With equipment leasing, applicants are often offered better terms and rates by lenders and lessors than with traditional business loans. This is because equipment leasing focuses more on the strength of one’s business than their personal credit score. Ashton Business Capital, the leading source of alternative financing, international trade finance, equipment leasing and church construction financing, can offer small to mid-sized business owners personalized services designed to help you skip all the red tape and receive the funding your business needs quickly.

DATES OF PROMOTION

This program will begin on March 30th, 2011 and run until July 4th, 2012.

ELIGIBILITY

The Ashton Business Capital Minority Incentive Program is restricted to only persons who meet all of the following requirements: applicants must be a resident of the United States of America, a minority business owner, and be applying for an equipment leasing.

HOW TO ENTER

To enter you must meet all the criteria mentioned in the eligibility portion of the promotion rules. This program is only applicable on qualifying loan programs, such as equipment leasing and small business loans for minority business owners requested during the program’s duration.

PRIZES AND APPROXIMATE RETAIL VALUE

With this promotion, qualifying applicants will receive an additional $500 cash bonus when they qualify for an eligible equipment leasing.

PRIZE CONDITIONS

There are no substitution available for the advertised prize. Ashton Business Capital as the sponsor of this promotion reserves the right to cancel, alter, or suspend this program as any time during its duration.

CONDUCT OF PARTICIPATION

The goal of the minority incentive program sponsored by the Ashton Business Capital is to reward small business owners who apply for qualifying loans. Applicants of this promotion must meet all requirements described in the promotion rules. As the sponsor of this program, the Ashton Business Capital may disqualify any applicant without explanation; the sponsor may also change, add, or subtract any rules without formal notice.

LIMITATIONS OF LIABILITY

The sponsor and its respective directors, shareholders, and employees cannot be held responsible for any incorrect entry information or the theft, destruction, or unauthorized alteration of entries that leads to applicants not meeting eligibility requirements. No applicants that are late, lost, or incomplete will be accepted. The promotion is limted to loan applications filed at locations in New York, New York. The incentive program may be suspended or terminated early by the Ashton Business Capital when circumstances beyond their control occur.

SPONSOR

This incentive program is sponsored by:
Ashton Business Capital, LLC
P.O. Box 5477
Bridgeport, CT 06610, USA

A loan package includes:

-Loan application with supporting documents.
-Last 3 years tax return and current year to date financial statements.
-Appraisals if available.
-Digital photos of the property and buildings (and any properties to be acquired through the financing).
-Executive summary.
-Estimated use of funds (as detailed as possible).

Loan Program:

-Maximum Loan to Value: 80%
-Maximum Debt Service: 33%
-Minimum Debt Coverage: 1:1

A loan package includes:

• Completed Credit Application.
• Personal Credit Report from all Principals.
• Bank Reference with Rating or 3 months Bank Statements.
• Current Interim Statements including Balance Sheet & Income Statement.
• Last 3 Year’s Corporate Tax Return.
• Last 3 Year’s Personal Tax Return.
• Personal Financial Statement on All Owners.

Here’s a list of the items you need for your purchase order financing.

1. Copy of PO’s or Contracts.
2. Total cost breakdown including all supplier information. Total costs should include any and all freight, logistics, taxes, duties, etc. that are applicable.
3. Production/Delivery Schedule timeline from initial funding to delivery and invoicing of goods.
4. Specific amount of funding requested, in what manner, to whom, and the timing of such funding with respect to the overall timeline of the transaction.
5. Previous year and year to date financial statements.
6. Company ownership breakdown and corporate structure.
7. Historical information on the company and background/resume of principals; including sales of these specific goods overall, and to this specific end-customer, if any.

Merchant cash Advance requirements

• Must be processing credit cards from their customers for at least 60 days
• Must process at least $7,500/month in credit cards from their customers
• No bankruptcies
• Funds can be available in 7 days or less