Leasing Programs

Pioneer Capital Corporation has a reputation for offering some of the most innovative broker programs in the industry.

We offer leasing programs for:

Existing Businesses - Over 2 years in Business
New Businesses - 6 Months to 2 Years
Hard Asset Program - For Machinery
Deferred Payments - 2 to 6 Month Deferrals
Franchise Leasing Program - App Only to $75,000
"C" Credit Program - For Credit Scores As Low as 620

Pioneer Platinum Program for Existing Businesses

For Firms in Business over 2 Years.

Below is a leasing program rate chart representative of a program for an active broker. Pioneer does offer additional rate programs for high volume brokers (see your Pioneer Representative for details). This application-only to $90,000 program covers most leasing situations. All lessees are required to be at least 2 years in business. All rate factors assume 2 payments in advance. Your actual Pioneer rate chart may vary from below due to your funding levels with Pioneer.

Current Platinum Program Rate Factors

Equipment Cost	End Of Lease	24 Mo.	36 Mo.	48 Mo.	60 Mo.
$5,000 to $250,000	10% PUT $1 Out	.04254 .04617	.03030 .03258	.02423 .02583	.02062 .02182

New Business Program

The New Business Program is only for active Pioneer Brokers. It allows brokers to offer leasing to newer businesses which are at least 1 months old. Firms in business under 1 year can be eligible for up to $15,000 in leases. Firms at least one year in business can be eligible for up to $25,000 in leases.

Current New Business Rate Factors

Equipment Cost	Purchase Option	Commission Allowed	24 Months	36 Months
$5,000 to $25,000	10% PUT $1	8%	.04748 .05090	.03512 .03717

Additional Credit Requirements

Security Deposit - 5 payments required as security deposit.
Time in Business - Lessee must be at least 1 months in business.
Owner's credit bureau - Must score above 670 on Fair Issacs.
Bank Reference - Low 4 minimum
Revolving Credit - Cannot exceed $25,000.
ACH Agreement Required - Lessee must accept ACH payments.
Landlord Reference- We must get a landlord reference and copy of office space agreement.
Inquiries - No other inquiries by other funding companies will be tolerated.
No High Risk Equipment/Industries - No restaurants, hotels, construction firms, insurance agents, or unusual equipment. No software only transactions.

Hard Asset Program

The hard assest program allows you to offer a very low FMV or PUT residual lease to lessees acquiring industrial equipment, forklifts, machine tools, yellow iron, and other industrial equipment. Minimum lease for this program is $10,000. This is an application-only to $75,000 program, but we will consider larger deals for application only approvals on a case by case basis (up to $100,000).

Current Hard Assset Program Rates (FMV option)

Transaction Size	End of Lease	24 Month Term	36 Month Term	48 Month Term	60 Month Term
$10,000 TO $75,000	FMV	.04185	.02965	.02351	.01989

*Rates assume FMV and 2 security deposits.

Acceptable Equipment for the Hard Asset Program

Automotive Equipment (no spray booths)
Printing Equipment (non-computer)
Production Line Equipment
Industrial Equipment
Forklifts
Woodworking Equipment
Machine Tools
Yellow Iron Equipment (Non-Titled)

Quick Facts on the Program

Credit Bureau - Good credit with no recent suits, judgments, or liens over $2000 in last two years. All recent inquiries must be explained, and any recent submittals must be revealed by Broker. Maximum of $25,000 in revolving debt on credit bureau, Lessee must be home owner.

Acceptable Equipment/Industries - All non-computer equipment listed above. Will consider used equipment.

D&B Requirements - Lessee must be listed in D&B with paydex of 68 or better with no open suits. liens, or judgments. Report must indicate more than 15 employees on D&B.

Maximum Commission - 8% up to $75,000

Approval Time - 6 Hours.

Time in Business Requirement - 7 years.

Deferred Payments Program

Having trouble closing that lease, or do you need an exciting program to get you Vendors going? Pioneer’s deferred leasing programs can help you get your business going! Imagine offering a customer the ability to get into his lease in the most affordable way he can - 1 payment to start the lease and no payments for 3 months! If your lease approval says “2 x 0 Approved”, your Lessee is already pre-approved for this program!

Current Deferred Payment Program Rates

Equipment Cost	End of Lease	36 Months	48 Months	60 Months
15,000 to $25,000	10% PUT $1 Out	.03366 .03618	.02634 .02812	.02210 .02344
$25,001 or more	10% PUT $1 Out	.03352 .03605	.02620 .02799	.02196 .02331

Uneven Payment Cycles (On/Off Month Leases)

Pioneer can custom develop a lease payment schedule to suit your Lessee's needs. As an example, for someone in a winter-dependent business, we can schedule full payments during each month December through April, and partial payments each month May through November. These programs are created on a case by case basis. Contact your Pioneer Representative for more information.

