Financing

Businesses of every size and type at some time must acquire essential equipment to start, maintain, or expand their business enterprise. Two traditional methods of acquiring these assets are using working capital or borrowing money from a bank. These options are not always feasible or advantageous.

 Leasing can provide a flexible alternative for obtaining necessary equipment to run your business, without having to pay for it all at once. Many experts recommend purchasing only items that appreciate in value and leasing items that depreciate as they are utilized.

What is a Lease?  

A lease is a legally enforceable contract which defines the relationship between one party ("Lessor") and another party ("Lessee"), giving the Lessee the exclusive right to use and possess the Lessor’s equipment for a specific period of time. The Lessee is responsible for all ancillary costs associated with the use and upkeep of the equipment. Taxes and insurance are also the Lessee’s responsibility during the term of the lease. The lease contract requires the Lessee to make periodic payments, or rentals, to the Lessor for the use of the equipment. At the end of the lease term, the Lessee may have the option to purchase the equipment based upon a predetermined purchase option which can be as little as $1.00.

Leasing is a great option for start-ups and established businesses that rely heavily on equipment that periodically needs replacing to maintain business growth. Our excellent sales staff can assist you with making these important decisions. Please call us, or contact us to discuss your business financing needs

Fleetway Capital Corp (FCC) is a privately held Direct Funding Source, which allows us to make timely credit decisions in house with creative financing solutions. FCC has an expert sales staff available to explore new ways to assist its customers to leverage their capital. We can structure leases to fit our customers’ every need now and in the future.

For those worried about obsolescence, this plan offers the most options during and at the end of lease. It is also particularly beneficial to those who want to have both a small security deposit and a relatively low monthly payment. A True Lease allows the most cost to be deferred to the end of the lease, when a decision to retain or upgrade the equipment can be made. At lease end, the equipment can be purchased, returned, or the lease extended. 

$1.00 Buy-Out - For those who are fairly certain they wish to purchase the equipment at the end of the lease term, this is the recommended plan. At the end of the lease term, the equipment is simply purchased for $1.00 (A nominal charge for processing the title transfer may also apply.) This plan is not available in Florida, Arkansas, Nebraska or Texas. 

10% Security Deposit Plan - This program offers the lowest monthly payment and may therefore be especially attractive when a security deposit of 10% of the equipment price is affordable. End-of lease options still apply: the deposit can be applied to the purchase price of the equipment, the lease can be extended, or the equipment can be returned and the deposit refunded. 

Leasing Plans for New Businesses - While our standard leasing plans are available for companies in business for more than two years, we also have a plan to help newer businesses have access to the equipment they need. Firms which have been in business for as little as six months may qualify. Under this plan, lease terms of up to 36 months are available - 24 months if the business is less than one year old - for equipment of up to $15,000 in cost. 

Seasonal Lease Plans - This program is sometimes called a "skip payment" plan, because it allows up to three previously specified monthly payments to be omitted each year, an especially attractive feature for seasonal businesses.

Step-Payment Plan - Permits lower monthly payments during the first year or two of a lease. Deferring higher monthly payments with this plan is particularly appropriate for businesses deciding to acquire equipment while allowing for growth.

90-Day Deferred Plan - The first three monthly payments are deferred, so lease payments are made when the new systems or equipment have had more time to begin generating revenue.

If you see a program above that fits your needs or if you have any questions about our programs, please call Fleetway at 610.962.9292, or contact us by e-mail. 

Cornerstone Farm Ventures has teamed up with Amerifund to provide equipment financing for orders as small as $1000!