Call Sunbelt Lessors Today
800-588-5377
972-644-0612

Sunbelt Lessors Frequently Asked Lease Questions

Why lease?
Who leases?
What are the differences between financing and leasing?
What are the most common types of leases and services that Sunbelt Lessors provide?
What type of lease is right for my business?
I want to open a new business. Can a new business qualify for financing?
I need equipment from multiple sources.  Can all my equipment be on the same lease?
What lease terms are available?
Can other costs such as installation and warranties be included in the cost of the my lease?
Does leased equipment require insurance coverage?
When do my lease payments begin?
How much will my payment be?
Are lease payments tax deductible?
What information is necessary to start the lease process?

Vendor Questions
As a vendor, does it cost me anything to offer a Sunbelt Lessors lease to my customers?
As a vendor, when my customer leases from Sunbelt Lessors, when do I get paid?
As a vendor, why should I offer leasing to my customers?
What information is needed for me to get started as a vendor?

Why lease?

  • Great rates! Financing industrial equipment is our only business. Because we specialize, we can provide better rates and terms than most banks and ‘generalist’ finance companies. You’ll deal with a specialist who understands the equipment and the unique needs of manufacturing companies.
  • Let the equipment pay for itself and use our money to make money. Programs are available that provide 100% financing and no payments for up to 6 months allowing profits to ramp up before impacting your cash flow. Include freight, tooling and accessories in the financing as well.
  • Fixed Rates with Flexible terms.
  • Specialized Lending: Deal with someone who understands manufacturing companies and avoid time-consuming complicated bank loans. Leave your bank line of credit available for other needs.
  • Tax savings: $1.00 buy out leases. Tax savings can sometimes cover the entire 1st year’s payments. (more about tax incentives)
  • Hedge against inflation: In an inflationary environment equipment values continue to rise.
  • Fast approvals: In most cases, we’ll approve you with a simple five-minute credit application. Get answers in hours not days!
  • Super simple paperwork: Simple one-page agreements. Financing your equipment doesn’t have to be time-consuming and complicated.
  • Equity investments: Monthly payments are lower than subcontracting costs. At the end of the lease, you own the equipment for $1.00 or the specified amount.
  • Flexibility: There are a variety of leasing programs available to fit your needs
  • Leasing can increase equipment options: Take advantage of lower monthly payments and get the equipment that will maximize your productivity and profits.

Questions? We have answers and we’re ready to help. Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors

Who and/or what types of companies lease equipment?

If a business uses equipment it can lease that equipment.  Nearly any business asset can be leased. Restaurants?  Sure.  Barber shops?  Why not!  A Surgical Center?  Absolutely.  Retail store?  Of course. Just about every business asset can be leased.  Not sure if what your business needs can be leased?   Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors

What are the differences between financing and leasing?

Sunbelt Lessors Lease Funding   Traditional Bank Financing
  • Zero additional collateral required – the equipment itself is the only collateral.
 
  • Very often additional collateral is required including personal assets.
  • Fixed payment and term.  Payment and term does not change.
 
  • Bank loans often are variable and tied to economic indexes –  payments will change.
  • Sunbelt Lessors offers 100% lease financing and the option of including additional equipment cost such as service and maintenance contracts.
 
  • Banks often require significant down payments and often limit terms to 36 months or less.
  • Sunbelt Lessors Smart Lease programs can offer flexible terms, payment structures, and end of  lease options.  Takeouts, rollovers and upgrades (these are options that allow that if your equipment becomes obsolete before the end of your lease you can “take out” the old and replace with updated equipment) are just a few of the extra services that Sunbelt Lessors provides. 
 
  • Conventional loan funding uses rigid, conditional, non-flexible terms and zero options at the loan end.
  • Sunbelt Lessors structures leases to take full advantage of possible tax savings and accelerated depreciation schedules.
 
  • Conventional Banking loan structures are limited to non-flexible IRS schedules and rules.
  • Simple one page application process.
   

 

Questions? We have answers and we’re ready to help. Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors

What are the most common types of leases and services that Sunbelt Lessors provides?

$5,000 – $75,000 application only processing: Simply complete a lease application an fax it back to 972-644-6370, no financial required. Requires a minimum of 2 years in business.

