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Membership Guidelines and Information Required Of Prospective Members |
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Applicant must be in the equipment leasing and finance business for at least five years.
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Principals must have a minimum of ten years industry experience.
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Applicant must be an independently owned commercial finance or leasing originator.
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Applicant must have annual originations of $5,000,000.00 or greater.
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Applicant must agree to OneWorld’s Membership Ethics and Code of Conduct Statement. |
Member Application will include:
- Bank reference(s)
- Funding reference(s)
- Trade reference(s)
- Resume of principal(s) and owners
- Personal credit check on majority owner(s)
- Disclosure of any significant past, present or pending litigation.
- Disclosure of any past or present disputes with any funding source(s).
- Disclosure of any present or past requests from any funding source(s) for the return of a commission (or fee) or the repurchase of a transaction.
Financial Statement Requirements:
- Last two year-end reviewed or audited financial statements - corporate tax returns must be provided if reviewed or audited are not available
- Interim financial statement
- Personal financial statement on majority owner(s)
- Satisfactory D&B report
- Satisfactory industry references.
General Information/Description Of The Member:
- What types of collateral are financed
- What percentage of origination are App Only and what percentage are commercial
- Average transaction size
- Special needs indicators or programs
- What percentage of originations are vendor based and what percentage are lessee based.
Membership is by invitation only. Interested parties should contact Lou Manitzas, President, 512-458-1300
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