More to come...
Questions - FAQ's
What equipment can I lease?
A. Just about any commercial equipment for use in
business, government or non-profit institutions...[the
What dollar amount can I finance and for what term?
A. Our minimum lease size is $2,000. QuickLease
(application only) is valid up to $100,000. Our commercial lease programs
run from $50,000 to $5,000,000.
Are there any "application fees, closing costs or points" with a First
A. No. Unlike most banks we do not add points or
Does the equipment have to be new?
No. We provide lease financing for used and/or new equipment--in fact, we
can even buy back equipment recently purchased for cash and lease it back to you
to free up cash!
How long does it take to be approved?
A. QuickLease™ leases can be pre-approved in 30
minutes. Complete approvals take 24-48 hours (depending on how fast your
bank and trade references respond to us.)
How do I know I will get the best price on the equipment that I want?
A. Because you will negotiate your own best price,
with the vendor or your choice. First Capital only purchases the equipment that
you have selected at the price you have agreed to.
What about "software" and other "soft" costs in general like
training, installation etc.
A. We can provide
up to 100% financing for "software only" leases. Our standard
lease all include allowances for costs like training, installation, initial
maintenance and consulting fees
Who is responsible for insuring the leased equipment?
is the lessee's (your) responsibility. You will be asked to provide proof
of insurance coverage.
Do I need "perfect credit" to get a business lease?
A. Not usually. We can deal with a wide variety
of credit challenges--past slow pays, past paid liens, an occasional charge-off
even an older, adjudicated bankruptcy! We will look closely at your
payment history since the credit issues were first reported for evidence that you have
gotten your finances back in order. (Our goal is to find reasons to make