Program Requirements

  • Minimum 3 years time in business
  • Minimum FICO score of 500
  • Provide the 3 most recent complete bank statements
  • If multiple pieces of collateral are pledged to one loan, the full balance must be paid prior to releasing any of the pledge collateral
  • For titled equipment, original title must be received prior to funding. 3 Rivers Leasing will handle the titling. 
  • Insurance is required on ALL equipment
  • Equipment proof of ownership
Sale-Lease-Back Program
3 Rivers Leasing offers one of the best Cash-Back EFA programs in the industry. Using existing equipment as collateral, you may obtain loans up to $5,000,000 for working capital for your business. After approval, you will receive your loan check via overnight mail.
Program Features
Maximum loan amount is $5,000,000
Standard 3 Rivers Leasing EFA credit review model applies to the Cash-Back program, with same pricing / tier calculations:
  • Rates 7 - 16%
  • Tier 1 Maximum loan amount is $5,000,000
  • Tier 2 Maximum loan amount is $75,000
  • Tier 3 Maximum loan amount is $50,000
  • Up to 80% loan-to-value ratio (at underwriters discretion)
  • Maximum Term:  60 months
  • Term may be shorter, depending on useful life of the collateral equipment
  • No advance payment required
Acceptable collateral equipment (hard assets only):
  • Titled vehicles
  • Yellow Iron
  • Construction and manufacturing equipment if the borrower would like to submit other types oaf equipment as collateral. 3 Rivers Leasing will run comps (comparable pricing research) to determine equipment's fair value. If acceptable value is determined (subject to underwriter's discretion) we will grant the loan.                                                                                                                                                                       Any equipment submitted as collateral must be essential and relevant to operating the borrower's business.
Equipment approval and valuation requirements:
  • Condition report (year, make, model, mileage/hours, Vin / Serial #'s
  • Pictures
  • Comparable pricing (3 Rivers Leasing will also conduct comp pricing research) subject to Credit's discretion.                                                 
  • If pictures and comparable pricing are not available at the time of submissions, these will be required prior to docs being sent out - NO ACCEPT IONS                                                                                                                                                                                           UCC searches will be completed on all non-titled equipment. All active blanket liens will require a notarized subordination agreement from the applicable lender.

Heavy Equipment Sale-Lease-Back

Sale-Lease-Back Program even for Bad Credit