Why lease from First Leasing Bank instead of a traditional bank loan?
When comparing a lease with loan, it is important to understand key terminology and points. Equipment leasing is probably the best overall choice for you. Rate Structure: Commercial banks prefer to loan long-term money on a floating or variable rate tied to LIBOR or some other indices. This places the rate risk on you instead of the bank. Lease rates are usually fixed—especially for shorter terms. Down Payment: Commercial banks typically require up to 30% down on any equipment financing. First Leasing Bank strives for 100% financing and uses security deposits sparingly.
