| COMMERCIAL LEASE - PURCHASE |
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What is a Commercial Lease - Purchase?
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A Commercial Lease - Purchase is an equipment financing contract that allows you to acquire the business equipment you need by making fixed monthly payments for the term of the lease. This affords full use of equipment without spending all of your capital by purchasing the equipment outright. With leases you generally make only the first and last payments at the start of the lease. Financing your equipment in this manner allows you to choose the term of your lease; flexible 12- to 60-month terms to qualified customers, and you can choose a flexible end-of-lease purchase option.
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| Who Qualifies? |
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Leasing is available to business and non-profit customers who have been in business for 2 years and are not a government entity. Subject to credit standards.
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| Why Choose a Commercial - Lease Purchase? |
1. Conserve Capital: Because of the sizable cash outlay involved in equipment acquisitions, many businesses lease to conserve capital.
2. Faster and easier than bank loans: Lease - Purchase programs are designed to take the red tape out of financing. Banks may require compensating balances or other restrictive policies such as sizable down payments, client list reviews, cash flow projections, etc. Lease - Purchases can be approved and funded within 24-48 hours.
3. Lease - Purchases provide an alternative source of credit, preserving existing bank lines.
4. Lease - Purchases permit you to acquire the needed equipment now and let the time and cost savings generated by the new equipment be the source of payback on the lease.
5. Increase your purchasing power. Since the incremental monthly cost of a larger unit or additional desired features is so small, you can “upgrade” to better equipment. |
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Return to Lease - Purchase Programs |
