Speed Queen Financial Services is the market leader in the financing of both new store and replacement projects. We strive to offer the best financing available to our Newcomer and Veteran customers alike. Our Veteran category is for customers with three or more years of business ownership experience, while Newcomer customers have less than three years of ownership experience.
Speed Queen Financial Services provides a variety of finance options including our standard fixed and variable rate notes. Our fixed rate notes offer predictability in monthly payments for ease in budgeting and have a 90 day deferred payment option. Our variable rate notes are available to our Veteran customers and have become the vehicle of choice for these experienced business owners. From time to time, Speed Queen will complement its standard programs with seasonal promotions.
In an effort to provide customers with immediate feedback, Speed Queen has developed our PREQUAL program to prequalify customers prior to submitting a complete application package. With only a completed credit application and personal financial statement Speed Queen will prequalify a customer’s financing request. A final decision will be made after receipt of the completed package and a thorough review of the total project.
Financing Requirements*
| VETERAN - UNDER $100K: | NEWCOMER & ALL REQUESTS OVER $100K: |
|---|---|
| Credit Application | Credit Application |
| Distributor Sales Proposal | Distributor Sales Proposal |
| Brief Transaction Narrative | Detailed Narrative/Business Plan |
| 3 Months Bank & Investment Statements | |
| Personal Financial Statement | |
| Personal & Corporate Tax Returns | |
| Pro forma (projected income & expenses) | |
| Competitive Analysis | |
| Demographic Analysis |

