Equipment Finance

Equipment leasing can be a very attractive option for business owners.  Not only is the lease expense fully tax deductible, often reduced downpayments, increased flexibility and faster decision making and closing.  “Equipment” can be fairly loosely defined and bundled into one lease, and upon the last payment, you own the assets.

Types of Leases We Offer

1. Application only to $250,000. No financial statements necessary.
2. Middle market financing up to $500,000
3. Large ticket over $500,000

Approvals for application only in about 24 hours. Middle market and large ticket usually take 3-5 days. Up to 84 months to repay with excellent rates. The larger lease programs are for companies established for two years or more, but there are programs available for startups and those with some past credit or business challenges.

Banks are typically not aggressively pursuing church loans that do not include the real estate.  We have a lender who enjoys supporting churches and has found churches to be very strong borrowers.  As a result, your church can quickly be approved for a loan to purchase the equipment you need at a low rate and terms up to 60 months. We can finance pews, air-conditioning and heating systems, organs, sound and video equipment, pianos, computers, or just about any type of equipment your church needs.

We offer 3 specific programs so that every church nationwide can qualify to get financing for any equipment their growing church needs. Below is a list and a brief description of each program and what a church would need to qualify for that specific program.

Established Church

• Church must be established for 7 years or more if part of a major denomination. It must be established for 15 years or more if non-denominational.
• Church must maintain a minimum average bank balance of $7,000 or more. Combined accounts will qualify, example: checking + savings.
• Church must be listed with directory assistance.

Newer Church Program

• Church must be established for 2-5 years or more.
• Church must maintain a minimum average bank balance of $2,500 or more. Combined accounts will qualify, example: checking + savings.
• Church must be listed with directory assistance.

Start-Up Church Program 

• Any church that has been established less than 2 years.
• Church must maintain a minimum average bank balance of $2,500 or more. Combined accounts will qualify example: checking + savings.
• Church must be listed with directory assistance.

• Financing Up to $250,000
• No Financial Statements or Tax Returns
• 24-48 hour approval and up to 60 month terms
• We can also approve and fund Startup Companies!
• First Funding Source is a specialist in funding all types of specialty trucks and construction equipment. We work directly with equipment dealers or end users. Our specialty is less than perfect credit or people who have been turned down by traditional sources, creditworthy business owners that don’t mind paying a small premium to reduce their downpayment and not have to endure the pain of getting a bank loan, or find the tax advantages of leasing to be appealing. We can approve and fund transactions in 24-48 hours or less. Normally, we do not require financial statements or tax returns on any transaction up to $250,000. We have a preferred rate program for better credits. Our one-page application couldn’t be more simple and straightforward.
• While larger transactions inevitably have some additional required documentation, they have many of these same favorable characteristics and ease compared to bank financing.
• If you have been turned down for credit from any other company, First Funding Source can help. Contact Us!