Rapid Prototyping Equipment Financing
Preparing Financial Statements
To obtain a lease on the best possible terms your company has to show that it is creditworthy. This process is routine for large corporations with long histories, but it is not an everday event for young companies and for firms that are small but still want to finance costly equipment.
For an established corporation, the audited financial statements prepared by your company's external accountants will most likely contain much of the information required to show creditworthiness.
For very small companies and particularly for recent startups, the documentation that is routinely provided by mature corporations is not available. Young companies may be eminently creditworthy but lack the track record of established concerns. One common way around this is to have the principals of the lessee corporation agree to take personal responsibility for lease obligations. By doing so, you reduce our risk and as a result you will be able to obtain more attractive lease rates, terms and conditions. Once your company has a good track record, of course, it will be able to get attractive lease rates based on its own history of financial performance.
The standard personal financial statement avaiable on this site is pretty comprehensive, but if you feel there is additional information that would help us keep your lease rates down, by all means provide that information. Also, if you have prepared a similar statement for another purpose, such as to obtain a home mortgage or other financing, the form you used (which was provided by your lender) probably covers all the same ground, so we can work with that form as long as the information on it is current. We also require copies of your personal tax returns to support your personal financial statement.
2055 Reading Road, Suite 240
Cincinnati, Ohio 45202
Phone: (513) 333 0221
Fax: (513) 333 0887