Does Your Business Need To lease Finance New or Used Painting Equipment?

Painting equipment leasing can be acquired for a wide range of new and used painting equipment and painting equipment accessories.

The business equipment leasing companies are are going to be most interested in these types of applications are going to want to see strong cash flow and proof of the business’s ability to make monthly leasing payments.

For smaller items, individually or as a group, where the amount of the equipment leasing amount is under $25,000, the equipment leasing approval process is focused primarily on the business credit of the applicant and the personal credit of the actual business owners if no formal business credit has been established.

As the amounts get larger, then the credit granting and approving process is more involved, looking into historical financial statements of the business and the personal net worth of guarantors.

For larger painting equipment items such as a paint booth, there is more security value available to the lender as long as a resale market exists for the assets in question.

Smaller assets on their own do not provide much security value and the lending decision falls back more onto credit, cash flow, and personal guarantees or corporate guarantees.

Get Painting Equipment Leasing That Meets Your Business Needs

For many small businesses, cash flow can be tight at times and it may be beneficial to look at an operating lease with a larger lump sum amount left at the end of the lease to purchase the asset out right.

This can help to minimize the monthly payments in the short term and provide the business with ample time to plan for purchasing the asset at the end of the lease if that is what the owners intend to do.

An equipment leasing facility can also be in the form of a capital lease which acts and behaves much the same as an equipment loan for accounting and tax purposes.  The biggest difference is that the leasing company owns the asset which affords them more control in the event that the lease falls into default and they have to realize against their security.

Call 1 800 559 8845 and Speak Directly To An Equipment Leasing Specialist

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Does Your Business Need To lease Finance New or Used Dry Cleaning Equipment?

Dry Cleaning equipment leasing can be arranged for such dry cleaning assets as steamers, spotting board, ironing equipment, dry cleaning machine, vacuum unit, pressing machine, and tension pressing equipment.

If you’re trying to lease finance an asset that is not listed above, please give us a call and we’ll find out right away if what you’re looking for will quality for leasing through our leasing network.

Dry cleaning leasing for new equipment can be arranged at or near 100% of the cost of acquisition of the asset and when delivery and installation are also part of the purchase price, these costs may also be included in a lease financing arrangement.

For used dry cleaning equipment, the leasing options are likely going to include more money down at time of purchase, potentially higher implicit interest rates, and shorter repayment periods.

Depending on the age and condition of the used dry cleaning equipment, the repayment term can vary from 24 months to 60 months.

Get Dry Cleaning Equipment Leasing That Meets Your Business Needs

The best leasing deals will always be available to established companies with well established and predictable cash flow.  Newer businesses will require considerable cash investments in the assets being leased in order to get financing in place.

Depending on the specific dry cleaning assets being leased, there can be a number of end of term payment options to choose from that can be tailored to your cash flow and taxation requirements.

A capital lease will provide a nominal buyout fee at the end of equipment leasing term where the amount will be predetermined at the start of the lease.

With an operating lease structure, there will be an optional buyout amount that can vary considerably in size, depending on how much of the initial cost of the asset was deferred until after the lease term.

Regardless of your situation or requirements, your best first step is to give us a call so we can quickly go over your situation and provide relevant equipment leasing options for your immediate consideration.

We’ll make sure you get all your questions answered as soon as possible and provide leasing quotes as required.

Call 1 800 559 8845 and Speak Directly To An Equipment Leasing Specialist

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Does Your Business Need To lease Finance New or Used Spa Equipment?

Spa equipment leasing can be arranged from a number of different leasing companies providing commercial financing for Spa equipment assets such as pedicure chairs, beauty salon equipment, facial table, shampoo chair, facial machine, shampoo chair, therapeutic system, styling chair, styling station, dryer, mirror, tanning bed, and so on.

For any items you may be interested in acquiring through an equipment leasing program, please give us a call so we can quickly qualify the asset with our leasing sources.

Both new and used spa equipment can be financed via an equipment lease.  New equipment can be financed at or near 100% of their acquisition cost plus the cost of delivery and installation.  For used spa equipment leasing, the age of the asset will be important as well as its condition and estimated remaining useful life in determining the amount of leasing that can be provided and the length of time for repayment.

For the most part, used spa equipment will require more money down than used and will have a shorter amortization or repayment period to work with.

