1. Can JEF lease to new businesses ?

Any business in existence less than 2 years is considered a new business. We can offer leasing to new businesses up to $50,000 for most equipment and vehicles and up to $100,000 for construction equipment and construction vehicles. Of course since the business has no credit history, our decision is based on the personal credit of the owner(s) or guarantors.
 

2. How do I apply for a lease ? 

You can apply for up to $75,000 by simply filling out an one-page application. That's it! JEF does not require you to submit financial statements or tax returns like traditional lenders do. If the equipment or vehicle you are getting is construction related, we can go up to $250,000 with the same application.
 

3. What are the rates?

Rates vary depending on the amount of equipment Leased and the credit of the applicant  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. The important thing to remember is that JEF will match the rate to the risk which allows us to deliver approvals on higher risk leases.
 

4. What equipment can be Leased?

Virtually anything that is not permanently attached to real estate can be Leased. JEF will Lease new or used equipment. You pick the supplier and negotiate the final purchase price. JEF does not sell equipment. You can purchase the equipment or vehicle from a dealer or a private party.
 

5. What is USCCLG's specialty?

As we have discussed, JEF has provided leases for hundreds of different industries but we are particularly proud of our construction vehicle and equipment program because it gives you the most money with the least information requirements. With a simple application, we can go up to $250,000 and even $100,000 for new businesses. Here is a list of equipment and vehicles that qualify for that program: click here

LIMOUSINES:  

We also lease quite a few limousines and limo buses.  Most new limo companies have trouble getting financing or leasing for their first vehicle. That's where we can help. We can even help find a good, clean used limo through the many dealers we have worked with in the past.

 

6. 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. However, if you are applying for a construction vehicle or equipment lease, the value of the equipment plays an important part of the decision so it is best to know what equipment or vehicle you want before you apply.
 

7. What if I have bad credit?

Credit is not an exact science and people cannot be judged solely on a credit score. That's where JEF's experience is important to you. If you had a bankruptcy more than 5 years ago and have re established credit, that's fine. If you had tax liens but they were paid, that's good. If your credit score is under 600 you should consider getting a co signor. It's hard to give an answer that covers all situations. We have to know the complete situation to give you an answer and the only way to do that is for you to submit an application.

8. I'm interested, what now?

Select the Lease Application button down below or just press the Submit Application Online button.  Or just call us today, and we can help you over the phone.

 

 

 

Submit Your Application Today.  Let Us Help You Get Approved !