FAQs
• What can I finance?
Generally you can finance any type of equipment that is used for your business, such as
phone systems, construction equipment, trucks, medical equipment, etc.
• How much can I finance?
We will finance 100% of the equipment cost assuming that your credit quality is solid.
• How long are the terms?
Lease terms range from 12 to 60 months for most equipment. The term is arranged
depending upon your needs and credit strength.
• What happens at the end of the lease term?
Most commercial leases today are written so that you own the equipment at the end of
the term for $1.00. We do not write leases that cause artificial extensions at the end of
the term.
• How long does it take to get an approval?
It generally takes than a day to get an answer after the requested data on you and your
business is received.
• What information will you need to make a credit decision?
For privately owned businesses we generally need our completed application, 2 years
of financials or tax returns, bank account data, and sometimes interim statements.
• Why don’t I just go to my bank for a loan?
In today’s credit environment many banks have stopped or reduced lending on
equipment. Those banks that are still lending will require substantial down payments
and shorter terms. We can provide zero down payment and longer terms as well as
next day answers and fast funding. Banks may take weeks to provide answers and
funding.
Generally you can finance any type of equipment that is used for your business, such as
phone systems, construction equipment, trucks, medical equipment, etc.
• How much can I finance?
We will finance 100% of the equipment cost assuming that your credit quality is solid.
• How long are the terms?
Lease terms range from 12 to 60 months for most equipment. The term is arranged
depending upon your needs and credit strength.
• What happens at the end of the lease term?
Most commercial leases today are written so that you own the equipment at the end of
the term for $1.00. We do not write leases that cause artificial extensions at the end of
the term.
• How long does it take to get an approval?
It generally takes than a day to get an answer after the requested data on you and your
business is received.
• What information will you need to make a credit decision?
For privately owned businesses we generally need our completed application, 2 years
of financials or tax returns, bank account data, and sometimes interim statements.
• Why don’t I just go to my bank for a loan?
In today’s credit environment many banks have stopped or reduced lending on
equipment. Those banks that are still lending will require substantial down payments
and shorter terms. We can provide zero down payment and longer terms as well as
next day answers and fast funding. Banks may take weeks to provide answers and
funding.
Frequently Asked Questions
 |
| |
 |
| |
 |
| |
 |