Underwriting Criteria
The following outlines Tnui Asset Finance's underwriting criteria.
New Startups
| Amount |
£10,000 to £300,000 + VAT |
| Term of lease |
12-60 months |
| Advance payment |
£0.00 for amounts under £3,500, over this 1 – 3 months rentals |
| Valuation fee |
Based upon asset value |
| Administration fee |
£450 + VAT |
| Usual requirements |
- Business plan
- Three months personal bank statements
- Clear credit search
- Photographic ID
- Directors guarantee (if Company is Ltd)
|
Established Businesses
| Amount |
£10,000 to £300,000 + VAT |
| Term of lease |
12-60 months |
| Advance payment |
£0.00 for amounts under £3,500, over this 1 – 3 months rentals |
| Valuation fee |
Based upon asset value |
| Administration fee |
£450 + VAT |
| Usual requirements |
- Business plan
- Three months trading bank statements
- Accounts
- Clear credit search
- Photographic ID
- Directors guarantee (if Company is Ltd)
|
