Leasing Information

Payment Factors

Transaction Size	60 mos.	48 mos.	36 mos

10% Purchase Option

$5,000 - $49,999	0.02281	0.02648	0.03268

$50,000 - $150k	0.02229	0.02598	0.03221

$150,000 +	0.02177	0.02549	0.03174

$1.00 Buy out

$5,000 - $49,999	0.02391	0.02797	0.03484

$50,000 - $150k	0.02342	0.02751	0.03441

$150,000 +	0.02294	0.02705	0.03398

· Equipment packages should be at least 70% equipment (exceptions may be considered)

· Customers must have actively operated Business for 2 years, or have other support

· Lease subject to credit approval

Calculating Lease Payments

A firm lease payment cannot be given until we review the company’s application package. For a quote simply multiply factors above by the equipment cost.

Example:

$50,000 x .02175 = $1,087.50 a month with 10% purchase on a 60 month term.

Benefits of a Lease

	Conserves capital
	Conserves bank credit line
	Balance sheet effect (improves ratios)
	Eliminates obsolescence
	Overcomes tight budget limitation
	Fast tax write-off
	No down payment required
	No points or closing costs
	Equipment in lease only collateral

Information needed for transactions up to $75,000

· Credit Application only

· 2 years in business

· Bank and trade information

· Personal information filled in on credit application

Information needed for transactions over $75,000

· Completed Lease/Financing Program application.

· Last two year-end financial statements.

· Last two years tax returns if financials are unaudited

· Complete equipment description.

· Personal Financial Statements if available

· Last two years personal tax returns