How come some equipment financing companies request additional payments or security deposits, and charge such high documentation fees?
A. PEC USA, Inc. attempts to provide your equipment financing with no money down, no security deposits and limited documentation fees. Sometime because of compromised credit, older or “softer” collateral or in start up business situations down payments, advance payments, and higher documentation fees may be applicable. Additional advance payments, security deposits and fees increase your rate, and reduce your return on investment we only charge them when we have to, based on the aforementioned criteria. Please contact us with your company’s specific needs and we will give you our most accurate quote.
