Medical Leasing Programs

Loans versus Medical Leasing Programs

If you don’t understand the difference between a lease and a loan, you are not alone. Many business owners continue to finance their equipment the “old fashioned” way, through loans, because they don’t fully understand the potential benefits of leasing their equipment. These benefits can be seen in four important areas: initial cost, equipment obsolescence, tax benefit and off balance sheet financing. Because of these benefits, many business owners have discovered that they do not need to own their equipment in order to conduct business – they only need to use it.

The first thing you need to know about equipment leasing is that it is 100% financing. Because a lease is essentially a “rental” of equipment, there is usually no down payment required to access the equipment your business needs. This directly contrasts most commercial bank equipment loans, which require a minimum of 10% and as much as 50% down payment. By comparison, most equipment leases will require only the first and last payment in advance of delivery. Even if you only need a small amount of equipment, this can result in a tremendous reduction in the “out of pocket expense” necessary to upgrade. This gives you the opportunity to put thousands of dollars of working capital back into your business, instead of giving it to your banker.

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Medical Leasing Application Only A Credit $5,000. – $50,000.:

  • Terms of 12, 24, 36, 48 and 60 months are available.
  • $495 administrative fee required on all transactions.
  • Approvals are valid for 30 days.
  • Prefunding is available in most cases. Up to 100% of the cost can be done. The lessee will be charged a $100.00 fee per draw (this is in addition to origination / acquisition fee). The lease will begin with prefund and the customer will be expected to make full lease payments every 30 days until lease / loan is paid in full. Equipment requiring an inspection as a condition of approval will be prefunded a max of 50%.
  • 90 Day Deferred Payments are available. Your clients make contact payments of only $100.00 per month plus applicable sales/use taxes. Must be able to show justification for deferred payment and requested at time of submittal.
  • 675 Beacon, Experian, Trans Union credit score required on all PG’s
  • No Bankruptcy’s
  • Most often No Used Equipment older than 5 years

Medical Leasing Application Full Disclosure A Credit $20,000 – $500,000.:

  • Terms of 12, 24, 36, 48 and 60 months are available
  • $495 administrative fee required on all transactions
  • Approvals are valid for 30 days
  • Prefunding is available in most cases. Up to 100% of the cost can be done. The lessee will be charged a $100.00 fee per draw (this is in addition to origination / acquisition fee). The lease will begin with prefund and the customer will be expected to make full lease payments every 30 days until lease / loan is paid in full. Equipment requiring an inspection as a condition of approval will be prefunded a max of 50%.
  • 90 Day Deferred Payments are available. Your clients make contact payments of only $100.00 per month plus applicable sales/use taxes. Must be able to show justification for deferred payment and requested at time of submittal.
  • 675 Beacon, Experian, Trans Union credit score required on all PG’s
  • No Used Equipment (Older than 10 years)
  • No business or business owners with prior Bankruptcy will be considered
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