Hard Asset for New Equipment

December 5, 2021
Company: Sign Company

Challenges:

The company was very young, only two yeas time in business. They also had limited to no comparable borrowing history. It was a private party sale which means a lot more work has to be done up front to coordinate between the seller and client.

Solutions:

Our team decided to use one of the larger vehicles that KDN already owned as a lean to get approved for the new truck he needed financing for.

Results:

The client was able to get approved to purchase a larger truck and get longer contracts that they could not have qualified for traditionally.

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