What exactly is a Lease?
A lease is a contract between two parties, the leasing company or “lessor” and the customer or “lessee”, where the lessor acquires equipment that is chosen by the lessee from an equipment supplier that is usually chosen by the lessee, and then the lessor leases the equipment to the lessee for the term specified in the lease contract. The lease may contain no option for lessee to own the equipment at the end of the lease, in which case it is truly a rental agreement, or it may contain an option (the “purchase option”) for the lessee to acquire the equipment by paying the agreed upon purchase price to the lessor.
Core Product: Equipment Leasing
- Leasing – Leasing is used by 80% of all companies to acquire some or all of their depreciating assets.
- Several billion dollars of committed capital
- Highest possible approval ratio
- Widest range of customer credit profiles
- Rates that meet market expectations
- Provides customers with access to wide selection of financing products and services
- Helps minimize “per-customer credit limits”
- Tax Advantages
- Sale and Lease-Backs – $75,000 and up, lets businesses free up capital that is currently tied up in equipment and machinery, and use this capital for expansion or other uses.
Head Office highlights of what Home n Work offers:
- Transactions from $2,000 to $100,000,000
- Special Programs: ex) SoftLease, FlexLease, MUSH
- Tailored Structures available and Terms from 24 to 84 months
- Approvals for A, B, C, and D credit profiles
- Financing available for both Established and New- customers
- Up to 85% of applications approved
- Approvals up to $50,000 “Same Day”
- New and Used equipment transactions accepted
- Special rates and structures available for public sector (governments etc) lessee’s
Almost any type of Business Equipment can be leased:
Industries Served
- General Business
- Manufacturing
- Education
- Communications
- Professionals
- Medical / Dental
- Transportation / Logistics
- Wholesale & Retail
- Business Services
- Public Sector / Government
- Mining & Construction
Asset Types Financed (New and Used)
- General Business
- Manufacturing
- Education
- Communications
- Professionals
- Medical / Dental
- Transportation / Logistics
- Wholesale & Retail
- Business Services
- Public Sector / Government
- Mining & Construction
- Information Technology
- Hardware & Software (incl, 100% Software)
- Telecommunications
- Medical / Dental
- Office Automation
- Light Industrial
- Industrial Power
- Office Furniture
- Printing
- Material Handling
- Aircraft Heavy Industrial
- Warehousing
- Food Processing
- Production
- Energy Equipment
- Energy Retrofits
- Golf Course Equipment
- Textile Equipment
- Construction
- Mining
- Oil Field
- Waste Handling
- Aircraft
- Titled Vehicles
- Trailers
- Marine
- Receivables
- Sale Lease Back
