Lease Financing Solutions for Customers and Vendors
Lease financing is one of the most popular methods of financing for business equipment and machinery acquisitions to grow and expand your company. Find out for yourself why asset-based lease financing for all types of equipment, machinery and other capital assets is used by up to 80% of all businesses in North America.
VERICO Mortgage Brokers Network has formed an association with Alliance Financing Group that maintains relationships with over 50 of the top lease financing companies, commercial finance institutions and banks in Canada, the US and internationally. This provides us with an extremely diverse selection of the best financing products and solutions in the marketplace today. Not only will you be pleasantly surprised by our leasing solutions and rates, our business model allows us to maintain one of the highest approval ratios in the business.
Whether you are a business, professional or a vendor of equipment used by businesses and professionals, take a look at what Dale and CaroleAnn Bryant can do for you and how we can find the best leasing solution specifically for you and your business.
What exactly is Equipment Leasing?
Equipment Leasing is basically a financing contract in which the lender buys and owns equipment and then "rents" it to a business at a flat monthly rate for a specified number of months. At the end of the lease, the business may purchase the equipment for a price as low as $10.
A perfect solution for both established and new businesses; we are one of the few financial sources that will approve new businesses as well as established ones.
Contact us today for more information on leasing solutions or click here to receive a custom online lease quote or to fill in and submit our handy online leasing application form.
Easy to use on-line Financing Tools
There are two ways that you can take advantage of these tools: If you do not have your own web site, then simply bookmark this site on your web browser and visit it whenever you need a quote, or have a customer who is ready to apply.
If you do have a web site, we can supply you with your own Private Labeled (which includes your logo, look and feel) on-line Financing area within your site. There is no cost to you to utilize these tools (other than your own web master’s time, which should usually be 30 minutes or less).
We also offer Fast Turnaround. Not only do we have fast credit turnaround times, we process fast payment to you.
Contact Dale and CaroleAnn Bryant to find out more advantages to having an in-house vendor lease program.
Lease vs. Loan vs. Cash
|Simple Application||Application Process Can be Complex||Disregards Time Value of Money|
|Frees up Capital||Extensive Documentation||Sales Taxes are Paid Up-Front|
|100% Financing||Extensive Monthly Reporting – borrower must maintain certain financial ratios and covenants||Depletes Cash Reserves|
|Potential Tax Advantages||Often Requires Additional Collateral||Negative Impact on Balance Sheet by Reducing Company’s Cash Position|
|Easy Add-ons and Trade-Ups||Often Requires Down Payment|| |
|Preserves Existing Credit Lines||Payments May Change based on Interest Rate Changes|| |
|Fixed Payments – will not change||Not Flexible|| |
|Longer Terms||May Involve Extra Fees|| |
|No Additional Collateral||Negative Impact on Balance Sheet|| |
|No Down Payments||Bank Loans can be Cancelled (Called in) by Lender at any time – regardless of your good payment history|| |
|Easier Budgeting|| || |
|Generally No Additional Fees|| || |
|Sales Taxes Not Paid Up Front|| || |
|Non-Cancellable – unless Lessee goes into default on Lease|| || |
We serve clients in Kingston, Belleville, Trenton, Cobourg, Port Hope, Peterborough, Lindsay, Bowmanville, Courtice, Oshawa, Whitby, Ajax, Pickering, Toronto & other communities within the Quinte, Northumberland, Kawartha, Durham and GTA areas.