Underwritting
What three colors are used to post a write up in Slack
Red, Yellow, Green
What is the average approval expiration for our founding sources
60 or 90 days
What country is the largest island in the World
Greenland
What are the three methods of processing funding transactions
Credit Cards
ACH
Wire
What is the minimum FICO score for Leaf
700
In Med Rep Screening what is consider a Yellow credit decision? (FICO and TIB)
FICO: 660-710
TIB: Over two years in business
Name 5 Vendors
Allergan, Alma, BTL, Cynosure, Cutera, Lutronic Aesthetics, InMode, MagVenture, Neuronetics, Sofwave, Sciton, Summus Lasers, Venus Concept, and Viora
Solve for X:
2x - 3 = -7
-2
In a funding package who receives the Certificate of Insurance?
Operations Team
Who do you email to submit an app for LeasePoint Fund I
Christian and Jeff
Name two of the four ways we receive credit application requests.
1. Slack
2. Website
3. Text Messages
4. New Status Queue
What are the restrictions for Balboa
No anesthesiologists, emergency/pain medicine, chiropractors, registered nurses (RNs), or optometrists. NPs are not eligible for TMS
Name all 7 dwarfs in Snow White
Doc, Sleepy, Dopey, Grumpy, Happy, Bashful, Sneezy
What is a UCC?
Shows the lien on the device that allows the lender has right to the equipment.
Name 4 of the 10 Banks that accept LeasePoint Docs
Balboa, Leaf, LeasePoint, Navitas, First Foundation, Channel, Macquarie, Amur, Bank Financial, and Pathward
What is classified as Non-Core when purchasing BTL equipment.
Family Medicine, DO, and OB/GYN
Name 4 of the 7 banks that require a hard credit pull
Baycap, Pathward, NFS Leasing, Highland Capital, Continental, Leaf, Banleaco
This lake on the U.S.-Canadian Border is the largest body of fresh water in the world
Lake Ontario
Name the five funding requirements
Signed Documents
Voided Check or ACH
Driver's License
Tax ID
Vendor Invoice
Name three of the approved devices Leaf will accept
TMS Devices, Summus Laser Devices, Alma Opus, Cutera, Cynosure, BTL, Rigaku
Name all Corp Only Banks
Crestmark, Balboa, Navitas, Leaf, Centra/4 Hour, and First Foundation
What are the restrictions for Meridian
All non-core practices/med spas underwriting is looking for an established aesthetic footprint of two years,
not first device.
No Reveal Lasers. No chiropractors.
This title superhero got his name from a list of bets on who would get unalive first
Deadpool
Name 6 of the 15 documents needed for a funding package
Credit application, EFA, DocuSign Certificate, Driver's License, Voided Check, Vendor Invoice, T.Val, Broker Invoice, ACH, COI, UCC, Proof of Vendor Funding, Verbal Sheet, Site Inspection, Goodbye Letter, and Discount Agreement
Which banks will NOT allow LeasePoint to broker deals in California
Amur, First Foundation, Targeted Lending, Macquerie, and Channel Partners