FAQ (Frequently Asked Questions)

CAN I PAY THE LEASE OFF EARLY?
Yes, you can. After you have been in the lease for at least a year. we will discount the amount owed.

ARE THERE ANY PENALTIES FOR PAYING OFF EARLY?
No, As with any financial arrangement though, the longer that you wait the more principal you will have paid down on.

WHAT ARE THE TAX BENEFITS?
Review Our Page On Advantages To Leasing

CAN I RETURN THE EQUIPMENT AND STOP PAYMENTS?
No, the lease is non-cancelable. You may return the equipment after all the lease payments have been made.

HOW LONG CAN I LEASE FOR?
Terms range from 12 to 60 months. We have short term programs and longer terms to 84 months for certain equipment.

WHAT IF MY EQUIPMENT BECOMES OUTDATED?
We have a upgrade program to help with protecting you from obsolescence.

WHAT IS THE INTEREST RATE?
Generally, the interest rates are comparable to bank loans and fluctuate depending on term, equipment, size of request, credit strength of the lessee. With leasing, the entire payment can be treated as a rental expense.

CAN I DEFER PAYMENTS?
Yes, we can defer payments at the beginning of the lease if we are informed up-front or even seasonally deferred where the payments are skipped same month(s) every year.

CAN I LEASE SOFT COSTS OR SOFTWARE?
Yes, we offer software only leasing and soft costs such as training and installation may be included as a part of the lease for any type of equipment.

HOW SOON DO MY PAYMENTS START ONCE THE EQUIPMENT IS DELIVERED?
Rent will be incurred from the day of the equipment arrival.

WILL YOU APPROVE START-UP BUSINESS LESS THAN 2 YEARS?
Oh definitely, we DO APPROVE younger businesses. We base a large part of our decision on the personal credit of the owners. We do charge a small premium for those customers so that we maintain the lowest rates available for everyone.

IS THE LEASE TRANSFERABLE?
Yes, assuming that the new lessee will credit qualify.

ARE THERE TERMS SHORTER THAN 1 YEAR?
Yes, for transactions under $5000.00

DO I HAVE TO PURCHASE ALL MY EQUIPMENT FROM THE SAME DEALER?
No, multiple dealers and multiple types of equipment are acceptable on the same lease. It is not always the best idea. Consult our representative for additional perspectives on what works and doesn't work.

WHAT ABOUT LICENSING AND WARRANTIES FOR THIS EQUIPMENT?
The licensing and warranties offered by the dealer and the manufacturer are passed directly to you.

WHAT ARE YOUR CREDIT QUALIFICATIONS?
We have minimum requirements of a business banking relationship that maintains a low 4($1000.00) average balance. The business must maintain paid as agreed status with it's suppliers. We also look for relatively clean personal credit history on the owners of the business. A less than perfect credit history is acceptable.

HOW LONG DOES THIS PROCESS TAKE?
The credit application approval generally takes less than 24 hours. The lease agreement is then forwarded to you for your approval.

CAN I PUT MONEY DOWN ON THE LEASE?
For the most part, yes. It is not always the most effective way to lower a monthly payment.

WHAT IF I ALREADY OWN THE EQUIPMENT, CAN I LEASE IT NOW?
Yes, although it some instances the rate may be higher.

CAN I LEASE USED EQUIPMENT?
Yes, we like to keep the term shorter than 39 months though.

HOW DO I GET STARTED?
Fill out our credit application, then email it, or fax it, or call us with the information. We look forward to doing business with you.