Frequently Asked Questions
- How long does it take?
- We can approve most companies in 4 to 24 hours.
- What is the buy out?
- The buyout is your end to term option to purchase the equipment. This can be set at zero or up to 20%.
- What kinds of equipment can be leased?
- Virtually all types of equipments are considered. This is mostly based on the credit of the company we are working with.
- Does the equipment have to be new?
- We can do both new and used Equipment.
- What is the rate?
- All of our application only rates start at the prevailing prime interest rate. With financials rates can start lower that the prime rate.
- Can leases be pre-paid at any time?
- All leases can be prepaid with no penalties.
- Are lease payments a tax write off?
- We can write tax leases, Trac leases & capital leases to minimize your taxes in your specific situation.
- Are lease rates variable?
- All of our leases are fixed for the duration of the term.
- What size lease can I apply for?
- You can apply for a smaller piece of equipment or a lease line of credit with us.
- How long do I have to be in business?
- We can finance brand new companies from the ground floor.