The only collateral pledged is the leased equipment. Consequently, the payment
will be slightly higher because less collateral value is given. A major asset
(personal residence, building, car, business, etc.) is not pledged as collateral,
only the leased equipment.
Increase Cash Flow
The new equipment, which you are acquiring, will generate income. The profits
generated from the productivity of the new leased equipment are usually greater
than the lease payments. Therefore, this will improve your cash flow.
Conserve Your Cash
Leasing allows for the conservation of capital, which may be retained and utilized
elsewhere to increase profits.
Additional Lines of Credit
Leasing allows for the preservation of bank lines of credit, which leaves your
local bank borrowing power open for other business or personal needs.
Leasing affords you more flexible options at the end of the lease. The leased
equipment can be purchased at a pre-set price, fair market value, or returned.
Other Business Assets Are Protected
In the event of default, because we only collateralize the leased equipment, we
will repossess only the leased equipment. A bank will usually require other business
assets or your home, which they can in turn repossess.
Important Information About Procedures For Opening A New Account:
To help the government fight the funding of terrorism and money laundering
activities, Federal law requires all financial institutions to obtain, verify
and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name,
address, date of birth and other information that will allow us to identify you.
We may also ask to see your driver's license or other identifying documents.
Start today by filling out the simple lease application.