Eurtton Distribution Inc. is an Authorized to offer Lynnray Financing. Financing approval at the discretion of Lynnray Financial Corporation.
Lynnray Financial Corporation is a 35 year-old commercial equipment finance company offering attractive rates, flexible programs, and personal service for transactions from $10,000 to $500,000
• Application Only Program – no financial statement required under $150,000
• Seasonal Skip Payments – usually skipping 3 winter months of each contract year
• Sale Leaseback – when equipment has been purchased within 60 days
• Software Only
• Lease or Equipment Finance Agreement
• 24 to 60 Month Terms
A principal of LFC will handle your transaction and tailor a program to fit your specific needs.
LFC Finance Process
Application only to $150,000.00 Program
• Customer sends application and first page of last three month’s business bank statements (No application fee)
• Credit answer within 24 hours
• Customer sends copy of equipment quote or invoice for documentation
• Docs will be emailed to customer within 24 hours
• Customer executes docs and overnights to LFC
• Check goes out to Vendor usually within 48 hours of delivery and acceptance of equipment by customer
The credit criteria for the above is:
• Personal Credit score of 675 or better
• Clean D&B and D&B Paydex showing satisfactory business pay history
• Bank balances commensurate with credit request
• Two years in business
Over $150,000.00 Financial Statement Program
In addition to application and bank statements above Customer sends the following:
• Last two years business fiscal year end statements (Balance Sheet and P&L Statement (Including all accountant’s notes)
• Last two years corresponding business tax returns
• Latest interim P&L and Balance Sheet
• Personal Financial Statement on majority stockholder(s)
• Last two years personal tax return on majority stockholder(s) if Sub corporation
• Credit answer within 48 hours
• Rest of process is as above
The credit criteria for the above is:
• Same as app only program with analysis of financials that basically determines if the cash flow of the company is sufficient to carry the new debt