
Bank Loans:
- Rates are usually floating based on prime
- Banks generally lend only a portion of the equipment cost (60%-80%)
- Banks will use fees to boost their rates (originating fees, etc.)
- Banks are less flexible than a lease company & will need a full financing package
Leasing:
- Rates are fixed for the term of the lease, allowing customers to budget cash flow
- Is 100% financing (including all soft costs, like shipping & installation)
- Most applications fall under our “application only program“
- We do not require a financing package
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