Documenting Deferral Leases

Follow normal monthly payment documentation procedures (standard set of documents) using the Zaplease.com system. Add the “Schedule B 6x100” or “Schedule B 2x0” to your requested documents (depending on your preference). You will have to manually add the correct payment and taxes to this schedule as follows:

On "Rental Stream" states - There should be no taxes on the monthly payment and taxes on the security deposit (based upon tax rate on approval).
On "Up Front" states - Tax should calculated on the equipment cost and added to the total amount leased. Multiply this total lease (equipment + tax) times your desired rate factor. to determine monthly payment. Security deposit will be one monthly payment (in 2x0 Program) or $100 (for 6X100 Program).
"Gross Receipts" states - Call your Pioneer Rep!

Franchise Leasing Programs

Develop repeat sales through Franchise Leasing!

Pioneer Capital Corporation is actively engaged in soliciting Franchisors who wish to include a leasing program to assist in the sale of franchises. Independent leasing brokers can find this industry both exciting and profitable.

Pricing And Capabilities of Program

Before any final details of rate, terms, commission to broker, and extent of remarketing by Franchisor can be determined, Pioneer must review the Franchisor's Uniform Offering Circular and any and all brochures used in selling to franchisees. The following is a list of leasing needs this program is currently handling for 9 major Franchisors with total program volume in excess of $20.0 million per year:

New Start Up Franchisees - New stores can qualify for application-only approvals to $75,000!
Refinances of Existing Stores - Enable existing franchises to generate needed cash to expand or consolidate.
Investor Buyouts - Pioneer has leased 70% of acquisition costs of franchises being purchased by new buyers.
Construction Costs - Pioneer has some programs where most construction costs can be included in the lease.

Key Factors and Requirements for a Franchisor

Overall Success of Franchise - Franchisor must have at least 50 franchise units operating.
Success Record of Existing Franchisees - Franchisor must have a low turnover/failure rate.
Overall Strength and Stability of Franchisor - Franchisor must have a minimum net worth of $1.5 million.

To contact Pioneer about a franchise opportunity, click here, or call your Pioneer Representative today!

Pioneer Credit Window Plus For "C" Credits

Pioneer Credit Window Plus is a program that approves Lessees with credit scores as low as 620 Fico or other credit problems which would normally require us to decline a transaction. Approvals under this program will only be issued to Brokers who have funded a transaction with us in the last 45 days.

Current Credit Window Plus Rate Factors

Equipment Cost	Commission Allowed	Purchase Option	24 Months	36 Months	48 Months	60 Months
$5,000 to $50,000	10%	10% PUT $1 Out	.04446 .04791	.03236 .03447	.02640 .02784	.02288 .02394

Credit Requirements

Eligible Brokers:	Broker must have funded at least 1 transaction with Pioneer in the last 45 days.
Time In Business:	Lessee must be at least 3 years in business.
Credit Bureau:	Must score above 620 on Fair Issacs FICO score. PG must be a homeowner with no mortgage or auto loan slowness in the last 12 months.
Charge Card History:	Lessee cannot have more than: (1) One late trade line in the last six months on a major charge card (VISA or Mastercard) and (2) More than 2 periods of lateness in 12 months on a major charge card (VISA or Mastercard).
Bank Reference:	5-25K - Med 4, 25-35K - High 4, 35-50K- Low 5.
Revolving Credit:	Cannot exceed $35,000. Require 35% available if revolving balances exceed $20,000.
ACH Agreement Required:	Lessee must accept ACH payments.
Paydex/Paynet:	Lessee must have 50 paydex or better. Paynet (if available) cannot show more than one period of lateness in last 12 months.
Inquiries In Last 6 Month:	670+ FICO - maximum 5 leasing/finance company inquiries 650 – 669 FICO - maximum 4 leasing/finance company inquiries 620 – 649 FICO - maximum 3 leasing/finance company inquiries
Restaurants:	We will not approved new restaurant locations unless it is at least their 3rd location. All new restaurants are limited to $25,000.
Maximum Commission:	10% maximum commission allowed
General:	No Corp-Only approvals will be given. Deals $35,000 to $50,000 require comparable lease or loan history. No broker-retained or shared residuals allowed on this program.