Frequently Asked Questions
about
EQUIPMENT LEASING AND FINANCING
- What service does Martin Equipment Leasing provide?
- Why should I lease my business equipment?
- What types of assets are available for my company to 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?
What service does Martin Equipment Leasing provide?
Martin Equipment Leasing provides solutions. Since 1985, our company has prided itself on establishing a more competitive equipment leasing business for our commercial clients. 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.
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What types of assets are available for my company to 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.
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How does the leasing process work?
First, contact a Martin Equipment Leasing representative for a credit application. 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.
Is there a minimum or maximum equipment cost that a company can apply for in order to qualify?
The cost may range from the low four figures to the high seven figures.
Can I lease equipment for our company offices nationwide?
Martin Equipment Leasing is able to lease equipment to your company’s various locations in just about every state in the country.