Marlin Capital Solutions is a publicly traded (NASDAQ: MRLN) equipment finance company with a specialized focus in small business lending, with an entire team dedicated to commercial HVAC financing solutions.
There is no cost to the contractor to use Marlin’s commercial financing.
Depending on the payment plan that you’re approved for at the time of application, you can get 100% payment upfront, 50% advance payment or payment in full upon delivery and installation. All payments are typically made within 24 hours of agreement execution and/or installation via ACH.
To be approved by Marlin, you must have been in business for 2 years or more. For anyone who has been in business under 5 years or has under 10 employees, Marlin generally asks for a personal guarantee; plus they typically look for a credit score in the range of 620 or higher. For businesses that are 5 years or older with 10 or more employees, Marlin will generally make a business lending decision from companies' Dun & Bradstreet report, where they'll be looking for a comparable borrowing and that their bills have been generally paid close to on time, with a Paydex score of 60 or above.
Approval decisions are typically made between 2-4 business hours.
You’ll be contacted by a member of the Marlin team and asked to set-up a follow-up webinar to do a brief training. Your Marlin account will also be added to Credit for Comfort so you can transact directly from the app.