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How long does it take to approve my equipment
lease?
Equipment leasing is very quick. Equipment finance requests for
up to $75,000 can be approved in just a few hours from a one-page
credit application We are currently offering a one page Application
Only for Commercial Vehicles and Construction Equipment for up to
$250,000 with out the need for any financials! Documents can be
sent overnight, hand-delivered, or emailed to the dealer or customer,
and a purchase order is immediately faxed to the vendor once documents
have been received.
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What kinds of equipment can be leased?
Equipment leasing and equipment finance options apply to most capital
items. 1st National Capital Funding finances most types of new or
used business equipment including office and manufacturing equipment,
computers, software, furniture, and commercial vehicles. costruction
equipment furniture, software, and other soft costs associated with
equipment purchases. We will finance most anything.
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Can I lease a used equipment?
1st National Capital Funding can finance new or used equipment.
We can also finance third party sales.
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What is the buy out at the end of
the lease?
You have a variety of options available to you. These include Fair
Market Value (FMV), $1 Buy Out, and Fixed Percentage (10% or 20%)
Purchase Options.
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What is the interest rate on a lease?
Rates are determined based on credit history, equipment cost, and
term structure. For an immediate quote complete our Online Application.
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Can leases be pre-paid at any time?
Yes. Leases can be paid off at any time.
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Are lease payments tax deductible?
Typically the IRS will allow you to write off 100% of your lease
payments on a True or Fair Market Value (FMV) lease. Consult your
accountant for specific application to your business.
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Are lease interest rates variable?
No. Interest rates and terms on leases are fixed.
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What is the minimum lease amount?
Approximately $5,000
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How long do I have to be in business to qualify for a lease?
Most programs require a minimum of two years in business, however
exceptions can be made based on the credit strength of the company.
1st National Capital Funding also has a programs for businesses
that have just been established or just starting up. Please contact
one of our professional lease consultants for more information on
verity of options that are available.
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