| What types of financing does Fortis do? |
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| Fortis Capital offers competitive financing options on all types of equipment leases, startup companies, commercial real estate, debt consolidation, working capital lines, partner buyouts, franchise financing including McDonalds and Subway, as well as SBA loans. We can even customize special financing for your business and your situation. |
| What type of rates do you use? |
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| We have competitive financing on every option we offer. Lease rates are based on the equipment you would like to purchase, cost, term, and credit history. |
| What is a Sale Leaseback? |
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| An arrangement wherein the owner of a property sells that property and then leases it back from the buyer. |
| My business has cash available. Why should I consider leasing? |
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| Most equipment doesn't hold its value. Also, compared to purchasing, leasing requires only a minimal investment and frees up your working capital for revenue generating activities. |
| Does Fortis Capital finance software? |
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| Yes, we can finance new software for your business. We also can include soft costs such as installation, supplies, tax, or training. |
| What is a lease agreement? |
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| The contractual agreement between the lessor and the lessee that sets forth all the terms and conditions of the equipment lease. |
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| The periodic payment made during the lease term. This payment will usually be paid every month, but may be paid quarterly. |
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| A vendor is a licensed dealer of equipment. |
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| A lease considered to have the economic characteristic of asset ownership. |
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| A lease that is accounted for as a purchase of equipment instead of as a rental of equipment. This will usually be a lease that covers most of the useful life of the equipment or a lease that has a bargain purchase option at the end. |
| What is an operating lease? |
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| A lease that is for a shorter term than the useful life of the equipment. An operating lease is any lease that is not a capital lease. |
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| A purchase option at the end of a lease for equipment less than its market value. The most common option is the $1 Buyout. |
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| The price that a perspective buyer would be willing to pay for a piece of equipment in the open market. |
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| The release of funds to a vendor before providing the equipment to the lessee. It is very common for a vendor to require a certain percentage of money upfront before the equipment is shipped. |
| What is off balance sheet financing? |
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| A type of financing where the lessee is not required to report it on the company's balance sheet. The most common form of off balance sheet financing is an operating lease. Generally the asset itself is kept off the lessor's balance sheet, and the lessee reports only the required rental expense for use of the asset. |
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| A pre-qualified amount of debt or money that a lessor will allow to a lessee for equipment purchases. |
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| Call Us Now! |
1-877-5FORTIS
FORTIS CAPITAL |
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