The lease begins when you receive and accept the equipment and authorize us to release payment to one or more of your vendors.
Yes; many of our leases include multiple vendors.
Yes; we have provided financing for many start-up ventures. Approval terms are based on the ownership’s experience and financial strength.
Our leases range from $10k upwards to several million dollars.
Our rates are fixed. The monthly payment we quote you will be the same payment you’ll be paying when your lease commences.
It depends on the ownership structure of the company. They are usually required on closely held companies. If we are lending to a public entity, Not-for-Profit, building association or real estate venture, personal guaranties are usually not required.
Typically within 24-48 hours of receiving a complete credit package.
120 days from approval date
Yes; our parent bank is a Preferred SBA lender and we write many SBA transactions a year in conjunction with an Equipment Lease through Macrolease.
Yes; a serious amount of our business is written to a variety of Not-for-Profit entities including YMCA’s, JCC’s and some universities.
Yes; we write many FMV leases for good quality equipment and Lessee’s with quality financial strength.
Yes; providing that a majority of the amount we’re leasing is hard equipment and the Lessee can demonstrate an ability to repay.
After receipt of 12 timely payments, a buyout figure will be provided upon request, discounting unearned interest.
We can make some adjustments to the lease within a few months of funding depending on the amount being added and the length of time since the lease started. It may be appropriate to write a new lease for the additional items.
Typically 5 years is the upper limit, however, we make exceptions based on the collateral and financial strength of a lease.
No, we do not charge interim rent. You will only pay for the agreed upon number of payments as per your lease.