Frequently Asked Questions
Here are a few questions that often come up during the leasing process. If you can't find what you're looking for here, don't hesitate to get in touch!
When does my lease begin?
The lease begins when you receive and accept the equipment and authorize us to release payment to one or more of your vendors.
Is it possible to include equipment from more than one vendor?
Yes; many of our leases include multiple vendors.
Do you provide financing to start-up clubs/stores?
Yes; we are experienced in financing start-up ventures.
Is there a maximum or minimum lease amount?
Our leases range from $25,000 to $5,000,000.
Are your interest rates fixed or variable?
Our rates are fixed. The monthly payment you are quoted is the amount you will pay.
Are Personal Guarantees required?
Depending on the ownership structure of the company, personal guarantees may be required. Public entities, not-for-profits, building associations and/or real estate ventures will not require personal guarantees.
How long does it take to process a credit approval?
Typically within 24-48 hours of receiving a complete credit package.
How long are credit approvals valid?
120 days from approval date.
Will Macrolease finance tenant improvements or Leasehold Improvements?
Yes; in conjunction with equipment we can provide financing for tenant improvements.
Can I pay off a lease early?
Yes. You can pay off your loan at any time, but it is not recommended in the first year.
What are your financing terms?
We offer repayment terms from 12 months to 84 months, depending on collateral and creditworthiness.