Get Spa Equipment Leasing That Meets Your Business Needs

Because of the potential for a larger number of smaller items to be acquired at the same time, especially in situations of start up or expansion, its not uncommon for several items to be included in one equipment lease.

That being said, it can also be easier to get everything approved for equipment financing by spreading the financing requirement for several pieces of equipment over more than one lease.  This reduces the risk for each leasing company and can be an easier way to leverage great credit of an existing spa operation versus trying to find one leasing company that will finance all the assets you’re looking for.

Even if you have already purchased spa assets for cash, we can still look at doing a sale and lease back transaction with a leasing company up to 6 months after the time of purchase.  This will get the cash outlay put back into your cash flow allowing more funds to be available for operations or expansion of the business.

If you have any questions regarding equipment leasing for any type of new or used spa equipment, please give us a call and we’ll do our best to get all your questions answered

Call 1 800 559 8845 and Speak Directly To An Equipment Leasing Specialist

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Does Your Business Need To lease Finance New or Used Restaurant Equipment?

Restaurant equipment leasing can be one of the more challenging type of commercial lease financing you can try to arrange, depending on the age and performance of your business.

For a well established business with good historical cash flow, the available lease financing options for restaurant equipment can be comparable to other types of assets.

But for start up situations and businesses that do not show a lot of net cash flow and profit in their annual financial statements, the equipment leasing process can be more of a struggle.

And regardless if the business is doing fairly well on a cash transaction basis, at the end of the day lease financing decisions are based on the reported income that shows up in your annual tax filings.

For start ups and weak cash flow situations, the lease to asset value is typically around 50%.  As the financial strength of the business increases, so does the lending ratio that can be secured.

Get Restaurant Equipment Leasing That Meets Your Business Needs

Used restaurant equipment can also be lease financed, but the rates and repayment terms will be tighter than with new equipment due to the liquidation value that a leasing company is likely to receive in the market for used equipment in the event of a lessee default.

For this type of asset, cash flow is definitely the king and key to getting the financing you prefer for the rates and terms that will work the best for your future cash flow.

Equipment leasing is provided in the form of operating and capital leases.  An operating lease does not require the lessee to purchase the restaurant equipment at the end of the lease term or pay further on the assets.  A capital lease requires purchase of the assets at the end of the lease term for a predefined price.

There are several end of lease options that can be explored for restaurant equipment leasing to fit the needs of each applicant.

If you have some new or used restaurant equipment that you’d like to acquire through an equipment leasing program, I suggest that you give us a call so we can quickly assess your requirements and provide equipment leasing options for your consideration.

Call 1 800 559 8845 and Speak Directly To An Equipment Leasing Specialist

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Does Your Business Need To lease Finance New or Used Office Equipment?

Office equipment leasing can be obtained for a number of our Canadian and U.S. business equipment leasing sources.

There are a wide range of programs available for different amount of financing required and different levels of financing ability.  For instance, new office equipment to be financed that is under $25,000 will primarily be approved via the credit profile of the business and business owner(s).  For larger amounts of financing, there are other leasing companies that will focus larger dollar requirements and will have different lending criteria beyond just the assessment of credit.

For small businesses, many times the solution for getting office equipment lease financed is to spread groups of the individual pieces required among different leasing companies so that each application falls under the lessor’s small ticket equipment leasing category and the risk of loss then spread across a number of leasing sources.

Used office equipment can also be financed, but the focus is going to be more on the financial strength and credit strength of the borrower or lessee as the assets themselves will not provide a high level of security value in most cases.

Used office equipment will typically be financed over a 24 month to 40 month period depending on the other assessment variables in the application where new equipment can be leased for up to 72 months in some cases.

Get Office Equipment Leasing That Meets Your Business Needs

Office equipment can also be considered for both an operating lease and a capital lease.  Each has its own merits for benefits to cash flow, taxation, and long term asset ownership.

For instance, an operating lease will provide you with the ability to return the assets to the leasing company at the end of the lease term without any further obligations for payment.

In direct contrast, a capital lease for office equipment will require the lessee to purchase the asset or assets at the end of the lease term for a predefined purchase price, which is typically a small nominal dollar amount.

Most office equipment leasing facilities do not provide any early repayment options that allow you to repay a portion of the inherent principal amount being amortized without also having to pay an interest or financing cost.

Call 1 800 559 8845 and Speak Directly To An Equipment Leasing Specialist

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