Why Lease?

Free Up Cash  
Leasing provides 100% financing - including items such as shipping, installation, software, and training. There is no need to tie up valuable working capital - making it available for more profitable opportunities such as adding sales personnel, increasing marketing or taking advantage of quantity discounts. A good general rule is to invest Cash and Working Capital on things that Appreciate (i.e. sales people, real estate) and to Lease items that Depreciate (i.e. equipment). Just as you would never pay an employee their full annual salary in advance, leasing allows you to pay-as-you-earn.

Take Advantage of Better Terms
In contrast to bank loans, leases do not require substantial down payments or compensating balances, do not have floating interest rates or restrictive covenants, and can usually be structured for lower payments. Bank loans will typically allow for the note to be arbitrarily called and/or require a cross collateralization of business and personal assets.

Preserve Bank Lines
Bank lines are typically designed for short term cash needs and should be preserved for that purpose. Leasing is an additional line of credit, expanding your financial resources.

Save on Taxes
Very simply, lease payments can be set up as a direct operating expense, paid from pre-tax dollars versus after-tax profits.

How to Proceed…
Fill out the online application completely. Complete applications are usually processed within minutes. Once the approval is offered, documents are immediately available and a customer care representative will call and walk you through the paperwork. All documentation should be signed and faxed to your representative with originals placed in the overnight mail.  Upon approval & receipt of executed contracts, we will advise the vendor and your equipment will be on its way. The lease commences when you actually receive and accept the equipment.  
 
Frequently Asked Questions

Can the lease be canceled or upgraded?
The lease is non-cancelable, but the equipment can be traded in for new equipment before the expiration of the initial term. 

What about insurance?
The lease does require that the equipment be insured. Insurance is available through EquiCapital, or can be provided by your own insurance company. 

Are other lease plans available?
Yes. Your EquiCapital representative will be glad to discuss your special needs. Call toll free:  866.515.2520.