Leasing has become one of the most widely used methods of financing for equipment and machinery acquisitions by businesses. Here are just some of the reasons why:
- Capital Preservation
- Credit Preservation
- Easier Budgeting
- Financial Efficiency
- Tax Deferral
What types of assets can be leased?
BC Capital Corporation can provide financing for virtually all types of equipment, machinery and other capital assets. We can even arrange leases for computer software.
Who can lease?
BC Capital works with virtually any type of business entity, including:
- New businesses and start-ups
- All Industrial and Manufacturing sectors
- Institutions and Non-Profit Organizations
- Universities and School Boards
- All levels of Government
- Hospitals, Medical and Dental practices and clinics
- Professionals and Consultants
In fact, any business that requires equipment of any kind can benefit from leasing.
What are the rates?
BC Capital continually strives to provide the most competitive lease rates available. Rates are dependent upon the customer’s credit profile, length of time in business and industry, as well as on the type of equiment, size of transaction and term/structure of the lease.
Is a down payment required?
Generally, for customers who meet the minimum credit and length of time in business requirements, no down payment is needed. On execution of the lease, an amount equal to first and last month’s lease payment with a small documentation fee is all that is required.
Are personal guarantees required?
Provided that the business meets certain minimum credit requirements, no personal guarantees are required. In some instances another related business can act as a guarantor for a lease, rather than having owners or partners act as a guarantor.