Approvals for application in only 24 hours. Middle market and large ticket usually take 3-5 days. Up to 84 months to repay with excellent rates. These programs are for companies established for two years or more.
Many companies need working capital for expansion, but do not want to use their bank lines. Commercial Lending House has a solution. Our Sale & Lease Back program lets you use the equity of your existing equipment to obtain the working capital your company needs. We buy your equipment and lease it back to you. When all the payments are made, you own the equipment again.
Most financial institutions will not finance companies that are just going into business. If your company is just starting or has been in business for a short time (e.g., less than two years), we can help you grow by financing the equipment you need to be successful.
These economic times have negatively affected many businesses, leaving business owners with a seriously damaged personal credit record. We have developed a “second chance” program to help companies in these circumstances. We can structure your financial needs to help rebuild your company.
We can provide lease financing to any government or municipal entity with guaranteed approval. The rate is determined by the rating of the municipality or government agency. A partial list of who we finance is listed below:
Leasing is one of the fastest growing ways of acquiring equipment in business today. Recent surveys found that 80% of U.S. businesses, from Fortune 500 to the local family business, lease some portion of their equipment. A growing business often faces the dilemma of limited cash flow and the need to add equipment. Leasing can put the equipment to work for you with real cash flow advantages and without major capital investment. We can lease virtually any type of equipment, including software and installation.
Unlike bank lines of credit that usually have variable rates, lease payments are fixed no matter what happens in the market. By choosing to lease you won't be a victim of skyrocketing interest rates. Remember the 80's when rates rose from 9% to over 20% in one year? That can't happen with leasing.
The monthly lease payment will usually be lower than the payment required by other methods of financing.
Keep your business' cash for future needs, unexpected expenses or working capital when revenues are low.
Most types of financing require down payments of up to 25%, whereas leasing covers 100% of the cost of the equipment. Most leases require only one or two payments in advance. Get immediate use of the equipment with minimal up-front cost.
Leasing has no impact on your bank credit lines. Protect your borrowing power for other business needs or opportunities.
Technology is changing at a rapid fire pace. What meets your business' needs today may be obsolete three years from now. Leasing allows you the flexibility to maintain a competitive edge by giving you today's best technology then allowing you to upgrade when the equipment has outlived its advantage.
Leasing eliminates the need for complicated depreciation schedules since lease payments are generally line item expenses on your P&L statement. And since lease payments can usually be treated as a pre-tax business expense you may even reduce your taxes. Paying cash for equipment automatically adds 30-40% to the cost when you realize that cash = profits and taxes are paid on profits. Leasing is the right choice! It minimizes demands on cash flow, eliminates obsolescence, keeps your bank lines open, saves on taxes and shelters you from the market