Software Only - First Star Capital will continue to lead the industry in software financing. We will fund transactions that are 100% software on terms from 24-60 months. Additionally, we can pre-fund the vendor up to 100% in situations for custom software.
Investment grade companies - This program is for publicly traded companies and large institutional entities. The program provides a streamlined approval process for companies with a Dun & Bradstreet (D&B) rating of 4A2 or higher. In the absence of a D&B rating, an investment grade rating of at least Baa (Moodys) or BBB (Standard & Poors) is acceptable. All types of equipment, including software will be considered.
Medical & dental professionals - First Star Capital has designed a special program specifically for medical professionals. We will offer "application only" approvals up to $200,000 for established private practices, clinics and hospitals as well as up to $75,000 for newly licensed professionals.
Municipalities - First Star Capital has designed a special program, specifically for municipal entities. We will offer "application only" approval up to $200,000 at significantly discounted rates (typically 30% - 40% less than what a private business would qualify for). The municipality must be a tax-exempt entity and the equipment must have an "essential use" for the municipality.
Start-ups (under 2 years in business under current ownership) - Start-up companies have historically represented a higher risk. For this reason potential customers will need to demonstrate a higher level of financial strength, credit history and stability than applicants that have an established time in business. The maximum amount of funding for start up companies is $20,000. This program is restricted in Florida , Nevada and Texas .
Master lease - First Star Capital offers a master lease line to make securing additional equipment quick and easy for the customer. We provide a "line of credit" for equipment purchases during a 12 month period of time. By utilizing First Star Capital's plain English lease agreement on the initial funding, all the customer needs to sign for future transactions is our one page lease supplement. Simple and efficient . . . a quick call to your account manager and this is taken care of.
Technological upgrade - Due to the rapid obsolescence of today’s technology we permit our customers to upgrade their equipment at any time throughout the lease.
Working capital - Managing cash flow to keep up with business growth is a challenge most businesses face. To meet those financial needs we are offering working capital. The working capital is available with equipment financing (the working capital portion is not to exceed 25% of the equipment cost) and can be used for any business needs such as expansion, purchasing inventory, marketing efforts, trade show promotion or even to consolidate other debts into one monthly payment.
Refinancing - Consolidate other equipment leases / term loans into one monthly payment. First Star Capital will pay off your other leases / loans and bundle them together with your new First Star lease (new equipment acquisition must be at least 30% of transaction value). |
