Eastern Credit

Venture Leasing & Lending

Venture Leasing and Lending is the term applied to providing secured equipment financing to emerging growth companies backed by venture capitalists or other sophisticated capital providers.

This financing method developed in order for these companies to acquire needed operating equipment without exhausting the expensive development capital raised from equity backers. Equipment financed usually includes essentials such as computers, laboratory and test equipment, furniture, manufacturing and production equipment, and other office automation equipment.

Eastern Credit's Venture Leasing and Lending Division targets both early and later stage, venture backed companies located in the U.K. Most of these companies are involved in high technology or information services, telecommunications, medical, security etc.

Relationships are built around transactions consisting of equipment leases and secured loans, ranging in size from £50,000 to £500,000. Eastern Credit arranges lease lines in excess of £500,000 on a lease syndication basis. Terms vary from 24 to 36 months depending on equipment type and credit strength. Pricing options are typically offered without warrants to preserve our customer's shareholder equity.

Eastern Credit's underwriting requirements for venture leases and loans are based on: