Commercial Capital Customer FAQs

Q: Who is eligible for commercial capital leasing?

A: Any business, individual, nonprofit group or association that plans to use the leased equipment for a commercial use can take advantage of commercial financing.

Q: What type of equipment can be financed?

A: Any equipment needed for a business is eligible for commercial financing. Capital equipment that is commonly leased includes office equipment, such as phone systems, computer networking equipment, copiers and furniture; construction equipment; reprographics equipment; medical equipment; and manufacturing equipment.

Commercial financing also can factor in the costs of consultation and installation.

Q: Why do businesses choose commercial financing?

A: Commercial financing eases cash flow for businesses and is a popular choice for small and medium size businesses.

With commercial financing, monthly payments are tailored to a business's individual needs. When businesses lease, they keep other lines of credit free.

Capital equipment leasing helps businesses keep their equipment up to date without having to risk purchasing equipment that may soon become obsolete.

Capital equipment leasing also provides tax benefits for many businesses.

Q: How big will the down payment be?

A: With commercial financing, there is no down payment. Generally, the money that is put down will be the amount of a monthly payment, and that money will be applied to the terms of the lease.

Q: What will the interest be?

A: Capital financing breaks the cost of purchasing equipment into regular monthly payments. Payments are not broken down into principle and interest.

Q: Can more equipment from different vendors be covered under the same lease agreement?

A: If a business is making multiple purchases within the same time frame, those purchases can be consolidated into one commercial lease with one monthly payment.

Q: Can equipment be added to a lease?

A: Yes. New equipment can be added to a lease at any time.

Q: Can a lease be canceled?

A: No, commercial leases cannot be canceled. However, leases can be paid off early without penalty, or equipment can be upgraded.

Q: What types of leases does Commercial Capital provide?

A: Commercial Capital provides customers with multiple lease options, including true leases or operating leases, finance leases or capital leases, skip leases and master leases.

Q: What lease terms does Commercial Capital offer?

A: Commercial Capital offers a range of lease terms, allowing businesses to choose a lease financing term that best suits their needs. Common lease terms include 24-month financing, 36-month financing, 48-month financing and 60-month financing.

Q: What happens at the end of the lease?

A: At the end of the lease financing agreement, the leased equipment can be returned or purchased, or the lease can be extended.

If the leasing business chooses to purchase the equipment, the businesses will be able to purchase the equipment for fair market value, for a percentage of the equipment's cost or for a set rate, such as through a $1 buyout, or abandonment lease. The purchase options are included in the terms of the lease.

Q: Where does Commercial Capital provide leasing?

A: Commercial Capital, based in Kansas City, Mo., serves businesses nationwide, but primarily serves businesses and vendors in the Midwest, from Illinois to Colorado and from Texas to North Dakota.

Q: How long does the commercial leasing process take?

A: Commercial Capital offers a quick and efficient application process that usually lasts less than three hours.

To obtain a lease, an application is filled out, and then other financial information, such as tax returns or financial statements, may be requested.