Sale Leaseback / Refinancing
Leverage the equity in your owned equipment to receive cash deposited into your bank account.
Details:
A Sale Leaseback is a transaction where we purchase your equipment from you for cash, and you lease it back from us
We advance 100% of the purchase price of equipment purchased it in the past 6 months
We advance 50% of the appraised value of equipment for equipment purchased more than 6 months ago
Once you pay off the balance of the lease, the equipment becomes free-and-clear again
In certain cases, typically for older assets, a third party appraisal is required to determine an accurate valuation of the asset
The Process:
Complete a credit application
Send the following information to us: credit application, equipment specs, original invoice or bill of sale, proof of payment any repair bills
If necessary, arrange appraisal of the equipment
Decide on a payment term and structure that works for you
Funds arrive in your bank account within 48 hours
Contact us today for more information about Sale Leasebacks.