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Financial Disclosure
New or Used Equipment
- Transaction Sizes
- Our Middle Market program can work with the most complicated equipment acquisitions to make it easy and hassle free.
- Middle Market equipment leases require financial disclosure depending on the size of the transaction. Leases from $50,000 to $150,000 require only a one year financial review. A complete financial package is required for lease amounts over $150,000. See our detailed package checklist for specific requirements.
- Middle Market leases usually have less equipment restrictions as they focus more on the financial strength of the company. New or used equipment is acceptable.
- Advance payments (pre-funds) and/or progress payments to the vendor are available on request. Financial information on the vendor may be required.
- Available terms are from 24 to 84 months. The 72 and 84 month terms have a premium and also require longer equipment life. The strength of the credit is a factor.
- End of lease purchase options are flexible on Middle Market leases. Almost anything is negotiable, especially if the credit is strong.
- Middle Market leases are usually documented on master leases, especially if there is more than one piece of equipment, or if there is an extended time for installation. Supporting schedules are then generated as required. Progress payments, if required, are usually linked to specific schedules
- A 60 day rate lock is established on the day of the approval. When funding goes beyond 60 days, if rates increase, it will be indexed off of the original approval rate. Credit approvals are good for 90 days and can be extended with updated credit information. Middle Market larger ticket leases usually require equipment inspection prior to funding.
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