Equipment Leasing Options
- Application only up to $75,000. No financial statements necessary.
- Middle market financing up to $500,000.
- Large ticket over $500,000.
We can approve application-only financing in just 24 hours. Middle-market and large-ticket financing approvals typically take 3-5 days. Up to 84-month terms offered with excellent rates. Equipment lease programs are for companies established for a minimum of two years.
Sale & Lease Back
Do you need working capital for expansion, but don’t want to use your bank lines for funding? Our Sale and Lease Back program uses the equity in your existing equipment to get your company the working capital it needs. How does it work? We purchase your equipment from you, giving you the immediate working capital you need. Then we lease it back to you for use. When all payments are made you regain ownership of the equipment.
Startup Program ($5,000 - $25,00k)
If you’ve just started your business or you’ve been in business for a short time (less than two years) we can do what other financial institutions can’t. We can help your business grow by financing the equipment you need to be successful. For more information on financing options available to you, call our financing specialists for a no-cost analysis.
The following are required to qualify:
- Minimum Fico of 660
- Home owner
- 1 Year of tax return documentation
- Personal finanical statements
- A solid business plan
B, C and D Credits
Given the recent economic conditions, many businesses have suffered financially. As a result, some business owners have experienced serious damage to their personal credit. With our “Second Chance” program, we can help you rebuild your company and your credit by evaluating and restructuring your business finances.
Please contact our finance specialists today at 248-465-8642 or fax us at (248) 465-8643 to discuss your goals and how we can help your company get the financing it needs.
The Advantages of Leasing
Leasing is one of the fastest-growing means of acquiring both equipment and funding for your business. In fact, recent surveys show that 80% of U.S. businesses (including both Fortune 500 companies and smaller local companies) lease some portion of their equipment. It’s an increasingly popular solution because of the limited cash flow available to younger companies. Leasing makes the equipment you need available to you, while freeing up more cash for your business and avoiding a major capital investment. At Moniva Capital Group, we can lease virtually any type of equipment including software and installation.
Low monthly payments
The monthly lease payment will usually be lower than the payment required by other methods of financing.
Avoid tying up capital
Maintain cash flow for business expenses and working capital when revenue is low.
Get immediate use of equipment with minimal cost
Leasing covers 100% of your equipment costs. Most leasing programs require lower advance payments, as compared to other types of financing which requires down payments of up to 25%.
Preserve existing lines of credit
Leasing has no impact on your bank credit lines. Protect your borrowing power for other business needs or opportunities.
Keep up with ever-changing technology
Technology changes at a rapid-fire pace which puts your equipment investments at risk for becoming obsolete. Leasing allows you the flexibility of staying current with cutting-edge technology at a manageable cost. Once your equipment has outlived its advantages, you can upgrade without exhausting your working capital.
Fixed payments
Fixed lease payments allow you to better manage your operating costs, as compared to credit lines bearing variable interest rates. In fact, in the 1980’s interest rates rose 11% in just one year putting small business owners at risk. But with equipment leasing, your company avoids falling victim to sky-rocketing rates.
Significant tax and accounting advantages
Because lease payments are generally a “line item expense” (a fixed cost) on your P & L statement, you eliminate daunting depreciation schedules for your equipment. When you pay cash for equipment, you risk adding 30% to 40% to the cost. With leasing, you have the opportunity to reduce your taxes because lease payments are often treated as a pre-tax business expense. |
