Does Mesa Leasing offer Equipment Finance Agreements (EFA)?
Yes! As an alternative solution to your applicant’s need, we may suggest an EFA. The EFA is used when other liens on currently owned equipment need to be paid off to give us first position on it as collateral. It also works where the applicant needs to free up working capital from equipment equity. And, finally, the EFA structure avoids the more cumbersome process of a “sale-leaseback” transaction. Also note that when working capital is the ultimate goal, we require information as to the intended use of the proceeds.