$75,000 – $250,000 application only processing: We eliminate the need for financial statements and/or tax returns. Just fill out the online applications found here: lease application, or download a copy here, complete it and fax back to us at 972-644-6370. We’ll begin processing immediately and keep you informed of our progress along the way. Requires a minimum of 3 years in business.

10% PUT, an agreed purchase of 10% at lease end: This program allows you to fully expense each monthly payment for tax purposes. Can be structured as “off balance sheet financing”. End of lease options include purchase for “fair market value,” a 10% residual balloon payment or you may want to upgrade your system.

$1.00 Finance Lease Plan, This plan is essentially the same as a loan where you depreciate the asset as with any capital equipment purchase. At the end of the lease term, you take title to the equipment for a token fee of $1.00.

Extended Term Option: For the larger transactions of $1,000,000.00 or more we have the availability of a special 10 year term which helps manage budgetary restrictions. Another option is to structure with a monthly payment based on a 10 year term, but amortized over 84 months. A balloon payment at month 84 pays the balance due on the lease. This program would be best suited for large printing presses, medical diagnostic equipment such as MRI systems or any production machinery requiring this level of expenditure.

Accounts Receivable Financing: We have developed a new source to enable you to utilize your accounts receivable to generate immediate cash flow through a Factoring Program. Give us a call if this sounds like an opportunity for us to further enhance your financing needs.

100% software only program available. Sunbelt will finance 100% of that new software upgrade! While most lessors restrict software to a maximum of 50% of the total system cost, Sunbelt offers 100% software transactions terms to 60months. So go ahead maximize your systems performance with a software only upgrade.

New Business Equipment Financing: Start-ups are generally difficult, but we can help you finance some of the equipment you need to get your business on the road to success. Our new business program will cover new or used equipment cost up to $35,000. May require financial data, including tax returns. 

6 Month Deferred Billing: You have need for equipment to handle your growing work load but you need time to get the systems running and ready to generate revenues. Our deferred billing plan will allow you time to best define your work priorities so that the revenues earned will help offset the lease payments. Just $100.00 per month for the first 6 months followed by normal level payments. Quarterly, annual and step payment programs are also available upon request.  

Vendor Programs: While it is unrealistic to expect to close every sale, having all available marketing tools in the hands of your sales team does increase the closing ratios. Few marketing tools are as powerful as a cost-effective leasing plan. When a prospect hesitates to make the buying decision, our lease application form will very often turn a stall into a close, especially when your prospect is made aware of the advantages of leasing.

Higher Residuals = Lower Payments: Consider structuring your lease with a higher residual at lease end and you will significantly reduce your monthly payment. The potential for meeting even the most restrictive budgets lies in creative financing. Here’s an opportunity to lease the more expensive system rather than settling for the least expensive.

Pre-Funding: When terms of payment require a deposit before product can be shipped, we can accommodate that request and arrange for the appropriate down payment with the balance to be paid upon equipment acceptance at the lessee’s facilities.

Questions? We have answers and we’re ready to help. Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors

What type of lease is right for my business?

This area is where experience and professionalism really make a difference. Sunbelt Lessors has been in business since 1983 and over the years have helped thousands of customers make decisions that are best for both the bottom line and the growth of their companies.  Call Sunbelt Lessors at 800-588-5377 today! Or contact Sunbelt Lessors by email here.

Sunbelt Lessors

I want to open I new business. Can a new business lease equipment?

Absolutely.  Leasing allows you to preserve precious start-up capital.  Remember too that your business is not owning business equipment but actually creating your product and/or services.

Questions? We have answers and we’re ready to help. Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors

I need equipment from multiple sources.  Can all my equipment be on the same lease?

No problem. Sunbelt Lessors specializes in creating solutions and it is not unusual for a business to source equipment from multiple sources.  For example, if your business is a restaurant you know that you need stoves, ovens, silverware, furniture, computers, scales, refrigerators, glassware, and so forth and that it would be very unusual to source all your needs with one vendor. 

Need help?  Have questions?  Call Sunbelt Lessors at 800-588-5377 today! Or contact Sunbelt Lessors by email here.

Sunbelt Lessors

What lease terms are available?

Again, flexibility is a Sunbelt Lessors specialty.  Bring us any schedule, any criteria and we’ll go to work to create a funding package for your needs.

Questions? We have answers and we’re ready to help. Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors

Can other costs such as installation and warranties be included in the cost of the my lease?

