I would recommend Peer to Peer lending options. (Google peer to peer lending). They will end up being personal loans, and likely lower credit lines, but there is a much higher chance of walking away with a loan, at a reasonable rate.
If you meet the financial profile for leasing, Lease Corp of America has some of the lowest rates. They do a lot of the Moto 1yr type leases. With LCA it wont be an issue that you are leasing "wireless" gear, because they do that all the time. A couple tips on leasing.... If you do less than 5 mil a year in revenue, or have less than 10 employee, chances are your lease will be qualified by "personal credit rating". Most Leasing companies are clueless, and are incapable of making an intelligent judgement on their own, and instead rely heavilly on standard "Credit Reports". If your personal Credit Score is less than 700, or personal revolving credit lines over 50% utilized, dont bother applying for a lease, you'll probably get denied.. Work to improve credit score first. The price quote you get for equipment (for example whether 30% below or above market rate, whether a good or bad deal) will likely have very little to do with your approval. Approval is more about "documentation". On paper, whether you look like a low credit risk or not, using default common methods of valuing, without an expanation needed. My personal opinion is WISPs are likely better off working with a local banks or private lenders, where they can meet underwriting decission makers in person. WISPs appear like far less of a risk, when their business is explained to the lender. That message will rarely get conveyed adequately to behind the scene decission makers in traditional large leasing companies. Avoid applying for a lease, unless you are confident that you will get accepted, because everytime an inquirey is made on your credit report by a lender, future lenders will question why you might have been turned down by them, which brings up concern, and that inquirey will be on your record for 2 years, and nothing you can do about it. Even if you decided to turn down the loan because you were offered loan shark rates. Leasers know who they loansharks are, and if they made an inquirey, but you dont have a loan from them, they now dont know whether you turned them down or they turned you down. IF a loan shark wont lend to you, why should they? I've found applying for leases to be a very delicate and unforgiving process. No one has to convince me on value of leasing, I get it. Obviously, there are numerous WISP Members that are successful at obtaining Leases. But what I'm learning is that they are all more or less exactly the same, in regards to methods they use to qualify/approve applicants. Although they may vary drastically on how well they manage the loan/client experience or ethically handle the application process, or what lease terms they'll extend. Tom DeReggi RapidDSL & Wireless, Inc IntAirNet- Fixed Wireless Broadband ----- Original Message ----- From: "Marco Coelho" <coelh...@gmail.com> To: "WISPA General List" <wireless@wispa.org> Sent: Friday, June 04, 2010 12:36 PM Subject: Re: [WISPA] Leasing Companies Any other suggestions? mc On Thu, Jun 3, 2010 at 11:28 PM, RickG <rgunder...@gmail.com> wrote: > Travis, > > I surprised you didnt mention: > > Taycor Financial > -An Inc 500 Company- > 6100 Center Drive, Suite 710 > Los Angeles, CA 90045 > Direct: (310) 895-7717, Fax: (310) 568-9922 > dolyn...@taycor.com, www.taycor.com > > > On Thu, Jun 3, 2010 at 7:10 PM, Travis Johnson <t...@ida.net> wrote: >> Be prepared to sign over your company to them if you use them for >> anything. :( >> >> Travis >> >> >> Layne Sisk wrote: >>> Here is a leasing guy. We don't lease from him but he provides leasing >>> to several of the WISPs that we support. Not cheap but he has money to >>> lend out. >>> >>> Bill MacNamara >>> Vice President >>> Agility Ventures >>> 101 E. Gurley, Ste. 202 >>> Prescott, AZ 86301 >>> 928.541.0771 Office >>> 928.541.0773 Fax >>> 928.970.1340 Mobile >>> www.agilityventures.com >>> >>> >>> If you need more info let me know. >>> >>> -Layne >>> >>> Layne Sisk >>> www.ServerPlus.com >>> >>> >>> >>> -----Original Message----- >>> From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On >>> Behalf Of Marco Coelho >>> Sent: Thursday, June 03, 2010 1:26 PM >>> To: WISPA General List >>> Subject: [WISPA] Leasing Companies >>> >>> Anyone working with some decent leasing companies? We're growing >>> faster than our current leasing companies can support. >>> >>> Marco >>> >>> >>> >> >> >> -------------------------------------------------------------------------------- >> WISPA Wants You! Join today! >> http://signup.wispa.org/ >> -------------------------------------------------------------------------------- >> >> WISPA Wireless List: wireless@wispa.org >> >> Subscribe/Unsubscribe: >> http://lists.wispa.org/mailman/listinfo/wireless >> >> Archives: http://lists.wispa.org/pipermail/wireless/ >> > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: wireless@wispa.org > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > -- Marco C. Coelho Argon Technologies Inc. POB 875 Greenville, TX 75403-0875 903-455-5036 -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
