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Welcome to the Summit Equipment Ltd. finance page.
Loan Calculator & Contact Info
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Why Lease?
Get your equipment fast
We’ll typically review your application and have a decision on your lease within 48 hours.
Increased buying power
Leverage your buying power and free up cash with periodic payments rather than one upfront purchase.
Custom payment streams
Leasing is all about flexibility. Structure your payments to match your revenue so you’re paying when your equipment is making you money.
Potential tax benefits
In many instances, leasing provides a business with income tax benefits by allowing you to expense lease payments rather than depreciating the capital cost of equipment. Always consult your tax advisor to find out how leasing can benefit the tax position of your business.
Five-minute application
We’ll only need some basic personal, business and equipment information to get your application started.
Items
required for credit
- Completed and signed credit application
- Spec sheet describing the asset being acquired – it is preferred this comes from the party selling
the asset however not always required - A good understanding of the business and what services it performs along with top 3 clients
- What will the acquisition do for the business (IE. to help reduce expenses or service an
additional work program. We need to monetize the effect on the business therefore details are
important here) - Preferred term and structure along with available down payment