Please click on the link to fill out our Credit Application. Then click on the link to complete both pages of our Personal Financial Statement . These files require Adobe Reader®.  Once your paperwork has been completed, please fax it to our offices at (310) 929-7673. |
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| Unsure what materials you'll need? Take a look at our general criteria for each tier of credit. The following credit guidelines will give a broad overview of how credit is considered. It can also help determine what types of leasing programs may be available to you. The following guidelines should not be considered as "industry standard" but can assist us with providing leasing quotes by estimating basic credit criteria. Under no circumstances should the following credit criteria be expected to cover the credit of all applications received. Every credit bureau and business report is unique and the following credit ranges are for informational purposes only. Each guideline assumes that the entity that is applying meets most of the credit criteria listed in each section. You will need to provide the exact legal name of the business, when it was started and the names of the owners. Bank references are contacted to confirm the length of time the account has been established and to obtain an average deposit balance. (Generally, we need to see a
minimum average banking balance of $1,000+. All business bank accounts can be considered, including, perhaps, the company's payroll account, merchant account
and any savings accounts.) We want to contact several trade references for our applicant's payment history. Depending on the dollar size of our applicant's credit request, or the age of the business, we may need financial statements for the business, its owners, or both. Personal guarantees are generally required from the owners of closely held corporations or newer businesses. Even when a personal guarantee is not required, we will
do a "background check" on the credit bureaus of the principals of a closely held company. | Credit Tier | General Criteria |
| Submission Guidelines | "A" Credit
(700 minimum) | Each personal guarantor must be a homeowner All owners must be personal guarantors Every deal is underwritten on a case-by-case basis Excellent business credit with many lines of credit No Bankruptcies Low revolving debt Few credit inquiries in last 12 months No evidence of suits, liens, collections, or judgments No foreclosures or repossessions Excellent score in credit reports No slow pay activity on personal or business credit If a corporation, established over 3 years Strong financial statements may be requested, depending on the size of the transaction and the type of asset.
| | Contact a TMO Leasing agent to discuss your paperwork requirements. | Credit Tier | General Criteria | | Submission Guidelines | "B" Credit
(600 Minimum) | - Good overall credit with many lines of credit
- No Bankruptcies
- Lower revolving debt and under 50% credit utilization
- Few credit inquiries in last 12 months
- Evidence of suits, liens, collections, or judgments that are satisfied
- No foreclosures or repossessions
- Good score in credit desk
- No recent slow pay activity on personal or business credit. Personal co-lessee or Guarantee required.
- New businesses and Corporations over 1.5 years old with good business credit
- Financial statements and/or PNW statement may be required, depending on size of transaction, type of asset and other credit decision factors
- Transaction may require structuring
| | Contact a TMO Leasing agent to discuss your paperwork requirements.
| Credit Tier | General Criteria | | Submission Guidelines | "C" Credit
(500 Minimum) | - Higher risk business venture
- Evidence of a few recent slow pays to creditors
- Open suits, liens or judgments require explanation
- No foreclosures or repossessions
- Revolving debt considered high, or high utilization of available credit
- Explainable, high credit inquiries in last 12 months
- Credit bureau scoring just outside credit reporting standards
- Financial Statements and/or PNW statement will be required
- Personal or additional Guarantees
- Structuring is required
| | Contact a TMO Leasing agent to discuss your paperwork requirements.
| Credit Tier | General Criteria | | Submission Guidelines | "D" Credit
(400 Minimum) | - Bankruptcy less than 7 years old
- History of slow pay to creditors since bankruptcy
- History of suits, liens, judgments or collections
- Foreclosure or repossession
- High revolving debt on credit cards (without acceptable tax returns)
- High credit inquiries in last 12 months
- Unfortunately, we cannot lease to customers meeting this criteria
| | Contact a TMO Leasing agent to discuss your paperwork requirements.
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