Finance Programs - Alliance Capital Corporation

Alliance Capital Corporation provides financing from $5,000 to $5,000,000 in the form of two programs:

EXPRESS LEASE: $5,000 - $150,000

COMMERCIAL LEASE: $150,001 - $5,000,000

Alliance Capital's Credit Guidelines
Alliance Capital Corporation can approve most lease applications in just a few hours. To help expedite the process, remember this:

The most important contribution you can make to the credit process is to provide accurate and complete information on the application. A rule of thumb: including too much information never hurts; too little information never helps.

Here are some specifics:

Time in Business
The business must be in operation for at least two years to qualify for any of our standard lease plans. However, we do offer a special New Business Program for those who are just starting a new business.

Type of Business
Although we review each application on an individual basis, those businesses with historically high success rates are naturally preferred.

Type of Equipment
The type of equipment to be leased must be appropriate for the type of business submitting the application to be approved by Alliance.

Checking account History
The lessee must have a business checking account with at least a 6 month history of activity that reflects prudent financial management practices. For new businesses we review existing personal checking accounts.

Trade References
We ask for at least two trade references with whom we can verify a relationship and credit history that bills are paid in a timely fashion.

Personal Credit History (When appropriate)
We look for a favorable record from the reporting bureaus: the amount of unused, available credit, as well as the overall payment and credit history. Applicants with no chronic history of late payments, tax liens, judgments or bankruptcies are preferred. However, Alliance does offer a "Second Chance" finance program for the more challenged credits.

Existing Lease
If the applicant is a current or former lessee of Alliance Capital Corporation, with a good payment history, we will generally approve a new lease application. Any other current or previously paid leases / loans for an amount greater than 70% of the current requested dollar amount will be reviewed for payment history. A satisfactory rating will generally result in an approval with Alliance Capital Corporation.