TERMS AND COLLATERAL FAQ’s

(1) What types of equipment can be leased?
A wide range of equipment is eligible for leasing, including computers, business machines, furniture, telephone systems, medical equipment and industrial equipment.
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(2) How long can I lease equipment?
Typically lease terms range from 24 to 60 months, depending on the type of equipment covered by the lease.
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(3) What happens at the end of the lease term?
Depending on the type of lease you choose, there are several options available at the end of your initial lease term. Generally, these options may include one or more of the following:

• Continue to lease the existing equipment (subject to credit approval)
• Upgrade to new equipment (subject to credit approval)
• Purchase the equipment
• Return the equipment
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(4) Can I combine several equipment purchases from different suppliers in one lease?
Yes; you can bundle multiple equipment purchases into one equipment lease, which offers you the convenience of one consolidated monthly payment.
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Advance Commercial Financing LLC Est. 2008

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