Yes, extra services including installation can be included in the cost of your lease.  It is important to keep in mind that your business is creating a product or providing a serve, not owning business equipment.  A Sunbelt Lessors custom lease funding program allows you to concentrate on growing your business.

Questions? We have answers and we’re ready to help. Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors

Does leased equipment require insurance coverage?

Yes, the business equipment that you lease must be covered under your business insurance policy.  This, of course is good business practice.  In the case of a catastrophe insurance enables you to recover and be back in business.

Questions? We have answers and we’re ready to help. Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors

How much will my payment be?

The factors in determining your monthly lease payments depends on the amount financed, the length of the lease, the equipment’s residual amount and other variable such buy-out terms or balloon payments.  Important!  Sunbelt Lessors leases work to establish the highest residual rates because Higher Residuals = Lower Payments. Consider structuring your lease with a higher residual at lease end and you will significantly reduce your monthly payment. The potential for meeting even the most restrictive budgets lies in creative financing. Here’s an opportunity to lease the more expensive system rather than settling for the least expensive.

Questions? We have answers and we’re ready to help. Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors

Are lease payments tax deductible?

The short answer is yes.  The best answer is provider by your tax expert.  Many Sunbelt Lessors equipment leases are 100% tax deductible on the lease payment over the life of the lease.

Need to know more?  W e have answers and we’re ready to help. Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors

What information is needed to start the lease process?

Just fill out the Sunbelt Lessors online applications found here: lease application, or download a copy here, complete it and fax back to us at 972-644-6370. We’ll begin processing immediately and keep you informed of our progress along the way. We request the following information: company name, address information, owner/principal information, the cost and type of equipment along with a signature authorization.

Questions? We have answers and we’re ready to help. Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors

As a vendor, does it cost me anything to offer a Sunbelt Lessors lease to my customers?

No.  Sunbelt Lessors vendor services are provided without charge and include:

  • Sunbelt Lessors Private Label Services – Your logo, your address, your company information seamlessly integrated into our Sunbelt Lessors services.  We work as your agent and provide funding services for your customers. 
  • Sunbelt Lessors Marketing Sources – Want to reach new customers?  Break into new markets?  Expand your territories?  Make more money?  Yes, of course you do and Sunbelt Lessors is ready to help.
  • New Business funding –  Sunbelt Lessors is proud that we can offer solutions and funding options where others cannot.  Experience does matter. 
  • Fast settlement – We understand that as a Vendor you need to be paid quickly and completely without any surprises. 

You have an opportunity to close a sale but your prospect is in a budget crunch. So often, when clients hold back on their buying decision, it’s because of budget restrictions rather than their ability to see the virtue of your equipment. With a lease purchase plan provided through Sunbelt Lessors Inc., you’ll find your closing ratios improve dramatically.

We will handle everything for you. When your client expresses an interest in leasing, simply advise that you’ll have your leasing representative make contact to discuss the various options available. Then give us a call and we’ll take it from there, keeping you informed of our progress along the way. Once the credit is approved, we’ll instruct you on how to prepare your invoice so that we can facilitate prompt funding.

Leasing is an excellent sales tool, giving you complete control of the sale and your clients buying process. And, your client will appreciate the fact that we do not require any financial statements or tax returns to process their line of credit. A completed lease application is all we need up to $150,000, Of course we will handle any size transaction with no dollar limit.

Our funding lines enable us to secure financing for anything your client may need to grow their business. New or used manufacturing/production equipment, computer systems and related software, office furniture, signs, packaging systems, trucks, just about anything related to business needs. Trust Sunbelt to secure the best financing structure. Minimum transaction of $2,000.00 on up to seven figures and terms to meet your clients financial needs.

Vendor programs always on non-recourse basis. Prompt funding is our priority and we have the capability of “pre-funding” up to 100% of your equipment cost prior to shipment. Unlike many traditional lenders, we have the latitude to get the B & C type credits approved as well as the As.

Questions? We have answers and we’re ready to help. Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors

What information is needed for me to get started as a vendor?

To become a Sunbelt Lessors approved vendor just fill out a simple Vendor application found here.

Questions? We have answers and we’re ready to help. Ask here, or call your Sunbelt Lessors Representative at 800-588-5377 today!

Sunbelt Lessors