Certified Lease & Finance Professional (CLFP)

What does a 'credit score' cutoff mean in the context of small-ticket equipment leasing?

A minimum FICO or business credit score below which an application is automatically declined or requires additional review The maximum loan amount for a given credit tier The equipment's resale value threshold The minimum years in business required

Correct Answer:

A minimum FICO or business credit score below which an application is automatically declined or requires additional review

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