Equipment Finance direct to Small Businesses

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PDF icon CORPORATE CREDIT APPLICATION.pdf113.18 KB

What are the benefits of leasing?

  • Preserve Credit Lines
    Conserve credit lines with banks and other depository institutions for inventory, A/R or other uses and emergencies. Muise Equipment & Leasing will take care of financing for your capital equipment so that your lines of credit remain free.
     
  • Balances Usage & Cost
    Leasing allows you to set a fixed monthly payment for the use of the equipment that creates an anticipated return exceeding that payment. That way you are certain that your operation is cash flow positive and the equipment serves its purpose.
     
  • Provide Fixed Rate Financing
    Leasing is not subject to market fluctuations and interest rate increases. You can negotiate the monthly payments up front and secure a fixed rate for the life of the lease. This makes it much easier to project cash flow and budgets for planning purposes.
     
  • Is Tax-advantaged
    When structured properly, a lease agreement may allow you to receive tax benefits such as treating the lease payment as an expense. These benefits and their availability are subject  to an array of factors and we suggest you talk with your accountant about these benefits.
     


What do we lease?

Some examples of equipment types that we provide leasing solutions for:

  • Dental & Medical Equipment
  • Audio/Visual Equipment
  • Computer & Software
  • Office Furniture
  • Printer, Copiers, & Faxes
  • Telephone & Security Systems
  • Signage
  • Photography & Camera Equipment
  • Fitness Equipment
  • Manufacturing Equipment
  • POS Systems

 Areas that we will not lease:

  • Hazardous Waste Equipment
  • Automatic Teller Machines & Pay Phones
  • Hand Tools & Portable Shelters
  • Massage Parlor Equipment
  • Consumer Financing
  • Old Field Equipment
  • Gaming Machines
  • Vehicles & Boats/Watercraft
  • Forestry Equipment
 
 Questions & Answers
 
Q: Who services or maintains the equipment?

A: As a lessee, you receive all the benefits of "buyer" warranties and are therefore responsible for the care and maintenance of the equipment.

Q: Does my lease have an ownership option?

A: All our leases have an option to purchase the equipment either a little before, or at the end of the lease expiry. This option will be clearly identified on your lease contract,

Q: What is the interest rate?

A: A lease is not a loan but a rental stream, similar to renting an apartment for a specific term. As such the normal definition of an interest rate does not apply, however, rest assured that your total cost to rent is in line with similar bank offerings.

Q: Do you sell equipment?

A: No. You are free to seek out a reliable vendor, negotiate your best price and then leave the financing to us. We will look after all the paperwork and payments to the vendor.

Q: How does the process work?

A: Call us for a quote on the equipment you are looking to acquire, allow us to gather some basic credit information and within 4 business hours or sooner we can supply you with a credit decision. In many cases, you can call us in the morning an have your equipment from your vendor the same afternoon.