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Our Leases fall into one of five categories:
Full Financial Leases: This type is by far our most common lease family. Full-Financial Leases start at $75,000, with the most falling between $200,000 and $1,000,000. For these leases, we need 3 years of audited financials, (or reviewed financials w/ associated tax returns). In addition we require current year interim financials with prior year comparisons. These leases are available as: "$1 out", "Full Market Value", and "PRO (Purchase or Renewal Option)"
Application-Only Leases: These are smaller sized leases, generally under $75,000 with a quicker application and approval process.
Application-Only Leases with hard assets: These are the same as Application-Only Leases but are for equipment with longer useful lives. (generally 10-15 years). Examples of asset types in this category are: Construction equipment, smaller industrial machinery, trucks and trailers. These leases can go as high as $250,000.
Municipal Leases: These are leases for municipalities and are subject to a different application process and rental streams than leases for commercial enterprises.
Vendor-Affiliate Lease Programs: While not a separate type of lease, the Vendor-Affiliate Lease Program allows equipment vendors to offer their customers a private-label lease option through OneSource Financial Corporation. Leases written under this program are generally of the Application-only size. |