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         First American                    Finance Corporation      

Business Equipment Financing Specialists

If we can't do it. . . it can't be done!

Phone: 260-726-8508                     Fax: 765-768-4133

We Know What You Look for in a Leasing Company.

At First American Finance, you can expect quick credit approvals, competitive rates, timely funding, prompt and courteous service, and above all, communication.

We have an array of equipment leasing plans available.  Clients may choose from monthly, deferred payment leases, graduated payment leases, or skip payment leases.  All credit types considered.  We also have programs for Start-Ups.  Funding amounts starting from $10,000 to $10,000,000.

  Fill out our Easy On-Line Application    

If You Can Use It, We Can Finance It!

AGRICULTURE EQUIPMENT     -    AUTOMOTIVE REPAIR EQUIPMENT

COMMUNICATIONS EQUIPMENT   -  COMPUTER SYSTEMS & SOFTWARE

CONSTRUCTION EQUIPMENT    -   EXERCISE & BEAUTY EQUIPMENT

MANUFACTURING EQUIPMENT    -   STORE FIXTURES & DISPLAYS

FOOD PROCESSING & PACKING EQUIPMENT    -    HVAC EQUIPMENT

LAUNDRY & DRY CLEANING EQUIPMENT      -      MACHINE TOOLS

MEDICAL EQUIPMENT       -     OFFICE EQUIPMENT & FURNITURE

COPYING & PRINTING EQUIPMENT   -    RESTAURANT EQUIPMENT

SURVEILLANCE EQUIPMENT         -        VENDING EQUIPMENT

TRUCKS & TRAILERS   -  MOVIE & SOUND PRODUCTION EQUIPMENT

  Fill out our Easy On-Line Application   

Leasing Program FAQ

HOW LONG OF A TERM CAN I LEASE FOR?

Terms range from 12 months to 60 months. We can extend to 84 months on certain equipment

WHAT ARE YOUR CREDIT CRITERIA?

The business must maintain a satisfactory payment history with its suppliers. The requirements of the business banking relation ship is to average a minimum $1,000.00 balance. We also review the personal credit of the owners of the business and look for relatively clean credit history.

DOES ALL THE EQUIPMENT HAVE TO COME FROM THE SAME VENDOR?

No, you may get equipment from multiple vendors.

WHO HAS RIGHTS TO WARRANTIES AND LICENSING FOR THE EQUIPMENT?


The warranties and licensing offered by the manufacturer and/or vendor are passed on to you.

CAN I DEFER OR SKIP PAYMENTS?


Yes, we offer deferred and skip payments as well as seasonal, and we can give you coupons for you to use at a slow time of the year. For these programs we will need to set it up at the beginning of the lease.

WHAT IS THE INTEREST RATE?


Typically, the interest rates are comparable to bank loans and depend on term, equipment cost, type of equipment and credit of lessee. In most cases the entire payment can be treated as a rental expense, which is a tax write-off.

CAN I LEASE USED EQUIPMENT, OR EQUIPMENT COMING FROM SOMEWHERE OTHER THAN A VENDOR?


Yes, we can lease used equipment, and in some cases it can come from an end user or an auction.

CAN I LEASE EQUIPMENT THAT I ALREADY OWN OR RELEASE EQUIPMENT THAT I CURRENTLY HAVE WITH ANOTHER LEASING COMPANY?


Yes, in some cases we can write you a check for equipment that you already own and then just make payments to us on a term usually up to 36 months (sale lease-back). For equipment that you already have on lease with another company - in a case where you want a longer term or you aren't happy with your current leasing company. The rate is generally a little higher for these types of transactions.

IS THE LEASE TRANSFERABLE?

Yes, as long as the new lessee's credit qualifies.

WHEN DO MY PAYMENTS START?

In most cases we collect the 1st and last payment at lease signing, your next payment will be approx. 30 days after the equipment has been delivered.

CAN I LEASE SOFT COSTS OR SOFTWARE?


Yes, we can provide 100% software leases and soft costs such as training, installation and extended warranties and support packages as part of a lease for all types of equipment.

CAN I RETURN THE EQUIPMENT AND STOP MAKING PAYMENTS?

No, the lease is non-cancelable. You may return the equipment after all payments have been made or you may get a discount for paying off early.

DO YOU DO ANY LEASING TO NEW BUSINESSES OR START-UPS?


Yes, we do leasing for new business's established less than 2 years.  We also do Start-Ups which require the owners to have previous experience in a related field and good personal credit. These programs will have higher rates.

HOW LONG DOES THE LEASING PROCESS TAKE?

The credit approval generally takes about 24-48 hours or less, for applications up to $100,000.  Depending on applicant response time to document requests, funding usually takes place within 5 - 10 days.

WHAT IS THE FIRST STEP IN GETTING THIS PROCESS STARTED?

You may complete our easy on-line application or print our online lease application, fill it out, and fax it to our fax number below.   We appreciate the opportunity to do business with you.

Phone: 260-726-8508                Email:  Contact Us                Fax: 765-768-4133