What is a Lease
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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.*
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HOW LONG DOES IT TAKE?
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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.
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HOW MUCH MONEY CAN I GET?
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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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Apply
Now
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DO YOU FINANCE USED EQUIPMENT?
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Yes
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IS THERE A PRE-PAYMENT PENALTY?
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No. Leases can be pre-paid at any time.
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ARE LEASE PAYMENTS A TAX WRITE OFF?
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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.
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