What is a Lease

A lease is a simple agreement between the owner of equipment (Lessor) and the end-user (Lessee) providing for the exclusive use of equipment for a monthly fee.  Leasing is the fastest growing method of paying for business equipment in the US.  

Currently 80% of U.S. businesses lease new equipment acquisitions.*

HOW LONG DOES IT TAKE?

Leasing is very quick, much faster than a commercial loan. Requests for up to $75,000.00 can be approved on the same day with a one page credit application. Documents are overnighted, hand delivered, or e-mailed to you, and a Purchase Order is immediately faxed to your vendor once documents have been received.

HOW MUCH MONEY CAN I GET?

Just about any amount.  We currently write leases from $5,000 to $5,000,000. Amounts under $100,000 can be done with a simple 1 page application.  Larger amounts require more information from you.

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WHAT KINDS OF EQUIPMENT CAN BE LEASED?

Just about any kind of equipment from furniture to hi-tech specialty equipment or software. This can include all soft costs (delivery, setup, electrical etc.)

DO YOU FINANCE USED EQUIPMENT?

Yes

IS THERE A PRE-PAYMENT PENALTY?

No. Leases can be pre-paid at any time.

ARE LEASE PAYMENTS A TAX WRITE OFF?

Typically the IRS will allow you to write off 100% of your lease payment on a 10% or a Fair Market Value lease. You should consult your accountant for specific application to your business.