Frequently Asked Questions
1. Project Consideration Check List
Is it equipment?
Is the equipment essential to the business?
Is it for an existing business? (i.e. not a startup)
Is it in the USA or Canada?
Is the need $50k or more (annual capital need)?
Does the business have good cash flow or a strong balance sheet?
Does the business have good credit history?
2. Pengar Capital Project Candidates?
Strong credit but low residual collateral
Challenged credit but strong cash flow
Strong balance sheet but low cash flow
Young company with aggressive growth and cash flow growth
Strong collateral but medium cash flow and okay balance sheet
FF&E and other types of equipment that the banks won’t fund
Aggressive growth opportunities where time to close is important
Cash flow is important
Traditional “B Paper” equipment projects
Unique business models with strong credit and good cash flow
3. Other Strengths of Pengar Capital
A great capital source for flexible customized transactions in cash flow sensitive situations
Experienced at building vendor specific equipment finance models
Open to non-traditional equipment finance opportunities
Also specialize in progress funding (i.e. when a lease requires periodic disbursements to vendors for a percentage of the equipment or work completed).
4. Why you should work with Pengar Capital?
You keep and manage your relationships and Pengar Capital does the financing.
You make more money working with Pengar Capital than other equipment finance firms
Pengar Capital has more experience with financial engineering and underwriting equipment than other companies
Pengar offers loyalty, flexibility, customization, and a wide range of capital availability with a quick turn around
5. What is Pengar Capital’s funding range?
$50K to $150MM per project funding
Typical funding range of $500k to $20MM
6. What is the timing to close for funding?
Once a complete application is received it typically takes two to three weeks to close
More complex projects may take additional time
7. Can Pengar Capital fund equipment for younger companies and non-traditional projects?
Yes. Pengar Capital’s investors include alternative investment partners that allow for more flexibility for structure and young businesses.
8. Are Pengar Capital’s rates competitive?
Yes, we provide the best rate possible given the project details and credit
Pengar Capital specializes in cash flow leases that match a company’s needs
9. Creative equipment types Pengar Capital considers?
Any equipment that is essential for your business
10. I don’t need financing but my customers do, can Pengar Capital help?
Yes! We can help your business grow by giving you the edge of offering your customers in-house financing. Pengar can customize an in-house financing option for your customers so you can close more sales and take better care of your customers.