owners (15% or more)
Principal #1 Name:      SSN: 
Home Address:
City:
State:
Zip:
   
Principal #2 Name:      SSN: 
Home Address:
City:
State:
Zip:
   
Principal #3 Name:      SSN: 
Home Address:
City:
State:
Zip:
   
Principal #4 Name:      SSN: 
Home Address:
City:
State:
Zip:
Bank Reference
Bank:     Acct #1:  
Contact name:     Acct #2:
City:
State:
Phone:
Trade References
Trade:
Contact name:
City:
State:
Phone:
   
Trade:
Contact name:
City:
State:
Phone:
 

Credit History

Have you or any officers or any principle ever declared any Bankruptcy?

No
Yes   
IF YES, please describe dates/name filed and current status: 

      

Does your company extend credit terms or take credit cards? No       IF YES, please provide Merchant Number, and / or name of Merchant
Yes     Banks, and average monthly amount / average monthly ticket amount:
    

     By Submitting Lease Application, you are agreeing to allow Computer Sales & Service and/or any of it's lending institutions / credit providers, to investigate your business and its principles, employees and the applying party, to submit same to sources of credit profile and credit bureau information, to contact your bank and obtain balance and return item information, and to check all other references such as may be required to approve, place or decline this Lease Application.  This application and all related documents, are subject to the General Business Law of the State of New Jersey in all conflicts of law.  Upon approval and execution of a signed lease, the applicant, the principles and the applying party agree to be bound as personal guarantors of the principle, interest and collection/legal costs of the Lease, as may apply, and to promptly advise Computer Sales & Service of (a) any material change in the economic status and/or ownership of the applicant, (b) any address change, (c) any impending bankruptcy prior to filing and not to file without first resolving the matters of the Lease to the satisfaction of Computer Sales & Service and the Lender, (d) any other matter that would materially effect the Applicant's ability to repay the moneys due under the Lease Agreement.  All equipment Leased under this agreement remain the property of and fully titled to Computer Sales & Service until such time as the Lease payments are made in full and the Lease completes, and Computer Sales & Service approves transfer of title, if any, under the Lease Agreement.  Upon termination of the Lease for any reason, or it's completion, applicant agrees to return the equipment subject to the Lease to Computer Sales & Service in good working condition, for evaluation and approval pursuant to any terms of said Lease Agreement.

By Submitting this Lease Application, Applicant acknowledges and agrees to the foregoing.
 

   

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