The plan is similar to other sale-leasebacks in terms of mechanics and the benefits achieved by the arrangement, but different in certain vital areas. For example, with the Asset-Buy Sell Plan, leases can be scheduled in accordance to the cash flow and income periods of the small business to facilitate timely loan or lease payments. Lease terms can be as high as 10 years. These are generally not available in many sale-leaseback arrangements. Also, there are no application fees or closing costs.
Interest rates are very competitive and applications are accepted nationwide.
Virtually all equipment with long economic life is considered. This includes printing equipment, store fixtures, office equipment, computers, optical equipment, cash registers, medical equipment, satellite dishes, telephone equipment, manufacturing equipment, store fixtures, construction equipment, automotive equipment, office furniture, x- ray equipment and dental equipment. Any kind of office equipment is considered. Terms are flexible, generally up to 72 months. With the reluctance of many lenders to extend long-term fixed repayment schedules, we believe our Small Business Finance program will help fill a gap in today's market.