Financing Alternatives

First Continental Leasing offers a wide variety of financing alternatives from traditional to unconventional. Our strength — plus a majority of our relationships — are built around meeting our customers specific needs.

Security Agreement

• Traditional note financing with equal payments.
  Your company owns the equipment and takes depreciation. First Continental provides the funding and holds the lien on the equipment.

Lease Financing

• Tried-and-True Financing Alternative
  Eight out of ten companies acquire their equipment through lease financing. Capital equipment financed through leasing options accounts for over $190 billion and continues to grow at a steady pace.
  
• 100% Financing
  Lease finance options require no down payment. The term of the lease can be structured to match the useful life of the equipment.
  
• Flexibility
  There are a variety of alternatives and leasing products that can be designed to fit your specific needs. From meeting budgetary and cash flow constraints to structure and tax implications, lease products can go where a standard commercial loan cannot.
  
• Improves Cash Flow and Conserves Working Capital
  Studies show that cash retained in your business generates a return of 10%-12%.
  
• Conserves Existing Lines of Credit
  Lease financing allows you to keep your bank lines of credit free for other business needs. It can also allow you to acquire the equipment you need in your business now, without violating your existing loan covenants.
  
• Tax Considerations
  Leasing allows you to avoid alternative minimum tax and mid-quarter convention by allowing you to deduct 100 percent of the lease payments as a business expense.
  
• Off-Balance Sheet Financing
  Certain types of leases allow you to acquire the equipment you need in your business without capitalizing the asset on your balance sheet. This allows you to better manage your balance sheet and to improve your overall financial condition.
  
• Experience in Your Equipment Marketplaces
  A lessor's main focus is equipment leasing and financing. By understanding capital equipment marketplaces, we can better serve your equipment financing needs.
• Asset Management
  A lease allows you the use of equipment for a specific period of time at a fixed payment. Through proper lease structure, you can manage the risk of equipment ownership more efficiently.
  
• Upgrade to New Technology
  Leasing allows the lessee to pay only for their use of the equipment. You can keep the equipment throughout its useful life or upgrade to new technology, when needed.