OBL Financial Services, Inc. OBL Financial Services: Equipment Financing and Leasing Services
Home End User Information Vendor Programs Industry Programs Contact

End User Information
Advantages of Leasing

In order to get approved for a bank loan, the applicant must submit three years corporate and personal returns showing a profit on the corporate returns. Leasing only requires the applicant to fill out an application. OBL can approve the applicant for up to $150,000 sometimes up to $300,000 . This is quite different than bank loans.

In this section:
End User Information Main Page
Secure Online Lease Application
Faxable Lease Application
Points to Consider when Leasing
Advantages of Leasing
Why Use OBL

Limited Liability
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.

Flexible Options
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.

Top of Page