All of our Application Previews are Soft Inquiry Only. 

We also have flexibility to secure an Official Approval without a hard inquiry, however this may limit your options.  You will typically get Application Feedback via Soft Inquiry from us within 1 Business Hour along with clarification on if a hard inquiry is required in order to get you the best terms possible. 

Personal guarantors are typically not required with 7+ years time in business and comparable business borrowing history, however, financials may be requested for Corporate Only Financing without a personal guarantor. 

The equipment is still used as the primary collateral for our financing programs and it does not show up as a line item on personal credit or negatively impact personal debt-to-income ratios. 

Our highest Application-Only Approval Limit is $500k without requiring Business or Personal Financials. 

That said we typically request financials for dollar amounts over $250k to make sure you get the best terms possible. 

Suggested Financials Package for Startups

• Last 2 Years Individual Tax Returns
• Five West Financial Startup Questionnaire (available upon request) 
• Business Plan & Cash Flow Projections (template available)
• Personal Financial Statement (template available) 
• Relative Co-Signor (if needed) 

Suggested Financials Package for over $500k

• Last 2 Years Corporate Tax Returns 
• Last 2 Years Individual Tax Returns (If you are Personally Guaranteeing) 
• Interim Business Financials (Profit & Loss and Balance Sheet)
• Last 3 Months Business Bank Statements

Many of our customers purchase from multiple Suppliers at once and like the convenience of bundling everything into a single monthly payment. One thing to keep in mind is Final Funding can only be released once all equipment has been delivered, so one vendor who is slow to deliver could delay payments to other vendors. This can be avoided if we separate the finance agreements so each vendor can be immediately paid when they deliver, however this would mean having multiple payments to keep track of. 

We typically are able to provide Application Feedback within 1 Business Hour. 

Official Approvals & Finance Documents can usually be secured within 1 to 2 Business Hours for A-Credit Customers. Startup and other Special Situations may take longer depending on the complexity of the deal. Please note that we will need a copy of the Equipment Invoice upfront to generate documents upon approval.