Our Non-recourse/Discounting Program allows clients to nail down a firm commitment to fund their one-off transactions while they move quickly on existing and new opportunities.

This flexible program can be used on a stand alone basis, or in conjunciton with our Warehouse Facility or our Limited Recourse UNL Program.

Find out more about these and our other financing programs by calling Fred Costabile at (678)722-2887 or Greg Kavouras at (678)722-2884.


CLIENT PROFILE:

  • Minimum 3 years in business.
  • Preferably audited or reviewed financial statements.
  • Sound qualifications and stability in company management.
  • In-depth knowledge of the industry and the companyís niche.
  • Positive reputation within the industry and with other lenders, as well as their vendors and customers.Clearly defined strategic plan and policies & procedures [with respect to marketing, credit, underwriting, operations and collections] and consistency in both the plan and its execution.
  • Solid financial history demonstrating reasonably consistent profitability, appropriate leverage and liquidity.
  • Sound portfolio performance, with delinquency, loss and residual history within industry norms.
  • Generally the companies will be technology lessors, transportation lessors, general equipment lessors, or specialty niche lessors.
  • Asset size: $3MM to $500MM
  • Annual volume: $10MM to $500MM
  • Tangible net worth of $2MM minimum

END USER CREDIT GUIDELINES:

  • Time in business of at least 5 years
  • Last two years financial statements plus latest interim
    Positive cash flow
  • Leverage consistent with industry norms generally below 5 to 1
  • Term and structure reasonable considering equipment type
    Explanation of business strategy
  • Personnel financial statement required on privately held companies
  • Equipment types and Industries are broad based (some restrictions apply)

OFC Capital will consider using your underlying documents with review from OFCís counsel. Generally the above requirements are needed for transactions over $250,000. Find out more information by contacting Fred Costabile at (678)722-2887 or Greg Kavouras at (678)722-2884.

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