Commercial financing is now available on bank owned assets. All types of businesses, including startups and owner/operators may qualify. There are some exceptions but in general the minimum requirements include a Mid-600 Fico score and you must be a homeowner. There are many types of financing programs available including both loans and leases. For more detailed information on financing or to be pre-approved please Contact Us or call (520) 760-6207 with any questions. Not all applicants will be approved.
APPLY FOR FINANCING
Download and complete a credit application...
... and then fax it to (520) 760-6208
TYPES OF FINANCING AVAILABLE
Loan - Straight Financing
A loan in which the principal as well as the interest is payable in monthly or other periodic installments over the term of the loan.
Lease - $1.00 Buy Out
At the end of the lease term you have an option to buy the equipment for $1.00. Interest expense and depreciation may be deducted for tax purposes.
Lease - 10% FMV or 20% PUT
A fair market value 10% purchase option is an option to buy the equipment at the end of the lease term at fair market value, usually 10%. The lessor does not have the ability to retain title to the equipment if the lessee chooses to exercise the purchase option.
A Purchase Upon Termination (PUT) is a popular option that allows you to have a lower monthly payment by moving 10% or 20% of the original value to the end of the lease term. At the end of your lease you can purchase the equipment for the residual amount.
*Consult your tax accountant for your specific tax situation. |
Application Form
Application Form