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Approved Vendors
Global Concepts Funding can fund only the following types of equipment sellers:
- Licensed equipment dealers
- Financial institutions
- Private businesses (for titled equipment only)
Please note, we can only fund the owner of the equipment and/or lien holder as indicated by the title or UCC filing.
Call Global Concepts today toll free 1-303-841-0360!
Equipment Characteristics
All equipment we finance must :
- be ten years old or newer
- be at least $15,000 per asset
- be within 10% of comparable values
- have a proven and accessible secondary market
Please note, we can only fund the owner of the equipment and/or lien holder as indicated by the title or UCC filing.
Call Global Concepts today toll free 1-303-841-0360!
Aceeptable Equipments
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Call Global Concepts today toll free 1-303-841-0360!
Overview:
Global Concepts Funding specializes in financing work trucks, construction equipment and commercial trailers. An effective rule-of-thumb is Global Concepts Funding only finances the acquisition of equipment with wheels or tracks underneath it. On this page, you’ll find a chart that illustrates our commonly not approved assets.
Excluded Assets
| Asset Type | Asset Type | Asset Type | Asset Type | Asset Type | Asset Type |
|---|---|---|---|---|---|
| Aggregate Equipment | Cars | Limousines | Shredders | Ambulances | Containers |
| Partial Equipment | Attachments | Crushers | Shredders | Passenger Vehicles | Spyder Cranes |
| Blasthole Drilling Rigs | Fire Trucks | Salvage Titles | Street Sweepers | Buses | Horizontal Directional Drill |
| Screeners | Trenchers | Cable Placers | Lattice Cranes | Shears | Tub Grinders |
| Dump Trucks for Applicants in Florida | |||||
Equipment Seller Guidelines
- For non-titled vehicles, the equipment seller must be an established equipment dealer with a dealer's license or a financial institution.
- For titled vehicles, the equipment seller must be an established equipment dealer or established business or a financial institution.
- Sale-leasebacks are not accepted.
- Auction sales are acceptable. Please contact your account manager for specifics on these types of transactions.
- Refinance transactions are acceptable under our normal guidelines. Lessee cannot appear previously on the title.
Equipment age: Assets must be ten years old or newer.
Automatically Excluded Transactions
- The following attributes automatically exclude a transaction from being financed by Global Concepts Funding:
- Any of the personal guarantors or business have a bankruptcy filed for, discharged or dismissed in the last seven years
- Individual assets are less than $15k
- All assets are on the Excluded Assets list
- All assets to be financed are more than 10 years old
- Sale-leasebacks
- Transaction is a private party sale for non-titled equipment
- Declined Transactions
- Some declined transactions have recourse options that may bring the transaction into our approval range. If you feel you have achieved appropriate recourse, please resubmit the financing request.
- The following elements do not positively or negatively affect a credit decision:
- Additional collateral
- Additional capital cost reduction (money down)
- Home or real estate ownership
- Vendor recourse
- Bank account balance
- Industry experience
- Trade references
Same day credit approvals with multiple financing options
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