Monthly Payment Examples – Equipment Financing
Monthly Payment Examples:
The monthly payment range, in the chart to the right, is for a 60-month Equipment Finance Agreement (EFA). You, the customer, are the owner of the equipment. The lender simply files a UCC. When your last payment has been made, they terminate their UCC Filing. The payment figures assume the first and the last payment to be made at the time of documentation signing. There is no down payment or capital reduction required.
For approval, we require
- One Page Credit Application
- Summary page from the last 3 months company bank statements
- General info on equipment and vendor or vendor quotes if available
Call, email or text anytime with questions. Thank you,