Equipment Financing Made Simple
Finance Equipment for your business through Providence Capital and receive our top rated service and a financing plan tailored to your needs. We are experts in providing equipment financing solutions to businesses across the U.S. We use our decades of industry experience to offer a smooth finance process every step of the way.
Contact Danny Stewart – (714) 985 – 6214 or Matt Abbott – (714) 985-6212
Equipment Lease Payment Calculator
The Payment Calculator provided on this page is to be used as a tool for budgetary purposes. Monthly payments may vary and are subject to credit approval.
Purchase Options Explained
FMV
Also known as a true lease or operating lease. Under this type of arrangement a lessee has the option to buy the equipment at the end of the base term for the “fair market value”, which generally equiates to a minimum of 10% of the purchase amount. This type of lease allows the customer to deduct the full monthly lease payment as a rental expense, thereby reducing their tax liability. FMV Leases are associated with off-balance sheet financing.
10% purchase option
The lessee will have the option to purchase the equipment for 10 percent of the original purhcase price. Monthly payments will be higher if a customer chooses a 10% purhcase option vs a fair market value option and will have a lower payment vs a $1.00 purchase option.
3.5% purchase option
The Lessee will have the option to purchase the equipment for 3.5% of the original amount. Generally the customer will pay a higher lease payment than a 10% purchase option, but will have a lower lease payment than a $1.00 purchase option
$1.00 purchase option
A $1.00 purchase option is a capital lease. The advantage of a $1.00 purchase option is the transfer of ownership once the lesse makes their last lease payment.
Get a Financing Quote in minutes!
We Offer You
- One-page application up to $600K
- Fast credit decisions
- Flexible payment plans
- Superior customer service throughout the life of your contract
Our Promise
- Our sales people know your industry and will work with you to create a financing structure that matches your specific needs.
- Our customer support team will walk with you through the entire process, making sure you have all the information you need and are completely satisfied with us.
Pdf Application
Prefer to fill out a PDF application?