Left click on links below

VFG Healthcare Finance Credit Application

VFG Leasing & Finance will work to approve transactions on an "application-only" basis up to $100,000. (Medical up to $150,000.)

To qualify for application-only approval, owners of closely held entities typically must agree to personally guarantee the transaction.

Personal credit bureau reports must be clean and pay histories (to creditors) of the organization must show that obligations are met in a timely manner.

Large organizations, which are not closely held, typically do not require personal guarantees.

In the event an organization does not qualify for application-only approval, VFG will consider approving transaction upon full disclosure of financial information.

"Full disclosure" includes, at minimum, 2 years full financial statements (preferably audited or accountant prepared) along with most recent interim balance sheet and income statement. Depending on the situation, more information may be required.

Prior to credit underwriting, customer is required to sign a proposal and submit a commitment deposit to VFG. Commitment deposit is usually equal to one lease rental payment and is fully (100%) refundable in the event credit is not approved. Assuming credit is approved, subject deposit will be fully (100%) applied to first invoice.