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The Credit
Scores of A is
only available
Commercial
Applicants that
have been in
business for
at least 2
years, for
equipment that
costs between
$500 and
$25,000.
-
Credit Score
A
24 Months 36
Months 39
Months 42
Months 48
Months 60
Months
A N/A .0329
.0308 .0290
.0261 .0220
-
Credit
Scores O
through S
are
available
for
equipment
that costs
between $500
and $25,000.
24 Months 36
Months 39
Months 42
Months 48
Months 60
Months
O .0479
.0340 .0319
.0302 .0274
.0251
P .0497
.0363 .0343
.0327 .0298
.0277
-
Credit Score
S is
available
for
equipment
that costs
between $500
and $15,000.
24 Months 36
Months 39
Months 42
Months 48
Months 60
Months
S .0525
.0392 .0370
.0353 .0324
.0308
-
Credit Score
T is
available
for
equipment
that costs
between $500
and $12,500.
24 Months 36
Months 39
Months 42
Months 48
Months 60
Months
T .0560
.0435 .0415
.0396 .0369
.0352
-
Credit Score
Q is
available
for
equipment
with a cost
of less than
$7,500.
24 Months 36
Months 39
Months 42
Months 48
Months 60
Months
Q .0585
.0457 .0438
.0423 .0400
N/A
-
Credit Score
U is
available
for
equipment
with a cost
of less than
$5,000.
24 Months 36
Months 39
Months 42
Months 48
Months 60
Months
U .0600
.0474 .0457
.0443 .0420
N/A
Fair Market
Value End of
Lease Option for
a Credit Score
of A is
available in AL,
CA, IL, MI, MN,
NC, TX, and VT.
In all other
states the
customer will
own the asset
upon
satisfaction of
the lease
obligation.
Fair Market
Value End of
Lease Option for
all other Credit
Scores.
Consumer
leasing is
available for
Credit Scores 0
through U.
Lessees are
required to
present Direct
Debit Payment
for all leases
$10,000 or
greater.
All leases
require one
advance payment.
All lease
applications
require a
Personal
Guarantor (PG).
The lease
factors above do
not include any
applicable taxes
(sales, use and
property tax to
be added).
A
documentation
fee of $125.00
is required; if
the documents
are created by
us the fee is
$175.00.
At this time
we do not offer
leases to
Municipalities
or Non-Profit
Organizations.
Use of Credit
Scores Q and U
in your lease
portfolio can
not exceed 15%
of your total
funded volume.
We reserve
the right to
modify these
lease factors
based on market
conditions. |
