Asked by Monikka Ramkissoon on Jun 08, 2024
Verified
Leasing credit criteria are very similar to the criteria used by commercial banks for equipment loans.
Leasing Credit Criteria
The standards and requirements set by lessors to evaluate the creditworthiness and eligibility of lessees for a lease agreement.
Commercial Banks
Financial institutions that offer a wide range of services including deposit accounts, loans, and other financial services to businesses and individuals.
Equipment Loans
Financial products designed specifically to fund the purchase of machinery and equipment needed for business operations.
- Understand the criteria used by financing institutions in lending decisions.
Verified Answer
Learning Objectives
- Understand the criteria used by financing institutions in lending decisions.
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