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Why lease?

You’re a growing business and need to finance machinery that won’t saddle you with high fees, exorbitant late charges and contracts only a lawyer could love. The solution? Leasing Program. Here’s why:

  • Early Pay-off — offers one of the most customer-friendly early pay-off provisions in the industry.
  • Simple One Page Lease — Our contract is one page (front and back), written in standard English.
  • No Blanket Liens — The security interest is in the leased equipment only.
  • 10-Day Payment Grace Period — We always give a 10-day grace period on payments.
  • No Hassles — Our leases aren’t subject to annual renewal and/or call provisions.

Lease to Own

These typically allow the buyer to own the equipment at the end of the lease for just $1.00. Advantages include:

  • Low monthly payments.
  • Tax benefits: Many customers qualify for a tax incentives under Section 179 of the IRS Tax Code plus depreciation and interest expense. Always check with your accountant to verify how these tax benefits will affect your company.
  • Leaves your bank line of credit available for other uses.
  • Low down payments -- Preserves your working capital because leasing requires no down payment and provides 100 percent financing, including ancillary costs, such as shipping and installation. Operating capital is saved for revenue-generating investments.
  • Equity investment — At the end of the lease, you own the equipment for $1.00 or the specified amount.
  • Longer terms with fixed rates — Bank loans typically use floating rates and these can be called in anytime during the loan. Leases offer fixed payments through the entire term and are not callable on demand or subject to annual renewals.
  • Simplified paperwork.
  • Flexibility. There are a variety of leasing products available, allowing the lessee to customize a program to address needs and requirements - cash flow, budget, transaction structure, and cyclical fluctuations. Leasing Application

To apply for our leasing program please download our Credit Application