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At Your Lease Connection, we provide finance options for traditional & nontraditional borrowers. Our highly diverse lending card is comprised of multiple funding
facilities: revolving credit lines, private investor capital, and other specialty finance companies that we maintain strategic alliances with. This unique blend
of funding capabilities enables Your Lease Connection to approve and fund a broader range of credit types than many other finance sources. Your dedicated Account
Manager will provide recommendations on how to strategically offer financing to your customers to promote higher sales...
Products
- App only to $100k: We can provide up to $100k in most cases with just a one page application.
- Commercial Leases over $100k: We provide leasing solutions for transactions from $100k up to $1 million, a full financial package will be required for these transactions.
- Start ups and Early Stage Companies: We can secure up to $50,000 in financing for businesses with as little as 1 day in business. Additional financing may be available depending on the collateral financed.
- Medical & Professional program: Increased start-up and application only limits are available to businesses in the medical and professional services related fields. Your dedicated account manager will discuss eligibility and specific requirements.
- Working Capital: We can provide up to $50,000 in working capital in addition to our equipment finance products.
- Flexible Finance Solutions: We have flexible finance solutions available for qualifying credits. Some of these are: 30,60, & 90 day deferred payments, seasonal payment plans, step up or step down payment plans, etc.
Terms
Most standard terms are 24-60 months. Exceptions can be made in some cases for 12 and 72 month terms.
Types of Leases
- Dollar Buy Out Lease: With this equipment lease financing option, at the end of your lease term, you "buy" your equipment for just a $1. This is an attractive option for companies who know their equipment will not lose value and are looking to keep their equipment at the end of the lease.
- Fair Market Value Lease (FMV): A fair market lease is a traditional lease agreement that provides you with three options when the term of your equipment lease ends; You can purchase your leased equipment at fair market value, renew the equipment lease or return the equipment - an excellent option for customers expecting a decrease in the value of their leased equipment.
- 10% Purchase Option: With a 10% Put at the end of your lease, it is pre-determined that you will pay 10% of the original purchase price of the equipment. This option is generally for customers who plan to keep their equipment at the end of the lease, however, would like a lower monthly payment during the term of the lease.
- Equipment Finance Agreement (EFA): The EFA is very similar to a traditional loan. There is no purchase option at the end of the term, you simply own the equipment after all payments and fees have been satisfied.
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