General Comments: This client had over lOOK in personal tax liens. Because the tax liens were personal and the client’s business owned equipment we were securing as additional collateral, we were able to structure the transaction so that the tax liens did not affect our interest in the equipment.

Client #3- SINGLE ASSET BUYOUT
Credit Score: 579
Homeowner: Yes
Equipment: 2004 Freightliner Classic XL
Additional Collateral: NONE
Equipment Cost: $24,500.00
Security Deposit: $3,700.00
Amount Funded: $20,800.00

General Comments: This client had a truck that was financed by another leasing company. At the end of the term, the lessee did not have sufficient cash to make the purchase option payment. We were able to structure a deal to purchase the vehicle without additional collateral because the actual value of the truck was more than double the cost of the funding. A GPS tracking unit was installed because the truck was the only piece of equipment in the transaction.

Client #4- NON-HOMEOWNER
Credit Score: 483
Homeowner: No
Equipment: 2 2003 53’ Utility Reefer Trailers
Additional Collateral: 2002 Peterbilt 379 worth $40,000.00
Equipment Cost: $47,920.00
Security Deposit: $7,920.00
Amount Funded: $40,000.00

General Comments: This client had troubled credit and was not a homeowner. We asked him to put down almost $8,000.00 in order to lower the net amount funded to $40,000.00—the maximum transaction size for non-homeowners. Because the customer was not a homeowner, GPS tracking units were installed in the funded trailers as well as the tractor taken as additional collateral

Client #5- SALE- LEASE BACK
Credit Score: 477
Homeowner: Yes
Equipment: Sale-leaseback on a 1981 MCI Crusader Bus
Additional Collateral: Real estate worth $180,000 with $105,000 owed
Equipment Cost: $15,664.94
Security Deposit: NONE
Amount Funded: $15,664.96

General Comments: This client had major credit challenges with multiple collections and no record of having paid even a single bill on time. Fortunately, this client’s mother was willing to put up her condo as collateral. The equity in the property was just enough to meet the additional collateral requirements on a sale-leaseback, so a security deposit was not required.

Client #6- GPS TRACKING
Credit Score: 601
Homeowner: No
Equipment: Komatsu PC7O Excavator
Additional Collateral: 2000 Utility Reefer Trailer worth $13,000
Equipment Cost: $38,500.00
Security Deposit: $14,600.00 (Trade-In)
Amount Funded: $23,900.00

General Comments: This transaction was high-risk because the value of the equipment being funded plus the additional collateral did not meet the proper requirements. Also, the client was living in his parents’ house, but was not deeded as an actual owner. By having the customer put down a security deposit in the form of a trade-in and by installing GPS tracking devices in the newly leased and collateralized equipment, we were able to mitigate the risk.

Client #7- CASH FOR REPAIRS
Credit Score: 0
Homeowner: NO
Operating Capital: $20,000 Sale Lease-Back
Additional Collateral: 2005 Kenworth Sec 8 Sleeper worth $49,000, and 2002 Utility Reefer Trailer worth $31,000
Security Deposit: NONE
Amount Funded: $20,000

General Comments: This client had $10,000 in truck repairs. With a low credit score client had no other options for financing these repairs. The client also had a very small amount of cash-on-hand, limiting his ability to get repairs done and cover down time. Due to the strength of the collateral, we were able to approve this transaction for $20,000 in operating capital. Because the customer was not a homeowner, GPS tracking units were installed in the tractor & trailer taken as additional collateral. With $20,000 client was able to cover both repairs and down time while truck was in the repair shop.

Client #8- WINTER OPERATING CAPITAL
Credit Score: 503
Homeowner: Yes
Operating Capital: $20,000 Sale Lease-Back
Additional Collateral: 1995 Hyundai Robex 200LC Excavator worth $55,000, and 1995 CAT 307 SSR Excavator worth $30,000
Security Deposit: NONE
Amount Funded: $20,000

General Comments: This client had a low credit score due to a divorce. The client needed operating capital to help get though the slow cash flow winter months. This transaction was high-risk because the age of the equipment being used as additional collateral was older than 10 years old, the maximum age of collateral equipment. Since total value of equipment still met the collateral guidelines this client was approved for $20,000 in operating capital