Indian RECsRenewable Global Energy understands the needs of small to mid-sized businesses. That's why many types of equipment leases are offered to help business owners manage their cash flow and equipment and technology needs. Equipment financing solutions are flexible and developed based on the specific goals of your business. Learn the types of equipment leases that are provided.
Common Forms of Equipment Leasing
Fair Market Value Lease
A fair market value lease may also be referred to as a true lease. This type of lease provides several flexible options at the conclusion of the lease agreement. Typically the lessee will have the option to return the equipment to the lessor, renew the terms, or can purchase the equipment for the fair market value. Many customers that purchase equipment which tend to rapidly decrease in value select this equipment lease structure.
Application-Only limits - Up to $75,000 (One-page Application & Quick Turnaround) Full financials - $75,000 or more Term lengths of 24 to 72 months 100% financing available
Dollar Buyout Lease
A dollar buyout lease may also be referred to as a capital lease. This type of lease guarantees the option to purchase the equipment for the amount of one dollar ($1) at the conclusion of the lease agreement. Customers that plan to keep the equipment at the end of the lease term typically select the dollar buyout option. Application-Only limits - Up to $75,000 (One-page Application & Quick Turnaround)
Full financials - $75,000 or more Term lengths of 24 to 72 months 100% financing available
Wrap lease
Consolidated payments are available to those that apply for more than one lease through this website. Wrap lease enables you to close out your current lease and roll it into a new lease along with the financing of the new collateral. Application-Only limits - Up to $75,000 (one-page Application & Quick Turnaround)
Full financials - $75,000 or more
Term lengths of 24 to 72 months
Business Expansion
For businesses opening a new location as an expansion, equipment financing on an application-only basis up to $35,000 for this new location is available. The new location must be in the same line of business as the existing one and be in close proximity to the current location. The existing location must be operating under current ownership for a minimum of five years and the total financing amount required must be provided in order to open the new location. Financing above $35,000 is available upon submission of a full financial package (all terms are subject to final credit approval.) Certain industries may not qualify for the business expansion program.
Refinance Program
In addition to our customized leasing solutions, a top-rated refinance program is available. The minimum request is $10,000 and verification of satisfactory pay history on subject equipment being refinanced. This program applies to hard collateral only. No software, leaseholds, soft costs, or obsolete collateral will be considered (all terms are subject to final credit approval). Application-Only limits - $10,000 to $75,000 (One-page Application & Quick Turnaround) Full financials - $75,000 or more Term lengths of 24 to 60 months
New Business Program
Financing to businesses operating for less than two years is available, under the new business program. Businesses operating less than one year, can qualify for equipment financing up to $15,000. Businesses operating between 12 months and 23 months can qualify for financing up to $20,000. Personal information and guarantees are required from all owners and standard credit requirements must be met. Standard documentation is required as is mandatory Direct Debit/ACH payments (all terms are subject to final credit approval.) Application-Only limits - $5,000 to $20,000 (One-page Application & Quick Turnaround) Term lengths of 24 to 60 months Automated Clearing House (ACH)/Debit
Sale Lease Back
If you have recently paid cash for some new equipment, you can get cash for the equipment and convert your purchase into a lease. This is called a sale lease back. If you have paid for the equipment within the last ninety days, you may be able to recoup your investment in the equipment and allow you to make low monthly payments. Certain credit guidelines must be met and certain documentation such as invoices and proof of payment must be provided as well. Application-Only limits - $5,000 to $75,000 (One-page Application & Quick Turnaround) Full financials - $75,000 or more Term lengths of 24 to 60 months
Working Capital
Working capital business loans up to $25,000 are also available. The amount is available when a Working Capital line is established in conjunction with a new lease. The working capital must be essential to the utilization of the equipment that is being leased. Stand-alone working capital loans are available in amounts up to $20,000. Personal guarantees are required and standard credit guidelines must be met. Businesses established for three to five years can qualify for a working capital loan of up to $15,000, and businesses established at least five years can qualify for up to $20,000 of stand-alone working capital financing (all terms are subject to final credit approval.) Application-Only limits - $5,000 to $25,000 (w/financing) (One-page Application & Quick Turnaround) Application-Only limits - $5,000 to $20,000 (stand-alone) (One-page Application & Quick Turnaround) Maximum term of 36 months
Now that you've learned about the various types of equipment leases that are available, it's time to get started. Submit your online lease application now to begin
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*Please Note: Renewable Global Energy/MBE Services Inc does not guarantee that Lease Applications made through this website will be approved. All applications are screened and only those who qualify may be approved. By applying for a Lease through this website, you understand and agree that Renewable Global Energy and/or MBE Services Inc reserves the right to assign the Lease to a third-party reputable Leasing Company and also has the right to share the information that you provide in the Lease Application to such Third-Parties.