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Equipment Financing / Leasehold Improvement
With more than 15 years of experience, Atlantic Commercial Credit can provide you with a
simple equipment finance agreement. Our Equipment Finance Program can include costs for
leasehold improvement to accept your new equipment. Equipment and improvements are
financed using simple loan documents and if you will need to pay construction costs or
pre-pay your equipment order in advance, we have a built in pre-funding option to do just
that. You can choose a regular loan structure or a delayed payment structure to allow time
to generate sufficient cash flow.
We can get started on your credit approval with this one page
credit application.
Equipment Leasing
Atlantic Commercial Credit can provide you with a Simple Tax Advantage Lease Plan or
Capitalized Lease Plan that is right for your budget. Like our Equipment Finance Program,
we can also structure plans to include all leasehold improvement, working capital and the
all the equipment you will need. We can also include the ability to prepay your supplier
with the option to delay your monthly payments for the first few months.
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.
There are three main types of leases which differ based on the residual:
10% purchase option,
Fixed purchase option, and Fair market value. The length of term range from 12 to 84 months
in length.
10% 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 10% of the original equipment price (similar to a balloon
payment) or return the equipment without further obligation. This is a very popular lease
for technology based equipment or equipment that you expect to replace within four years
or less.
$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.
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 Healthcare 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.
Equipment Lease Application
Contact Information
Atlantic Commercial Credit
2121 Ebenezer Road #103
Rock Hill, SC 29732
Phone: (800) 669-8008
Fax: (877) 669-8008
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