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What
is a lease?
A lease is an agreement between a lessor (Bridge Capital Leasing)
and a lessee (you, the client), in which the lessee agrees to pay
a monthly investment for a agreed upon amount of time for the use
of certain equipment.
What
can I lease?
The different types of equipment that can be leased are endless.
The general rule is that unless it floats or flies, it can be leased
What
type of terms are available?
Leased can range anywhere from 1 year to 10 years, depending upon
credit worthiness and equipment value.
What
are your minimum and maximum exposure amounts?
We can set up leases for any amounts in between $2,000 and $20 million
depending upon credit worthiness, of course.
What
is the difference between a lease and a loan?
A lease is usually treated as a rental expense and listed on the
income statement as such. A loan is treated as a liability and shows
up on your balance sheet. This weakens the financial strength of
the company and should be avoided.
What
happens at the end of the lease?
Leases can be set up with different buyouts, These buyouts can range
from $1.00 to 10% of the equipment cost to a fair market value of
the equipment at the end of the term
What
do I need to qualify for a lease?
All you really need to have is a business and some type of credit.
We can structure a lease for practically any credit portfolio available.
If you have bad credit or excellent credit, we are sure we can fund
your lease. We can also help your business build or rebuild your
credit in order to obtain more advantageous lease terms, click here
to find out how!
How
long will it take to be approved?
Leases can generally be approved within 48 hours of receipt of the
application. If you have above average credit, it can take less
than a few hours.
What
upfront costs can I expect?
Leases generally require 2 payments upfront, however, many times
only 1 payment is required.
Why
are personal guarantees sometimes required?
Sometimes, if a business is young or has had credit troubles, a
personal guarantee by the owner of the company will be required.
A personal guarantee is basically asking the owner to stand behind
the company and tell us that, “Yes, my company plans on being
around for the next 3 years”. The guarantor’s credit
will never be affected by this unless there is a default on the
lease. We can help your business build the credit in order to obtain
a non personally guaranteed lease, click here to find out how!
Can
you do leases for startup business?
Absolutely. We can handle any type of start up situation.
I am
buying equipment from many different vendors, is that okay?
Of course, in fact it is commonplace to fund leases that involve
numerous vendors.
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