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Here are some Frequently Asked Questions, along with answers. If you have a question
or concern you'd prefer to discuss directly with us, please call. We're always happy
to speak with you.
Q: Why lease? Why not just borrow money?
A: If you borrow money to buy and own equipment, you are using up available
credit. These resources, if used for other purposes, have the ability to earn a
much higher return than the cost of the lease payments. Leasing offers a new source
of credit as well as adding the benefit of being able to "expense" the payments
in most instances.
Q: What are the up-front costs for a lease?
A: Usually, just the first monthly lease payment. Unlike a down payment
for a purchase, these payments are smaller and are applied to your total lease payments.
We do not charge an application fee.
Q: What is the typical process for leasing equipment?
A: You fill out a simple, one-page credit application. In certain instances,
other financial information may be required such as tax returns or financial statements.
The supplied credit information is reviewed and upon approval, the lease documents
are prepared and sent to you for signing. A purchase order is then issued to your
equipment vendor. Upon delivery of the equipment and acceptance by you, the equipment
is paid for and the lease commences.
Atlantic Capital Solutions offers a wide variety of leasing programs to enable your
company to acquire the equipment it needs with the innovative solution that works
best for you.
Leasing is 100% Financing
Our leases finance 100% of the cost of the equipment. You can include “soft costs”
in your lease such as shipping, software, training, and installation. Unlike a bank
loan, there is no down payment or compensating balance required.
We can finance any capital asset. Transaction sizes range from $5,000 to $10,000,000
with terms ranging from one to seven years.
Q: What are SBA Loans?
A: The U.S. Small Business Administration (SBA) was created in 1953 as
an independent agency of the federal government to aid, counsel, assist and protect
the interests of small business concerns. SBA loans are loans given by a lender
but partially guaranteed by the SBA. This allows the lender to take a greater risk
and provide financing for transactions that they would not offer otherwise.
Q: Can you finance transactions that have no real estate/equipment as collateral?
A: Yes we have many programs for established businesses, as well as start
ups. Transactions are subject to credit approval.
Q: Should I use my home equity line to start my business?
A: This is a question that has many potential answers; in general terms
a home equity line is one of the most inexpensive forms of financing. In some situations
it would be a great -- or the only -- choice. Other options need to be explored,
however, if one hopes to sustain the longevity of a business. Most businesses don’t
plan on having enough capital and end up closing because they didn’t have enough
funds to sustain the start up years, not because they are bad concepts.
Q: Should I use my 401K to finance my new business?
A: This is another question we could go into great detail on. There are
many appealing reasons one would want to “borrow from” him/her self, including the
fact that it may be the only option. However, there are many reasons to save those
funds and obtain funding elsewhere. We recommend what would be most beneficial to
each client on a case-by-case basis.
Q: My business is in Arizona and ACS is in Massachusetts, can you help me?
A: We work nation-wide.
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When I met Itamar, I had been struggling to secure a small business loan because
of the short amount of time I had been in business and he said he could help me.
Itamar was very professional and he worked efficiently. I was amazed at how quickly
and easily he did succeed with securing the loan for me. He was very, very professional.
Donna Sprague, owner
Lilly Belle’s Floral, MA
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