Client Testimonial

“Macrolease has been a consistent, competitive & honest finance partner for several decades. We enjoy working with them and look forward to many more years of growth together”.
- William Banos

William & Angel Banos
CEO & Vice President
Gold's Gym SoCal Group

EFA / Loans

Equipment Finance Agreement or EFA is simply a loan. One of the primary differences between a lease and a loan is who has title to the equipment. In a lease, the lender holds title to the equipment and transfers it to the lessee when the lease is satisfied. In an EFA, rather than having title to the equipment, the lender or Creditor places a lien against the equipment. When the loan is satisfied, the lien is released thus giving the customer free and clear title to the equipment. EFA’s are often used to finance motor vehicles or other types of equipment.