One name for Business Loans, Equipment Financing & Refinancing

Frequently Asked Questions

  1. Can Anyone Lease?
  2. Who is best suited for Leasing?
  3. Can a self employed person qualify for a Lease?
  4. What Has Made Leasing So Popular In Today's Marketplace?
  5. I Am New In Business And Would Like To Lease, Can I?
  6. How Long Does It Take To Get The Application Approved?
  7. Can I get the Equity out of my existing equipment?
  1. Can Anyone Lease?
    No, Leasing isn't for everyone. Leases written by Carpenter & Associates, Inc. are for business only, the customer looking for personal or household use is not eligible.
  2. Who is best suited for Leasing?
    Businesses, industrial and construction firms, medical organizations, governmental entities, nonprofit organizations, and associations of all sizes.
  3. Can a self employed person qualify for a Lease?
    Yes, professional people and small business owners may apply for lease credit.
  4. What Has Made Leasing So Popular In Today's Marketplace?
    Leasing has always been a practical way for businesses to acquire equipment. The new tax laws, which altered the previous cash advantages, now opens the door to even greater advantages.
  5. I Am New In Business And Would Like To Lease, Can I? Any business less than two years is considered "new" by the leasing industry. Carpenter & Associates, Inc. has responded to the vendors need for new-business lease financing with our Start-Up Program.
  6. How Long Does It Take To Get The Application Approved?
    Generally, 24-48 hours. Sometimes we will require additional information to complete a credit file, but with all information received, the application decision is usually made in 24-48 hours or less depending on each transaction.
  7. Can I get the Equity out of my existing equipment?
    You sure can. We can assist you with equipment refinancing (Sale Leaseback). The "Sale Leaseback" is one of the most effective ways for you to cash in on the equity that you hold in your equipment. Most business people have equipment in their business that is unencumbered meaning it's paid for and you have equity in it. Now, how do we get our equity out? It's very simple, Carpenter & Associates, Inc. has developed a network of funding sources and vendors over the past dozen or so years that will advance cash for the equity you have in your equipment. You could be sitting on $20,000, $50,000 or even a $100,000.00 right now with equipment in your business that is loaded with equity. If you need more information please visit our contact us page to get fast and effective information on all you leasing needs. You can also give us a call direct at (480) 219-3712.

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