Financing
Jupiter Financial is a nationwide leader in the equipment finance and working capital space with competitive terms and low rates. We do everything from A-D credit and can even get deals approved with zero down *Note: We soft pull credit, which is huge as there are no hard inquiries on customers credit report. As you know, a hard credit inquiry can lower a score up to 10-15 points. With a soft pull, we could pull it 100x and never effect their score.
Jupiter Overview
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New and used equipment
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Variable term length with fixed rates
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Loan and lease structures available
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Zero money down approvals (for qualified applicants)
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Quick application and approval process
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Monthly & deferred payments
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4-Tiered Credit Programs:
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850-720
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719-660
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659-600
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599 and below
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Deal Size: $10,000 to $10,000,000+
Rates: Start at 4% and go up based on credit
Structure: Loans and Leases ($1 buyout, FMV, etc.)
Down Payment:
- Good Credit typically 0-10%
- Challenged Credit typically 10-50% or use of additional collateral to offset down payment
- Start Ups typically 15-25%+
EQUIPMENT FINANCING:
To apply for Equipment Financing see the list of items needed below:
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Credit Application: Jupiter Financial Application - Link above
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Invoice/Buyers order for equipment
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Startup Questions (jupfin.com) *only fill out if you’ve been in business 3 years or less*
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Last 3 months business bank statements *ALL/FULL PAGES*
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If you have any prior industry related experience, the oldest W2/1099 (this helps show you’re not totally a startup, and have industry experience/knowledge)
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Brief summary about you/your company and what you’re needing this equipment for + how much revenue it will generate etc..
John Napoli