Although your business might be making a decent revenue, a credit application could be a standard request when you apply for equipment financing or leasing from Peel Financial. This is because your business credit report tells them how you’ve handled your prior debts and how easy it will be for you to make your upcoming payments.
So, if you have a responsible payment history, good ratings for your existing credit accounts, and a high credit score, you’ll be more eligible for approval, as well as a higher credit amount, a lower interest rate, and a better repayment plan.