|
|
Bank Loan |
|
Amerifund |
|
Cash |
|
Easy Application |
|
No
Extensive Application +
Personal Financial Stmt. |
|
Yes
Simple 2 Minute
Online Application |
|
No
100% Cash Required |
|
Pers. Financial Statement Needed |
|
Yes |
|
No |
|
No |
|
Additional Collateral |
|
Yes |
|
No |
|
– – – |
|
Quick Approval and Funding |
|
No |
|
Yes |
|
– – – |
|
Deferred and Flex.Paymts Avail. |
|
No |
|
Yes |
|
– – – |
|
Avoid Financial Reporting |
|
No
Shows Debt on Bal. Sheet |
|
Yes |
|
– – – |
|
No Cash or Down Paymt. Needed |
|
No
20% min. down |
|
Yes* |
|
No
100% Cash Req. |
|
Ownership Options at End of Term |
|
No |
|
Yes |
|
No |
|
Used Equipment Approved |
|
Maybe |
|
Yes |
|
– – – |
|
Approval with Low Credit |
|
No |
|
Yes |
|
– – – |
|
Approval with Past Bankruptcy |
|
No |
|
Yes* |
|
– – – |
|
Approval for StartUp |
|
No |
|
Yes* |
|
– – – |
|
|
|
|
|
*OAC |
|
|
|