The private label program offers discount financing to established Lessors who have demonstrated the ability to originate a significant level of lease volume and service their own portfolio. The program is designed to provide the advantages of building your own portfolio, without the administrative and financial burdens. 

Main Street Bank invoices the lessees under the lessor’s name. The lessee is unaware the lease has been sold.  Private label lessor continues to service, retaining identity with the lessee, and has the opportunity to solicit repeat transactions.

Main Street Bank provides a lock-box service where all payments are routed.  Lessor need not worry about cash accounting and cash management.

Main Street Bank provides a credit guidelines checklist, for the lessor to use in evaluating transactions. This grants the lessor personal assurance in knowing that transactions fitting the guidelines will be purchased. Approval ratios should be in excess of 95%.

Main Street Bank provides application transactions up to $75,000.

Main Street Bank will consider developing special credit criteria with lessors having strong vendor relationships.

Main Street Bank’s program provides limited recourse provision if 10% of the total amount is sold to Main Street.

Main Street Bank offers a 97% advance rate of the full present value.

Main Street Bank provides lessors with daily cash application and delinquency reports, via the internet.