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Equipment Finance

We make it easy to finance nearly any business asset, new or used, from $10,000 to $1.5 million and larger. We’ll help you structure finance payments to match cash flow with our flexible Equipment Finance Agreements, Leases and Loans.

The easiest way to finance

  • Simple application-only up to $150,000
  • Credit decisions in as little as 1-2 hours
  • Flexible options including EFAs, $1 Buyouts, PUTs and FMVs
  • Quick one-page document for small ticket transactions
  • Convenient payment options including ACH, online and credit card

We’re here to help finance your next opportunity

  • Finance nearly any new or used business asset
  • No substantial cash outlay and deferred programs available
  • Cover all your acquisition costs with 100% financing1
  • Finance options with potential tax savings

Experience First Credit & Commerce Corp’s consultative approach. Whether you are looking to acquire industrial equipment, technology, vehicles, software or other assets – we’ll create a finance option that lets you take advantage of your next opportunity. Contact us today to learn more.

1 Ability to include soft costs such as installation, shipping, maintenance, etc. Some restrictions may apply. Consult your tax advisor regarding the current IRS tax incentives.

 

 

Apply online to get the financing you need today.

For personal service, email or call:
info@firstcreditcommerce.com
+1 (212) 641-0017


Why Lease?

No Down Payments! Lease 100%
Our leases finance 100% of the cost of the equipment. Plus, you can include costs in your lease such as shipping, software, training, and installation. Unlike a bank loan, no down payment or compensating balances are required.
Improved Cash Flow, More Working Capital
Cash is not tied up in equipment. Instead, money is available for opportunities such as marketing, working capital, or seasonal cash flow needs.
Preserve Your Credit Lines
Your existing lines of credit and borrowing availability are left untouched and ready to use for operational and short-term financing needs.
Pay Only For What You Use
Monthly payments allow you to use your equipment immediately. And, the new equipment, with its operating efficiencies, pays for itself as you use it… over time.
Eliminate Out-Dated Equipment
Leasing lets you regularly upgrade your equipment to a state-of-the-art level, eliminating the inefficiencies of owning out-dated equipment.
Tax Benefits
Unlike loan payments, lease payments may be fully tax-deductible as an operational expense.
Overcome Budget Limitations
In situations where limited budgets would ordinarily delay or prevent the acquisition of equipment due to a limit on capital expenditures, leasing allows for quick budget approval due to its small monthly expense. A lease can fit the tightest of budgetary constraints.

Commercial Leasing F.A.Q.

    • Why Should I Lease Instead Of Buying?

If you borrow money to buy and own equipment, you are using up available credit,
which, if used for other purposes, has the ability to earn a return much higher than
the cost of the lease payments.

    • Who Can Lease?

Any company, association, non-profit organization, or individual that is using the
equipment for a business or commercial use.

    • What Can I Lease?

You can use this program to purchase any new or used equipment that makes
sense for your business as long as it is not going to be resold and it is not disposable
and/or consumable. Typical types of equipment include: • Restaurant Equipment
• Computer Equipment & Software • Copiers • Office Furniture • Material Handling
Equipment • anufacturing and Construction Equipment • Printing Equipment •
Commercial Vehicles • Telecommunications Equipment • Medical Equipment

    • What Are Your Lease Rates?

Rates are based on equipment type and the credit rating of the individual business
customer. The best way to find out what the rates are going to be for a desired
piece of equipment is to contact one of our account managers and submit a quote
for the equipment you wish to lease.

    • What Are The Up-front Costs For A Lease?

Usually, just the first and last monthly lease payment. Unlike a down payment for a
purchase, these payments are smaller and are applied to your total lease payments.
In addition, a nominal documentation and filing fee is required for processing
the lease documents and filing UCC-1 financing statements required in your
state. We do not charge an application fee.

    • Can I Cancel The Lease?

The lease is noncancelable. However, you may arrange for prepayment of the lease
or upgrade to a more sophisticated piece of equipment.

    • Can I Work With Multiple Vendors And Still Have One Lease?

Yes. We can work with as many vendors as you need to get the equipment you
want.

    • What Is The Turn Around Time To Receive Payment?

It usually takes three to five business days from the time we have the signed lease
documents in our office.

    • What About Sales Tax?

Sales tax is added to your monthly lease payment each month and charged separately.

    • What Is The Typical Process For Commercial Equipment Leasing?

You fill out a simple, one-page credit application. In certain instances, other financial
information may be required such as tax returns or financial statements. The
supplied credit information is reviewed and upon approval, the lease documents are
prepared and sent to you for signing. A purchase order is then issued to your equipment
vendor. Upon delivery of the equipment and acceptance by you, the equipment
is paid for and the lease commences.

    • What About Insurance?

For your protection, it is required that the equipment be insured. You simply instruct
your own insurance agent to send a certificate of insurance to us at no additional
cost to you. In some cases we may be able to provide you with insurance at
reasonable premiums.