Equipment Leasing Broker License

And your own business will enjoy the competitive advantage of our streamlined.

Equipment leasing broker license.

Welcome to the american association of commercial finance brokers aacfb the premier organization supporting the commercial finance broker. Needless to say i agree with my good. California broker s should have california lenders license joe bonanno esq clp legal counsel for the national association of equipment leasing brokers i was unable to get back to you when you sent me an email requesting my. State licensing requirements also include a set of fingerprints taken by a law enforcement agency payment of the examination fee and the state license fee.

Present an official copy of your completed coursework showing the school seal and official signatures at the time of license application. Legislation based on california s law would establish finance lenders licensing regimes that would severely restrict the financing of commercial equipment leases and increase the cost of financing. When you partner with amur equipment finance you give your clients access to the financing and leasing options that are best suited to their business needs. Aacfb is a one stop broker resource providing our members with business tools funding sources and a network of powerful resources.

Elfa continues to monitor state legislatures interest in lender s license laws and works with in state coalitions in the states where they arise to educate lawmakers on the negative economic. Our diverse funding sources and deep industry expertise enable us to be active in both small ticket and middle market lending from 10k to 2mm and beyond. With rapid credit decisions a clear online process and comprehensive funding within hours we have programs that can support your customers of all credit profiles and sizes. The duty of a leasing broker is to bring together three parties business owners and managers wanting to lease equipment for their businesses equipment manufacturers and retailers wanting to sell.

As a financial services provider of equipment leasing timepayment has supported the broker community for over a decade. Since many equipment leasing and finance companies elfc doing business in california engage in some transactions that may not be true leases many elfcs applied and obtained a. As an equipment leasing broker in which you arrange agreements between businesses who need but can t buy necessary equipment and manufacturers or retailers of said equipment specific knowledge of for instance office computer equipment will be critical as well as knowledge regarding the accounting and tax treatment of leased equipment. Tcs equipment finance s broker program enables us to quickly and efficiently work with referral partners such as brokers banks and other business services to help their clients with their equipment leasing needs.

In general and unless exempt any person engaging in business as a finance lender or finance broker is required to obtain a california finance lenders license.