(a checklist for innovators)

Here are some general guidelines for use by prospective LTI Venture Leasing customers. They reflect how our investment committee judges the merits of prospective applications.

Management: A strong core management group with proven performance record and a high level of integrity.

Investor Support: Reputable venture capital or angel backers and/or corporate sponsors who are presently supporting the customer.

Market Prospects: Promising or proven set of products/services capable of establishing strong market positions.

Business Forecast: Well articulated business plan, projections and reliable recent financial statements.

Credit References: Trade and credit references (minimum of three) revealing payment histories consistent with industry practices.

Liquidity: Liquid assets and/or cash flow to cover overhead requirements and debt obligations for a period that typically ranges from 9-18 months, depending on the equipment mix and term of the proposed lease.

Capitalization: We look for a positive net worth inclusive of subordinated debt and long term shareholder notes. Consideration is given to commitments made for future equity fundings by reputable angel investors, venture capitalists and/or corporate partners.