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* Financing Services
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## Offering a Full Line of Financing Solutions For Your Business
*Whether you need to get new equipment, finance your accounts receivable and inventory, raise working capital, or acquire a company, Provident Finance Solutions can do it all. Whether your business has just started, or is well established, we have a financing solution for you.*
#### Provident Finance Solutions
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## **About Us**
**Provident Finance Solutions** is composed of a group of highly experienced and seasoned, certified, financial professionals. With our knowledge and expertise, we can usually find a solution for all your financing needs. Unlike a bank, or local lending institution, which only lend to the most credit-worthy businesses, Provident Finance Solutions, with its relationships with national lenders, can usually find you the financing you need.
#### Whether you need to get new equipment, finance your accounts receivable, raise working capital, or acquire a company, **Provident Finance Solutions** can do it all.
##### Please contact us today for a free evaluation of your financing needs from one of our finance specialists.
# Financing Services
## Equipment Leasing
#### Types of Leases We Offer
1. Application only to $250,000. No financial statements necessary.
2. Middle market financing up to $500,000
3. Large ticket over $500,000
Approvals for application in only 24 hours. Middle market and large ticket usually take 3-5 days. Up to 84 months to repay with excellent rates. These programs are for companies established for two years or more.
### Sale & Lease Back
Many companies need working capital for expansion and do not want to use their bank lines for working capital. We have a program where we can use the equity in your existing equipment to give your company the working capital it needs. We buy your equipment and lease it back to you and when all the payments are made you own the equipment again.
### Startup Program
Most financial institutions will not finance companies that are just going into business. If your company has just started in business, or is in business for a short time usually less than two years, we can help you grow by financing the equipment you need to be successful.
### B, C and D Credits
In these tough economic times many businesses have suffered financially. Additionally, the owners of these companies have seriously damaged their personal credit. We have developed a "second chance" program to help these companies. We can structure your financial needs to help you rebuild your company.
### Government and Municipal Leasing
We can provide lease financing to any government or municipal entity with guaranteed approval. The rate is determined by the rating of the municipality or government agency. A partial list of who we finance is listed below:
* Federal Government Agencies
* Armed Services
* State Agencies
* Public Schools
* Police Department
* Fire Houses
* Libraries
## The above list is only an example of what we can finance. We can finance any state or federally controlled entity.
#### Please  so one of our finance specialists can discuss your specific needs and how we can arrange the financing your company requires.
## Why Lease?
#### **Leasing is the right choice!**
Leasing is one of the fastest growing ways of acquiring equipment in business today. Recent surveys found that 80% of U.S. businesses, from Fortune 500 to the local family business, lease some portion of their equipment. A growing business often faces the dilemma of limited cash flow and the need to add equipment. Leasing can put the equipment to work for you with real cash flow advantages and without major capital investment. We can lease virtually any type of equipment, including software and installation.
#### **Fixed payments through the term of the lease**
Unlike bank lines of credit that usually have variable rates, lease payments are fixed no matter what happens in the market. By choosing to lease you won't be a victim of skyrocketing interest rates. Remember the 80's when rates rose from 9% to over 20% in one year? That can't happen with leasing.
#### **Low monthly payments**
The monthly lease payment will usually be lower than the payment required by other methods of financing.
#### **No need to tie up capital**
Keep your business' cash for future needs, unexpected expenses or working capital when revenues are low.
#### **You can always lease equipment - you can't lease money!**
Most types of financing require down payments of up to 25%, whereas leasing covers 100% of the cost of the equipment. Most leases require only one or two payments in advance. Get immediate use of the equipment with minimal up-front cost.
#### **Preserve existing lines of credit**
Leasing has no impact on your bank credit lines. Protect your borrowing power for other business needs or opportunities.
#### **Eliminate obsolescence**
Technology is changing at a rapid fire pace. What meets your business' needs today may be obsolete three years from now. Leasing allows you the flexibility to maintain a competitive edge by giving you today's best technology then allowing
you to upgrade when the equipment has outlived its advantage.
