What size deal is ELI looking for?
ELI offers equipment lease funding to companies both in the US and abroad. US minimum transaction is $10,000 (depending on volume) / International minimum transaction is $300,000 (depending on volume). Vendor programs are available both in the US and
internationally. Transaction sizes for vendor programs can vary. Commercial real estate transactions are evaluated on a per case basis.
How much does ELI pay in fees ?
The Broker will be paid by ELI a commission up to 50% of the net fees earned under each executed lease agreement for which ELI determines, in its sole discretion that the Broker was the procuring cause.
What type of information should be submitted for review ?
The first step in reviewing a transaction is completion of an internal document: Lessee Prequalification Form. After analysis of the LPQ a business plan will generally be requested. The business plan should contain the following information: description of the
product or service; brief history of the company, business and marketing strategy; analysis of the market and the competition; resumes of key management (highlighting industry and market expertise); current financial statements (audited, if available) and
financial projections. Additionally the lessee will need to provide a description of the equipment to be financed and a capitalization table showing the breakdown of shareholders by investor name, terms of investment and equity percentage held. ELI's
Document Checklists provide you with an outline of required documentation.
What is the typical turnaround time for a transaction?
After a proposal letter has been signed and returned, the lessee is immediately sent a complete lease documentation package for the lessee's review and, simultaneously, ELI and/or it's partners begins its credit due diligence. The credit process and finalization
of documentation usually takes three weeks.
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