Many of your questions about how our financing programs work may be answered below. But, we would rather talk to you, so if you don't see what you are looking for, please give us a call at 800.368.3181. We are always available to help.
To download a credit Application, click here.

For our lease calculator, click here.

What is an equipment lease?
A lease is an agreement between you (the lessee) and CCF (the lessor) to pay a monthly payment for an agreed-upon length of time (term).

Why do I want to lease equipment?
A lease allows you to secure the equipment you need quickly and without a large down payment. Leasing is appropriate for both new and established businesses, and those that are financially strong or financially challenged. Leasing allows you to preserve capital so it can be invested in more profitable areas, such as personnel, marketing, expansion, inventory, or future business acquisition. Alternatively, you can preserve your cash for unknown emergencies.

Why is leasing so popular?
Financing and leasing allow your money to work harder because they assist in managing change and cash flow. You pay for your equipment as it performs its job. Your payments balance your revenues to your expenses.

How do I get the best price on the equipment I've selected?
You do all the negotiating; thus, you have complete control over the pricing you receive. Then, on your company's behalf, CCF purchases the equipment that you've selected at the agreed-upon price.

What kind of credit is required to obtain an equipment lease?
Like most lessors, we generally require first and last payment. If there are credit concerns we may also require a personal or corporate guaranty, security deposit or some form of collateral.

How do I pay?
Depending on your needs, CCF will generate an invoice monthly CCF prefers to have the payment set up to automatically debit your bank account. This is very cost effective way of making payments.

What about tax benefits?
Payments under properly structured leases (FASB qualified) may be 100% tax deductible. Moreover, deductions are taken from pre-tax earnings, not after-tax profits. In all instances, we recommend that you consult with your accountant or tax advisor for advice on how to expense your lease.

Who is responsible for sales and use taxes?
Your company is responsible for any and all sales and use taxes.

Does leasing preserve my bank line of credit?
Yes, your bank line of credit is unaffected, because financing or leasing with CCF compliments your bank operating line as an additional source of funds.

Who is responsible for insuring leased equipment?
This is the lessee's responsibility. You will be asked by CCF to provide proof of insurance coverage. Generally this is accomplished simply by asking your insurance provider to list CCF as an additional insured and loss payee.

What if I want to change, upgrade or add on equipment before the end of the lease?
Yes, this can be done. CCF can assist you in reviewing options related to a new lease schedule.

Who provides warranty service and ongoing maintenance?
The vendor (or original supplier of the equipment) will provide all warranty service. The warranty is handled exactly as it would be if you paid the vendor directly for the equipment. Once the warranty has expired, you can hire whomever you wish for ongoing maintenance and repairs.

Does all the equipment have to be new?
No, CCF provides lease financing for both new and used equipment with some limitations.

Please note that most leasee are 12 or 24 month contracts. Other terms are available on a case by case basis.