Frequently Asked Questions about Equipment Leasing

How do I apply for a lease?
If your company is ready to make an equipment aquisition, you can simply fill out our one-page application. That's it! Iron Capital does not require you to submit financial statements or tax returns like traditional lenders do. Of course, higher amounts are also available but additional information may be required.

What are the rates?
Rates vary depending upon the cost of the equipment, credit and the type of equipment being leased, but they usually range between 9% and 13%. Typically, the higher the equipment cost, the lower the rate. Keep in mind also that the Lease payments may be fully tax deductible so the after-tax rate may be 6% or lower. Beware of any equipment leasing company that will quote you a "Rate" over the phone without processing a credit application. Rates are credit driven.

What equipment can be Leased?
Virtually anything that is not permanently attached to real estate can be Leased. Iron Capital will Lease new or used equipment. You pick the supplier and negotiate the final purchase price. New or used equipment must come from a dealer, not a private party. Private Party leasing is only available on some titled vehicles and heavy equipment. Iron Capital also has "off-lease" equipment available. Click Here 

Does Iron Capital offer any unusual Lease plans?
In addition to Leases up to 60 months with a 10% or $1 Purchase option, we offer flexible payments including: "No Payments for 90 Days," seasonal payments, lower payments the first year and many other plans too numerous to mention. We can provide a payment schedule to meet your needs. NEW - We now have a program for Heavy Equipment & Trucks - up to $250k with only an application! Click Here for More Info.

Do I have to know what equipment I want to apply for?
Not necessarily. If you would like to apply for a Lease before you do your equipment shopping, simply apply for a Leasing Line of Credit. Then when you have picked out your equipment the Leasing will already be set up. There is no charge to apply and you are not obligating yourself in any way whatsoever. The EZ Lease250 program however; requires you to supply us with the dealer's contact info and what equipment you have chosen.  You can change equipment, if needed or if the chosen equipment sells prior to funding. 

What if I have bad credit?
If you have been previously Bankrupt or if you have had minor credit problems in the past but have straightened them out, we might be able to approve a Lease for you. If you have had tax liens or judgments, but they have been paid, we will ignore them.

I'm interested, what now?
Click on the "APPLY NOW!" button and fill out our SECURE Online Credit Application. If you prefer, EMAIL us the word "APPLICATION" along with your contact info and fax number and we will fax or email a copy for you to complete and send back.