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1. How long does it take?
US Business Funding can provide up to $75,000 with a one page credit application. Many times credit approval can be completed within a few hours. Funding typically occurs within 24-48 hours after delivery and acceptance.
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2. What is the buy out?
You have a variety of options available to you. These include Fair Market Value, EFA/Equipment Finance Agreement, $1 Buy Out, and Fixed Percentage Purchase Options.
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3. What kinds of equipment can be leased?
US Business Funding finances most types of new or used business equipment including office and manufacturing equipment, computers, software, furniture and commercial vehicles.
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4. Does the equipment have to be new?
US Business Funding can finance new or used equipment. We can also finance third party sales.
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5. What is the rate?
Rates are determined based on credit history, equipment cost, and term structure. For an immediate quote complete our Quick Quote Request Form.
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6. Can leases be pre-paid at any time?
Leases can be paid off at any time.
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7. Are lease payments a tax write off?
Typically the IRS will allow you to write off 100% of your lease payment on a True or FMV lease. Consult your accountant for specific application to your business.
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8. Are lease rates variable?
No. Lease rates and terms are fixed.
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9. What size leases can I apply for?
Businesses can apply for up to $ 75,000 with a One-Page Application or up to $ 50,000,000 with a full financial package.
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10. How long do I have to be in business?
Most programs require a minimum of two years in business. However, exceptions can be made based on the credit strength of the company. US Business Funding also has a program for businesses that have been established for six months. Freelancers can prove time in business either by verification of a business checking account, or by showing income on a Schedule C of a tax return.
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