Equipment Cost: $1,000 to $30,000
Rates:
Term |
24 |
36 |
48 |
60 |
Rental Factor |
.07630 |
.05866 |
.04928 |
.04662 |
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Take Rental Factor times equipment cost to get payment ie: $2,500 x .05866 = $146.65 plus rental tax.
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Rental tax is the tax rate where the equipment will be located.
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Advance payments: One payment (first months payment)
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End of lease option: At end of lease you have option to buy the equipment for 10% of its original cost.
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Documentation Fee: $100.00
The Process:
First: Complete the credit application.
Second: We will then review your credit application and issue an approval or a decline. Make sure to put your business name on the application; we cannot process without a business name. We will need a business check when the lease documents are returned to us. If it is a new business checking account and all you have are starter checks we will then need a letter from the bank saying these are starter checks for your new business account. |
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Third: If approved we will then generate lease documents for your signature. We will require a $100.00 documentation fee that must auto check drafted out of your business account prior to us preparing and overnighting the documents.
Fourth: Upon receipt of the signed lease documents and a satisfactory review of those documents we will issue a purchase order to the vendor for delivery of the equipment to you.
Fifth: Upon delivery of the equipment to your satisfaction we will then pay the vendor in full.
Sixth: Your all done. Good luck in your new business! Your first invoice from us should arrive in 30 days.
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