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Lease Types


OPERATING LEASE
Sum total of lease payments equal to less than 90% of the original equipment cost. Followed by a true fair market value determination of the assets value at the end of the original lease term. A very large option to purchase at the end of lease or no option at all for the lessee to purchase the equipment.

FINANCE LEASE
Lease where the lease payments exceed the original equipment cost. Most leases written under $150,000 fall into this category.

FAIR MARKET VALUE LEASES
The end of the lease agreement has a undetermined option to purchase the purchase option is determined to be at the time of the expiration. A "fair market value" generally in transactions less than $150,000, fair market value is estimated at 15-25% of the original invoice.

10% PURCHASE OPTION LEASES
The end of lease agreement is determined up-front as 10% of the original purchase price.

$1.00 PURCHASE OPTION LEASES
Strictly finance lease where at the end of the lease term the customer owns the equipment for $1.00.

RESIDUAL VALUE
Equals the option to purchase the equipment at the end of the lease.
(i.e. 10%, $1.00, fair market value)



APPLICATION ONLY TO $150,000
We process applications for established companies 2 years or longer to approve equipment lines of credit to be used for equipment financing/leasing without all the cumbersome financial statement requirements. Just a simple credit application that is contained here is all that is completed.

FINANCING LARGER REQUESTS
We can process requests for equipment financing/ leasing for long term and/or large projects as high as $1 million dollars.
Note: Financial statements are required.

 

INTEREST RATES AS LOW AS 7.0%
We are able to provide low interest rates for financing of equipment for qualified customers.
Note: Financial statements are required.

 

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