Equipment Leasing

Equipment Leasing Overview

Business Equipment Leasing

Financing your business doesn't have to be complicated!

Equipment leasing is one of the best ways to finance your business, due to the flexibility with the type of equipment we can finance and extremely flexible credit guidelines.  In most cases, normally all that is required is the first and last payment (preserve your working capital).

Our Leasing Programs:

Lease Genie can provide equipment leasing for virtually all types of businesses, big or small, good credit or challenged credit.  We specialize in startup equipment financing, challenged credit equipment leasing, and sale leaseback financing.

  • Start-up Businesses:  A business less than two years old is generally considered a Startup.
  • Established Business:  A businesses with over 2 years in business.
  • Challenged Credit:  A business and/or owner(s) with past credit issues.
  • Sale-Leaseback:  Finance the equipment the company already owns and use the proceeds to either purchase more equipment or for working capital.

We’re here to help finance your next equipment purchase.

  • Finance nearly any new or used business asset
  • No or Low up-front cost
  • Deferred payment options
  • Cover all acquisition cost with 100% financingii
  • Potential tax savings iii

CONSERVATION OF CAPITAL – When capital is conserved by leasing equipment, it can be put to more profitable company uses (increasing inventories, expanding sales, etc.). The average return on capital for business is 18% AFTER taxes.iv

CONSERVATION OF CREDIT – A lease is not a loan. Borrowing reduces lines of credit. Leasing is a NEW credit source, which allows increased borrowing capacity.

ELIMINATES OBSOLESCENCE – Structured leases can allow upgrade and trade-up options insuring the latest technology.

Automated approvals on consumer and commercial credits in 2-3 minutes; must use link on Lease Genie website.
ii Ability to include soft costs such as installation, shipping, maintenance, etc. Some restrictions may apply.
iii Consult your tax advisor regarding tax incentives available by your state or federal government.
iv Consult your accountant for your average return on capital.

Application Only Lease Program to $100,000

Application only Lease/Finance Programs“:

Commercial Equipment: from $5,000 to $100,000

Consumer Equipment:  From $500 to $10,000

  • Credit decisions as fast as 2-3 minutes i
  • Tiered Application Only Program designed for all credit quality
  • One Page Credit Application
  • Typically no financials and minimal banking information needed
  • Time from application to funding is typically 2 to 3 days
  • Terms generally between 24 to 60 months
  • Bank Rates without the Bank Hassle

If you have a question about your eligibility or the process, feel free to call us at (877) 715-5105 and discuss your situation.

 

COMPLETE AN APPLICATION

Challenged Credit Program

Challenged Credit Program

Don’t let bad credit stop you from obtaining equipment for your business!

Let our years of experience in financing challenged credit help you to get the equipment you need!  We know how to package your lease request so that our banks and funding groups look favorably upon your request.

Credit Requirements:   

  • If you have filed bankruptcy it must have been discharged at least 3 years.
  • You have started to rebuild your credit
  • You may need a co-signer or additional collateral to obtain approval

Helpful Hints to get an Approval:     

  • Write an explanation for the negative items on your credit report
  • Submit at least 3 months bank statements with your application
  • Write an explanation on how this piece of equipment will improve your business profits or save your business money

If you have a question about your eligibility or the process, feel free to call us at (877) 715-5105 and discuss your situation.  

 

COMPLETE AN APPLICATION

Start-Up Program

A business less than two years old is generally considered a Start-up.  Let Lease Genie help you explore the benefits of our Start-up Program.

FACT:  Most banks have severe limitations on extending credit to a Start-up.  Ironically it is the time businesses are most in need of equipment financing and working capital.

FACT:  Lease Genie makes it easy to finance nearly any new business from $5,000 to $50,000.  We’ll help you structure finance payments that match your cash flow and business requirements.

If you have a question about your eligibility or the process, feel free to call us at (877) 715-5105 and discuss your situation.

 

COMPLETE AN APPLICATION

Sale & Leaseback

Sale and Leaseback is a useful tool for companies needing working capital who do not want to use their bank lines, or might have credit issues.

With this program, we can use the equity in your existing equipment to give your company the working capital it needs.  We buy your equipment and lease it back to you.  When all the payments are made, you own the equipment again.

If you have a question about your eligibility or the process, feel free to call us at (877) 715-5105 and discuss your situation.

COMPLETE AN APPLICATION

Operating Lease / Finance Lease / Master Lease

OPERATING LEASE:  Off Balance Sheet treatment that may enhance financial results.  Provides numerous end of lease options.  At the end of the lease term, the equipment can be purchased for fair market value, the lease can renew and the same monthly payments can be continued, or the equipment can be returned.  This type of lease is typically used by companies that update or replace equipment on a regular basis and don’t want ownership responsibilities.

Operating Lease Benefits:

  • Lowest Monthly Payment
  • Provides Trade-Up Option
  • Off Balance Sheet Treatment
  • Deductible as an Operating Expense

FINANCE LEASE:  Allows the customer to purchase the equipment at the end of the lease term for a set dollar amount, typically either $1.00 or 10% of the original equipment cost.  This type of lease is typically used by companies that want to keep the equipment at the end of the lease term and that want to be able to depreciate the equipment.

Finance Lease Benefits:

  • Ownership at end of term
  • Tax depreciation

MASTER LEASE:  This type of transaction should be utilized when either several pieces of equipment are being purchased at different times or to lock in a low fixed rate and when the appropriate equipment is located, the funds are immediately available.  Being Pre-Approved can aid in the price negotiations between your company and the prospective equipment dealer/vendor.

If you have a question about your eligibility or the process, feel free to call us at (877) 715-5105 and discuss your situation.

 

COMPLETE AN APPLICATION

Government & Municipal Leasing

Lease Genie can provide lease financing to any governmental or municipal entity with guaranteed approval.

  • The rate is determined by the rating of the municipality or government agency.
  • We can finance any entity controlled federally, by any state or by any local municipality including Armed services, Public Schools, Libraries, Police and Fire Departments and more.

Municipal leasing is an effective and efficient vehicle for state, county, and local governments and school systems (collectively, the “municipality”) to finance their equipment and infrastructure needs.  The structure of a municipal lease enables the municipality to finance its capital needs without incurring indebtedness that in the majority of municipalities is subject to voter approval.

Lease Genie has helped municipalities all over the country to quickly and easily finance their equipment purchases.  From computers and technology to school buses and snowplows, we provide tailored solutions to meet your needs.  Cost-effectiveness and quicker access to required equipment is a winning combination.

If you have a question about your eligibility or the process, feel free to call us at (877) 715-5105 and discuss your situation.

 

COMPLETE AN APPLICATION