8 out of 10 businesses lease some or all of their equipment. It makes good business sense. Here's why...

1. Conserves Capital - Leaves you free to invest in other parts of your business to yield higher returns
2. Preserves Bank Credit Lines - Leasing won't affect your borrowing capacity with banks and other lending institutions
3. 100% Financing - Not only on equipment, but on soft costs like installation and training which can be rolled into your monthly lease payment
4. Flexibility - A variety of lease plans including seasonal to skip payment plans may be tailored to fit your needs
5. Possible Tax Benefits - In certain cases, lease payments may be fully tax deductible as an operating expense. Check with you accountant
6. Small down payment - Typically only on two monthly payments are required down

Contrast Cash vs. Bank Loan vs. Leasing Purchase Plans and you'll agree Leasing is the Way to Go!

We offer an Equipment Lease Program that allows businesses to lease their equipment instead of paying cash or getting a bank loan. Our leasing limits are a minimum of $10,000 and as much as $100,000 per client. This allows the business owner to conserve capital for other expenses, such as running their business. Most of our clients chose the “$1 Buy Out” feature, which means that at the end of the lease, the equipment can be purchased for $1. Leasing also carries many tax advantages, so please check with your accountant to find out whether leasing is the best option for you and your business. These lease programs can be customized depending upon the business owner’s needs and situation. Our leasing capabilities are limited by certain state restrictions and limitations and we are usually unable to assist if there has been a Bankruptcy within the previous 3 years, the credit score is below 600 and there is negative net worth.

However, our funding source has a very aggressive underwriting process. They actually analyze the credit report, not just the score, so often times we are able to help start-up businesses where most can not.

As well, Aspire Funding Group has a strategic relationship with a Funding Partner who specializes in large equipment leases, meaning $100,000 up to $100 million. There are many large manufacturing operations that need to use a lease program for equipment because the cash outlay for something that large would cripple their operational capital. Our group has the expertise and funding sources to handle a large project. If you have any questions or need to speak with us about your leasing needs, please use our Contact Us page.

Restaurants tend to represent a greater amount of risk than most industry types.

1. Start-ups will be considered.
2. Additional locations, i.e. branch locations or moves of existing restaurants to new locations, will only be considered if the underlying credit warrants consideration.
3. Lessee should be D & B listed.
4. Minimum FICO is 660 and owner(s) should have a residential mortgage.
5. Minimum average bank balance is a medium 4.
6. Applications greater than $25,000 will generally require 2 years business tax returns.
7. Only essential use equipment will be considered, preferably hard assets.

Our Private Label Lease Program is a phenomenal way for your business to provide the lease option to your customers in a way that really makes your business stand out. We will take the time to understand your operation and create a lease program that will work for you and your customers. Our program will allow you to offer leases as small as $1,500 and as high as $100,000). The perception of this program with your customer base will project a clean and corporate leasing program with your company’s logo at the top of the documentation. We will explain the quoting, pre-approval, underwriting and payment process so that you and your staff can deliver a program that really works. Our funding source is aggressive and fair at analyzing the credit of your customers. Our Leasing Company has an efficient and time proven underwriting process that works and can turn leases around quick so that you can get paid and your customer can get their equipment quickly. We can even design the program so that 20% of their soft costs can be rolled into the lease; this is a “win-win” for everyone. Since this is a custom program, there are certain restrictions and limitations per state, so please send us an email through our Contact Us page. We will call you back and discuss this program and how it can work for your company!

Our Sale Lease-Back product is popular with many industries; however, restaurant owners seem to use it the most because it allows them to use the equipment that they own to create working capital for the business. Many business owners often find an opportunity to expand their current business or possibly open a new operation but don’t have the capital to do it. This program gives them that option and they don’t have to go to a bank to do it. In order for this to work, the equipment must be owned free and clear and the business owner must be able to prove ownership. Our funding source can fund up to 60% of the equipment value. Basically, the business owner sells the equipment to the leasing company and then the leasing company leases the equipment back to the business. This creates a significant amount of cash for the business (which is paid at closing) and then the payments can be spread out over 60 months. It is important that the business be able to support the lease payments so there has to be good cash flow for this to work. This can be done for many types of industries, not just restaurants, so if your business needs quick capital and to take advantage of a great opportunity, we can help. This is program has certain restrictions and limitations, so if you are interested in learning more, please contact us using our Contact Us page and we will call you to discuss the program and how we can possibly help.

Equipment Cost $10,000 To $15,000:
Parameters: Minimum Standard
Time in business: Start-ups will be reviewed based on borrower’s strength
Bank Average Balance: Low 4 figure (never required if FICO > 700
or > 5 years confirmed time in business)
FICO Score: 620

Equipment Cost $15,001 to $25,000:
Parameters: Minimum Standard
Time in business: Start-ups will be reviewed based on borrower’s strength
Bank Average Balance: Medium 4 figure (never required if FICO > 700
or > 5 years confirmed time in business)
FICO Score: 620

Equipment Cost Up To $25,001 to $50,000:
Time in business: Start-ups will be reviewed based on borrower’s strength
Parameters: Minimum Standard
Time in business: 4 Years
Bank Average Balance: Low 5
FICO Score: 640

Equipment Cost > $50,000 up to $100,000:
Parameters: Minimum Standard
Time in business: Start-ups will be reviewed based on borrower’s strength
Bank Average Balance: Medium 5
One commercial lease/loan reference Comparable to application amount
Lessee should be D & B listed Minimum paydex of 70
FICO Score: 640
Financial Statements may be requested

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