Frequently Asked Questions
about
EQUIPMENT LEASING AND FINANCING
- How does Dick Martin Leasing fund equipment leasing deals?
- Why should I lease my business equipment?
- What types of equipment can I lease or finance?
- How does the leasing process work?
- What is the difference between leasing and financing?
- Who can qualify for leasing or financing?
- Is there a minimum or maximum equipment cost that a company can apply for in order to qualify?
- Can I lease equipment for our company offices nationwide?
How does Dick Martin Leasing fund equipment leasing deals ?
Dick Martin Leasing is a equipment lease and finance broker Since 1985 we have fund thousands of equipment lease and finance transactions. The relationships and reputation we maintain with various lenders and vendors nationwide allows us to seek out the best possible arrangement to suit the needs of you and your company.
Why should I lease my business equipment?
Leasing conserves working capital for more profitable uses in business. Leasing does not tie up your existing bank lines of credit. Quite often, leasing provides more favorable terms than bank borrowing.
Back to Top
What types of equipment can I lease or finance?
Virtually any type, quantity, or combination of equipment both new and used, can be leased or financed - for example, if your company is expanding and needs to acquire new office equipment, such as furniture or computers. We also provide financing and leasing to companies in a wide range of industries, including medical, agriculture, manufacturer, professional, graphic and computer, oil, restaurant and entertainment as well as signage.
Back to Top
How does the leasing process work?
Complete the credit application fax or email to our office. A lease representative will contact you within 48 hours with a quotation. Then select your vendor and equipment. The request is then submitted for approval. Within two business days, upon approval, our company orders the equipment and prepares the documentation. Once the documents are signed, the deal is funded and the vendor is paid - simple as one, two, three.
What is the difference between leasing and financing?
The difference between leasing and financing is the down payment. Most banks require a down payment on a loan whereas with a lease there is not. Leasing provides 100% funding, including tax, shipping, and installation.
Who can qualify for leasing or financing?
Although length of time in business is an important factor in qualifying, leasing and financing is available to all industries, including professionals, manufacturers, and retailers. A company in business for two or more years with favorable bank and trade references is ideal. But new business can be approved.
Is there a minimum or maximum equipment cost that a company can apply for in order to qualify?
We fund leases from $5,000.00 to $5,000,000.00. From terms of 24 months to 72 months. Monthly payments are typical, but quarterly and seasonal can be arranged.
Can I lease equipment for our company offices nationwide?
Yes we are able to lease equipment to your company’s various locations in just about every state in the country.