| What
is asset based financing?
|
| Asset
based financing is the financing of equipment and vehicles by
way of a secured loan, conditional sales contract or lease.
|
| |
| Financing
solutions to your needs |
Because every company’s financial situation is different, we
offer customized financing programs to suit your needs. We offer
specialized financing programs incorporating seasonal or even
"skip" payments. Financing can be structured to meet the cash
flow of your business with payments scheduled monthly, quarterly,
semi-annually or annually. Flexibility is an attractive option
with asset-based financing. Leasing is generally a far more
flexible means of using equipment or vehicles than traditional
lending. |
| |
| What
is a lease? |
| A
lease is an agreement where the owner conveys to the user the
right to use equipment and vehicle in return for a number of
specified payments over an agreed period of time. Just about
anything can be leased. It is a simple way of acquiring equipment
or an alternative to paying cash or taking a loan. Leasing is
an increasingly popular choice to add equipment to your business
in today’s competitive market. |
- Capital
Lease: Provide the customer with a stated purchase
option. Used to finance the use of equipment and vehicle
for the major part of its useful life and the lessee could
obtain ownership by the end of the lease term.
|
- Operating
Lease: Provide the customer with a renewal option
or a purchase option. Usually financed equipment for less
than its useful life and at the end of the lease term, the
lessee can return them to the lessor without further obligation.
|
| In
both cases, the leasing company purchases the equipment from
the dealer and then provides use of that equipment to the lessee
under the terms and conditions of the lease. |
| |
Up
to 100% financing or minimal down payment required. 