Commercial Equipment Financing Products
- Conventional monthly-payment programs
- 60-day and 90-day deferred first payment option
- Annual payment programs for schools and universities
- Seasonal payments
- $1.00 Purchase Option Program
- Buyer holds title to the equipment with a $1.00 purchase option
- 10% Purchase Option Program
- Fair Market Value Purchase Option Programs
- Lessor (lender) holds title to the equipment until purchase option exercised by lessee
- New club and existing club expansion programs
- Municipal agencies including police, fire and parks and recreation department
Fair Market Value (FMV) Lease
Available to:
- YMCAs and YWCAs
- JCCs (Jewish Community Centers)
- Private schools and universities
- Corporate fitness centers
Advantages of FMV Lease
- The lessee may have available certain tax benefits. We advise consultation with the appropriate tax experts.
- Lower monthly payments
Advantage of FMV Lease to YMCAs and Jewish Community Centers
- Lower monthly payments
- No end of lease obligation
- No balloon payment at end of lease
- No reliance on dealer or 3rd party for responsibility of the end of lease obligation
- Free to change manufacturer at the end of lease
- New equipment every three years
- No trade-in or reselling of equipment issues
- No security deposit requirement
Municipal Agencies
- All state, county and city entities such as public universities, schools, police, fire department, parks and recreation departments, etc. (federal government agencies are not permitted municipal entities)
- Lower interest rates, special structuring such as annual payments and higher credit lines
- Payments – monthly, quarterly, semi-annually and annually in both advance and arrears
- Lower interest rates – generally less than conventional financing rates
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