Secured Working Capital Program
Click here to download the Application Form
What is it?
This program is designed to provide a quick working capital solution to small business by refinancing hard assets.
Up to $100,000 for homeowner
Up to $75,000 for non-homeowner
Application only program
Who Should Apply?
Clients 2+ years in business
Clients with hard assets – trucks, trailers, construction, forestry, oil and gas service equipment
In need of quick working capital to shore up business
Current with government remittances (taxes, source deductions, etc)
Current with existing lenders
No plans to file for insolvency/creditor protection
Who Should Apply Cont’d
Credit Score must be an average of 660 or higher. No score below 630.
BNI Score must be 350+
Revolving Credit utilization may not exceed 90% for homeowners, and 80% for non-homeowners
NO FINANCIAL STATEMENTS REQUIRED
Asset Profile
Trucks (must be on loan), trailers, construction, forestry, oil and gas service
Remote asset inspection and appraisal
Homeowner – no asset restriction. Reasonability of KMs / Hours. Lease and loans available
Non-homeowner – no asset older than 10 model years old. Leases only
Additional Info
Personal Guarantee is required on ALL transactions
Contact your dedicated account manager, or download the form below and email it to credit@credicor.com to apply
Or give us a call Toll-Free at (877) 414-0616 to enquire