#### **Significant tax and accounting advantages**
Leasing eliminates the need for complicated depreciation schedules since lease payments are generally line item expenses on your P&L statement. And since lease payments can usually be treated as a pre-tax business expense you may even reduce your taxes. Paying cash for equipment automatically adds 30-40% to the cost when you realize that cash = profits and taxes are paid on profits. Leasing is the right choice! It minimizes demands on cash flow, eliminates obsolescence, keeps your bank lines open, saves on taxes and shelters you from the market
## Construction Equipment Financing Up to $250,000
##### Call for larger financing amount
 **No Financial Statements or Tax Returns**
 **24-48 hour approval and up to 60 months to pay**
 **We can also do Startup Companies!**
#### **If you have been turned down for credit from any other company Provident Finance Solutions can help, give us a call or****!**
Provident Finance Solutions is a specialist in funding all types of specialty trucks and construction equipment. We work directly with equipment dealers or end users. Our specialty is less than perfect credit or people who have been turned down by traditional sources. We can approve transactions in 24-48 hours or less. Normally, we do not require financial statements or tax returns on any transaction up to $250,000. We also have a preferred rate program for better credits. Our application is the easiest to fill out.
### **Working Capital Loans**
Need working capital? With an equipment equity loan from Provident Finance Solutions you can:
* put cash in your company's pockets
* take on more jobs
* acquire new equipment or expand your business
Our equity loans are not based on the profitability of your company but the value of your equipment. Even if your personal credit is badly damaged we can get you the cash you need - Now! Call us today!
### **Accounts Receivable Financing**
Are you waiting 60, 90 or 120 days to get paid for your work? We can lend you money for working capital or any other reason the same day you bill and we get paid back when you get paid. Call for details.
#### **Here is a partial list of the equipment we can finance:**
* Above Ground Fuel Tanks
* Backhoe
* Bulldozer
* Chipper
* Concrete Mixer
* Cranes
* Dump Truck
* Excavator
* Trailers
* Street Sweeper
* Mechanic's Truck
* Roofing Truck
* Stump Cutter
* Flat Bed Truck
* Garbage Truck
* Tow Truck
* Tractor-Farming
* Sewer & Septic
## Call Us Today
## SBA Loan Program
We have been designated as a Preferred Financial Services company by SBA lenders to have loans processed more quickly and efficiently than many others.
There are a number of advantages to an SBA loan, including longer terms, no points and no balloon payments.
**Who is Eligible for an SBA Loan?**
Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail and service businesses as well as independent or franchise businesses.
### Loan Qualifications
* Retail and service businesses with sales (3-year average) not exceeding $6 million to $20 million, depending on the industry
* Wholesale businesses with employees up to 100 regardless of sales volume
* Manufacturers with employees up to 500 depending on the industry, regardless of sales volume
**SBA 7(A) Loan Size $150,000 to $5.0 million**
#### Loan Fees
* Loan packaging fee: $750 to $2,000
* Fee is based on loan size, it is collected at the time of loan submission; refunded if declined by credit
* SBA guaranty fee: 1.70% to 2.60% of the loan amount
* Fee can be financed in the loan
####  about our SBA Loan Programs and other services.
#### Use of Proceeds
* Commercial real estate (purchases, construction, or refinance)
* Leasehold improvements
* Business expansions
* Machinery, equipment, furniture or fixtures
* Business acquisition
* Working capital (offered in conjunction with some of the above)
* Start-ups (ALL Franchises, Motels, Restaurants Gas Stations and C-Stores)
#### Other Credits Considerations
* Business must have adequate historic cash flow to cover the proposed debt
* Business debt to net worth must meet industry averages
* Borrowers must be actively involved in the day-to-day operation of the business
* Satisfactory personal credit histories are required for all principles and guarantors
* No past bankruptcies or felony arrests
## Church Financing
### *Automatic Approval!*
**Your church can be automatically approved for a loan to purchase the equipment you need now.**
We offer low rates and up to 60 months to repay.
