FAQ


Q : Is there a minimum and maximum lease amount?
A : The minimum is $2,500 and there is no maximum amount.

Q : What kind of new and used equipment can I lease?
A : We are able to lease any kind of new and used equipment that you need from any vendor of choice. Contact one of our Leasing Specialists for more information.

Q : Can I add additional equipment to my pre-existing lease?
A : Additional equipment cannot be added to the existing lease but a new lease can certainly be set-up to co-terminate with your existing one.

Q : Can I still lease equipment if I have already purchased it?
A : Absolutely. This is also known as a sale-leaseback. You can typically do this within the first 90 days of purchase.

Q : Do I own the equipment at the end of the lease?
A : You have three options at the end of the lease:

Any of our Leasing Specialists would be happy to provide more information on the above options.

Q : Once I am approved, what happens next?
A : Once the credit application is approved, lease documents are delivered to you for your signature. Once we have received your documents and you have accepted your equipment, we will make the payment to the Vendor.

Q : Will I be notified when my lease is about to expire?
A : A letter is sent to you with your options approximately 60 days before the expiry of the lease.

Q : Is the lease agreement cancellable?
A : It is a non-cancellable contract. If you wish to cancel it during the course of the term, you may request a buyout option.

Q - Can I get a lease if my company is a "Start-Up?"
A : Yes, we are willing to finance companies that have been in business for less than two years. However, you should expect to pay a slightly higher rate because your company is a higher risk investment as compared to a more established company.