Lease Programs
Master
The Master Lease is a pre-approved lease line of credit that allows a lessee to obtain additional leased equipment under the same basic lease terms and conditions originally agreed to. Each new piece of equipment is listed on a separate schedule, and the specific lease rate for that schedule is based on the prevailing rate.
App Only (Express)
The Application Only Program does not require financial disclosure. Approvals are granted from $5,000 to $150,000, and usually within a 24 hour period.
Full Package (Commercial)
The Commercial Program requires a full financial credit package and typically provides for lower finance rates.
100% Software
The Software Only Program allows for 100% Software Financing, including service, installation, and training. Finance limits are from $5,000 to $5,000,000. Application Only limits to $100,000.
Seasonal & Step Programs
There are a several customized payment structures available (i.e. step, skip, seasonal, etc). One example is the No Pay For 90 Days Program which allows the Lessee to forego the first 3 scheduled finance payments.
Municipal
A conditional sales contract available only to municipalities or other governmental entities, the interest on which are tax exempt to the lessor and based on relevant bond ratings. SeaCliff Capital’s Municipal Product is a straightforward agreement for amounts up to $1,000,000+. In most cases there is no need for UCC filings, legal “opinion letters,” or financial statements on leases less than $100,000. This program would cover:
- Police and Fire Department
- Municipal Golf Courses
- Departments of Transportation Water and Electric Boards
- Port, Housing & Transit Authorities
- Colleges & Universities
- Libraries & Museums
- Court Systems, Correctional Facilities
- Most other public institutions