We can finance pews, air-conditioning and heating systems, organs, sound and video equipment, pianos, computers, or just about any type of equipment your church needs.
#### **Our Church Equipment Finance Programs**
We offer 3 specific programs so that every church nationwide can qualify to get financing for any equipment their growing church needs. Below is a list and a brief description of each program and what a church would need to qualify
for that specific program.
##### **Established Church Program**
* Church must be established for 7 years or more if the church is part of a major denomination. 15 years or more if the church is non-denominational.
* Church must maintain a minimum average bank balance of $7,000 or more. Combined accounts will qualify, example: checking + savings.
* Church must be listed with directory assistance.
##### **Newer Church Program**
* Church must be established for 2-5 years or more.
* Church must maintain a minimum average bank balance of $2,500 or more. Combined accounts will qualify, example: checking + savings.
##### **Start-Up Church Program**
* Any church that has been established less than 2 years.
* Church must maintain a minimum average bank balance of $2,500 or more. Combined accounts will qualify example: checking + savings.
## Medical Working Capital Loans
* Loans ranging from $15,000 to $250,000
* Very Competitive Rates
* Up to 84 months to Repay
* Credit Approval in 48 Hours from Application Submission
* Funding Within 5 Days of Receipt of Signed Documents
* Programs for Medical Professionals with Damaged Credit
#### **Types of Medical Professionals We Can Finance:**
* Board Certified Internists
* Dermatologists
* Maxillofacialists
* OB/GYN's
* Orthopedic Surgeons
* Pediatricians
* Plastic Surgeons
* Cardiovascular Surgeons
* General Surgeons
* Neurosurgeons
* Opthalmologists
* Oral Surgeons
* Periodontists
#### *''Ologists''* of all types, as well as Dentists, Family Practitioners, General Practitioners, MD's, Osteopaths, Psychiatrists, Veterinarians.
#### The proceeds of these loans can be used for almost any purpose.
* Personal Needs
* Debt Consolidation
* Practice Expansion
#### *Just About Anything.*
#### Please  and we will forward you an application or, if you prefer, one of our qualified professionals will contact you with all of the details.
## Revenue-Based Financing
We realize the challenges faced by women, people of color, veterans and businesses in low to moderate income areas. Revenue-based financing allows more flexibility than traditional bank debt with no equity dilution. It is similar to a term loan, but instead of a fixed payment every month, a percentage of revenue is taken.
This allows for smaller payments during slower revenue months, and larger payments in stronger months.
#### Business Characteristics
* Businesses with revenue of $1MM or higher
* Ownership Requirements:
  + Woman owned
  + Person of Color owned
  + Veteran owned
  + LGBTQ+ owned
  + Companies located in low to moderate income areas
  + Companies that have committed to inclusive hiring initiatives
* Profitable, break-even or clear path to profitability
* Growing revenues or positive trends
* Recurring contracts and predictable revenue models are a best fit
* Time in business: 12-18 months minimum
#### Lending Criteria
* Term: 2 - 5 Years
* Funding amounts from $50K - $1MM
* Revenue-Based Financing:
* A portion of revenues will be paid monthly at a pre-established percentage until the principal and additional fees have been repaid
* Typically 3%-9% of monthly cash receipts
#### Initial Underwriting Needs
* 2 years of financial statements (balance sheet, P/L, cash flow) broken out by month
* Revenue by customer
* Debt schedule
* Projections (if available)
## Debt Restructuring
Growing companies enter into loan agreements to pay for equipment needed to expand their businesses. Loans have different maturities and in most cases, the companies have built-in equity in the equipment. We will pay off all your lenders
and refinance all your equipment into one loan.
This can result in reduced payments of 30% or more, so your cash flow and bottom line are greatly improved.
### Example of a recent transaction:
*A manufacturing company had combined monthly payments of $28,000 per month and showed a modest $10,000 a year in profits.*
### We were able to refinance all their loans and reduce their monthly payments to $16,000 per month. Their bottom line was increased by a whopping $144,000 per year!
####  to see if we can do the same for your company.