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 $25,000,000.
-
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.