Summit Equipment Finance Application

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Welcome to the Summit Equipment Ltd. finance page.

We appreciate the opportunity to help you with your equipment and financing needs. In just a few easy steps you will be on your way.

Loan Calculator & Contact Info

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Loan Info

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Name*
Consent*

All payments and terms quoted are OAC and subject to change

Why Lease?

Get your equipment fast
We’ll typically review your application and have a decision on your lease within 48 hours.
Increased buying power
Leverage your buying power and free up cash with periodic payments rather than one upfront purchase.
Custom payment streams
Leasing is all about flexibility. Structure your payments to match your revenue so you’re paying when your equipment is making you money.
Potential tax benefits
In many instances, leasing provides a business with income tax benefits by allowing you to expense lease payments rather than depreciating the capital cost of equipment. Always consult your tax advisor to find out how leasing can benefit the tax position of your business.
Five-minute application
We’ll only need some basic personal, business and equipment information to get your application started.

Items
required for credit

Please note, the below is a reference only and the items noted are not necessarily needed for all credit opportunities. For example, in some cases we can obtain an approval for up to $250k for a qualified commercial applicant with an application only.
  1. Completed and signed credit application
  2. Spec sheet describing the asset being acquired – it is preferred this comes from the party selling
    the asset however not always required
  3. A good understanding of the business and what services it performs along with top 3 clients
  4. What will the acquisition do for the business (IE. to help reduce expenses or service an
    additional work program. We need to monetize the effect on the business therefore details are
    important here)
  5. Preferred term and structure along with available down payment

3 months of bank statements

3 months of bank statements
2 years of accountant-prepared financial reporting
Interim reporting no older than 3 months

3 months of bank statements
Corporate Notice of Assessment
2 years of accountant-prepared financial reporting
Interim reporting no older than 3 months
Aged receivables and Aged payables list

Contact us

MIKE WALLACE

Founder, Managing Partner

PH: 416-767-1773
E: mike@creditcoalition.ca