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Vendor Equipment Leasing Programs
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Vendors Take Advantage Of Offering Equipment Leasing to Clients
Looking for a reliable, consistent and wide score equipment finance company?
We understand that buying the needed equipment is crucial for your clients, and 1st Commercial Credit can help you obtain it.
Here are some advantages you can mention to your clients when an equipment lease option is viable for your client.
There are many leasing advantages that you can come across with. These include making lower monthly payments, getting a fixed financing rate, tax advantages, maintaining working capital, avoiding hefty down payments, and gaining immediate access to new equipment.
The equipment also will show on your income statement as a lease expense rather than a purchase. If you purchase it, your balance sheet becomes less liquid.
As compared to a bank loan for equipments, when acquiring an equipment lease, your company's assets are usually not required to receive financing. Many equipment leasing firms utilize the rented equipment as the lease agreement's collateral. Your credit worthiness is frequently used to determine collateral requirements.
Extra benefits of equipment leasing with 1st Commercial Credit:
Applications
In Minutes
Credit Decision
In Hours
Electronic Documents
Signed
Another Deal
Closed
Drive Growth With Business Equipment Leasing
Business owners should begin by identifying the equipment they need to purchase. Then, contact 1st Commercial Credit for an assessment and application. Once a company applies, they will be assigned a dedicated account professional who will take the information and approve the best terms and rates available. Arrangements will be put together and approved in less than 24 hours. Documents will be sent to you immediately to agree on the terms and rates to get the equipment ready to use within the week.
Suppose your company needs new or used business equipment or technology to generate business growth. In that case, our finance specialists are ready to offer you fast, flexible financing alternatives.
Equipment financing options are diverse as the businesses we work with. Business equipment leasing programs offer the possibility of obtaining the equipment necessary to increase business sales without restricting cash flow.
Applying for equipment leasing typically only takes minutes to apply. If approved, you may structure payments with potential tax advantages for your business and customers.Our leasing products and services can be customized to match a business's unique needs and goals. We'll work with you from new equipment leasing to working capital to create payment options that fit your specific needs.
With 1st Commercial Credit's equipment leasing programs, you'll experience:
- Flexibility: We offer to finance for new and used equipment and technology
- Fast service: Quick credit decisions for most equipment transactions
- Simplicity: Leasing equipment available after a quick application
- Low-to-no upfront costs: Deferred payment options available
- Buying confidence: With pre-approvals, companies know precisely how much money they can spend when purchasing equipment
Additionally, the cost of new equipment goes beyond the labeled price and may also include shipping, taxes, and other expenses. 1st Commercial Credit's financing means having these expenses covered to avoid upfront costs. If you are not sure whether equipment leasing is a good option for your business, contacting 1st Commercial Credit for further assistance is a great idea. We will explain more in detail how to get started, the leasing process, and the different types of leases available.
To Enhance Sales, Provide Your Customers A Variety Of Payment Alternatives
Businesses will experience the power of financing when choosing 1st Commercial Credit. We will give you the ability to offer customers access to leasing options best suited to their business needs. Your business can enjoy the competitive advantage of our streamlined finance platform. 1st Commercial Credit’s quick and straightforward financing helps you improve sales by offering more convenient purchasing experiences than your competition. Our financing programs benefit all kinds of clients, from equipment manufacturers to distributors and other referral businesses.
What Exactly Is Equipment Leasing?
An Equipment Leasing Agreement is a financial agreement in which the equipment is purchased to be rented for a certain period with the opportunity to buy it at the end of the rental period. There are a few difference between an equipment lease and an equipment finance agreement that are important to understand. With equipment leasing, the business owner does not own the equipment until the end-of-lease option is exercised, which is different from a loan (EFA). In simple words, equipment leasing is obtaining machinery, vehicles, or other equipment on a rental basis.
This financing alternative avoids the need to invest capital in equipment. Ownership rests in the hands of the financial institution or leasing company, while the business makes actual use of it.
Business owners opt for leasing instead of buying to keep equipment costs down. Almost any type of equipment can be leased, including computers, heavy machinery, and even office spaces. The kind of industry you're in and the kind of equipment you're considering are significant factors in determining whether to lease or buy.
For example, suppose you're opening an office with many employees and require a dozen computers. In that case, the best decision is equipment leasing. According to the Equipment Leasing Association of America, many U.S. companies (approximately 80%) lease some or all of their equipment.
This specific service is different from a loan because business owners do not own the equipment until the lease is completed. Business owners often struggle when trying to obtain the equipment needed without putting their cash flow at stake. We offer the perfect solution for companies in this situation with our business equipment leasing programs. 1st Commercial Credit’s equipment financing products and services are customized to fulfill your unique business goals and needs. We also work with owners to create payment options that work for your specific situation. The cost of new equipment can be very expensive and goes beyond the labeled price when adding the shipping, taxes, and other expenses