| Leasing Terminology |
Acceptance ("Delivery & Acceptance"). The lessee’s acknowledgement that
the equipment to be leased as has been received and is in satisfactory
condition. For the lessee's protection, funds will not be released to your
vendor until we have received your written "delivery and acceptance" form and
been able to reconfirm same by telephone.
Advance Lease Payments. Most leases call for a specific number of lease
payments in advance. 1-2 payments is a typical requirement. The total
number of payments during the lease are reduced by the advance
payments. (Bank financing typically require much larger "down payments,"
typically 10-25% of the purchase price to close the loan along with
"origination" and other fees.
"Application Only" Program. A streamlined credit application and review
procedure that only requires the submission of a single page application with
basic information about the business' principals, bank and trade references.
This type of program does not require financial statements, tax returns,
business plans or other more detailed disclosures.
Commercial Lease program for larger leases--$50,000 to $5,000,000. Our
most aggressive pricing. Businesses must provide 2-3 years audited or
review level financial statements or tax returns and must be under current
ownership at least 2 and usually 3 years.
Deferred Payment Lease The initial lease payments are deferred 60, 90 or
120 days to accommodate cash flow/capital budgeting requirements.
the equipment to be leased as has been received and is in satisfactory
condition. For the lessee's protection, funds will not be released to your
vendor until we have received your written "delivery and acceptance" form and
been able to reconfirm same by telephone.
Advance Lease Payments. Most leases call for a specific number of lease
payments in advance. 1-2 payments is a typical requirement. The total
number of payments during the lease are reduced by the advance
payments. (Bank financing typically require much larger "down payments,"
typically 10-25% of the purchase price to close the loan along with
"origination" and other fees.
"Application Only" Program. A streamlined credit application and review
procedure that only requires the submission of a single page application with
basic information about the business' principals, bank and trade references.
This type of program does not require financial statements, tax returns,
business plans or other more detailed disclosures.
Commercial Lease program for larger leases--$50,000 to $5,000,000. Our
most aggressive pricing. Businesses must provide 2-3 years audited or
review level financial statements or tax returns and must be under current
ownership at least 2 and usually 3 years.
Deferred Payment Lease The initial lease payments are deferred 60, 90 or
120 days to accommodate cash flow/capital budgeting requirements.
| Copyright 2002-2006 M.J.M. Capital, Inc. All Rights Reserved. |
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M.J.M. Capital, Inc.
Equipment Leasing
Equipment Leasing
| Call 866.MJM.CAP2 or 866.656.2272 to find out more. |
| Visit M.J.M. Capital, Inc.'s family of websites: mjmcapitalinc.com SweetCooking.com CookingHeaven.com mjmfunding.com mjmcap.com |