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Leasing
equipment is easy and flexible.
Summit offers numerous programs and purchase
options to choose from. Our dedicated account
executives will help structure a lease program
that will best meet your company's financial
goals.
Start Up
Business: Summit will lease to start-up companies
(rates will be higher than for an established
business).
Fast App: Credit approvals within 4 hours
(up to $50,000 on application only).
100% Software Only Leases
Deferred Payment Leases: Only small token
payments for initial 6 months.
Fair Market Value (FMV): Our Fair Market Value is a
good option for our customers who expect the
value of their equipment to decrease quickly, or
will want to upgrade their equipment at the end
of their lease.
$1.00 Buyout: This lease is for our
customers who know that their equipment won't
lose its value and want to keep it at the end of
the lease.
Fixed Purchase Option: This lease is for those
who like the open flexibility of a FMV lease, but
want to cap their equipment buyout at a certain
percent of the equipment value - 10% is a common
buyout option.
Seasonal Payments: Many industries are
seasonally sensitive, and sometimes generate more
income during certain times of the year (such as
holidays, summer) as opposed to other times. A
payment schedule can be arranged which allows
your payments to rise and fall to match your cash
flows.
90 Days Deferred Payment: New equipment often times
has a learning curve associated with it. This
payment schedule allows you to defer payments
while you are being trained on the equipment and
increasing your revenues.
Step Down Payments: These payments start out
higher and decrease over time, which in turn
reduces your total out of pocket expenses.
Because you are paying more up front, this is a
good structure for businesses expecting to
upgrade their equipment during the lease term.
Step Up Payments: On the other hand, this
schedule allows your payments to increase over
time while earnings from your new equipment
increase.
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