Equipment Leasing
Like our Equipment Financing Plans, we offer flexible 100% leases as well. Based on the equipment, we can reduce the monthly payment by offering up to an 84 month lease term or provide you the maximum tax deduction by shortening the term to 36 months. If your business cash flow is seasonal we can also combine a skip payment for up to three months each year.

Depending on the amount of the request, no tax or financial information is usually needed. Credit approvals are normally completed by a one page credit application only.

There are three main types of leases which differ based on the residual:

Capped purchase option, Fixed purchase option, and Fair market value. The length of term range from 12 to 84 months in length.

Capped Purchase Option
Usually providing a lower payment than a loan, at the end of the lease you have the option to purchase the equipment for a negotiated price or return the equipment without further obligation. This is a very popular lease for technology based equipment or equipment that you might expect to replace by the end of the lease term.

$1.00 Purchase Option
At the end of the lease you own the equipment for the final payment of $1. Often called a capitalized lease (treated as a loan), this is a popular lease for equipment you wish to own long term. The $1.00 purchase option at the end of the lease is simply the final sale amount to transfer the equipment to the lessee.

10% - Fair Market Value
Usually providing the lowest monthly payment throughout the term of the lease and delay the buying decision until the end of term where you can purchase the equipment for its fair market value, or return the equipment. The fair market value is determined by the finance company and is often negotiable. This is a very popular lease for technology based equipment or equipment that you expect to replace within four years or less.

The Commercial Finance Group can help you determine the options that meet your needs. We can also customize a payment and lease term specifically for you. Contact us, to review the options that will best fit your needs.

Application

Contact Information
Atlantic Commercial Credit
2121 Ebenezer Road #103
Rock Hill, SC 29732

Phone: (800) 669-8008
Fax: (877) 669-8008