Commercial Financial offers a wide variety of financing programs. We Strive to match each customer with the type of financing that is best suited for their needs. Below are a brief description of the types of financing available at Commercial Financial. 

Working Capital Loans

This type of loan allows the customer to borrow against existing owned equipment. Possible uses may include some of the following examples. Slow personal or Business credit. To pay tax liens or additional capital for Business expansion.

Equipment Refinancing

Seasonal Payment

This type of financing is designed for those businesses with seasonal cash flows. For example, we can design a lease where the payments might be lower during the summer months and higher during the rest of the year, or vice versa.

Step-up / Step-down Payments

This can be structured so that monthly payments can be set up to match a company's cash flow needs. Payments can start low and then increase during the later years of the contract, or payments can start high and then decrease, minimizing finance charges.

Municipal Lease

This program is available to all city and state agencies such as public school districts, municipal hospitals, police and fire departments. Due to the tax exempt status of the lessee, rates are lower than standard commercial rates.

Deferred Payment

This program is attractive to companies in which the equipment will be used for a project that won't generate revenue for a short period of time, possibly three to six months. The financing is structured so that the initial months have nominal or no payments.

Lease Purchase ($1 BuyOut)  This plan allows you to buy the equipment at the end of the lease for the nominal amount of $1. For companies that intend to keep the equipment at the end of the lease, this is the best option. In essence, you are building "equity" in the equipment, so you can also sell the equipment at the end of the lease or trade it in for the latest technology. Commercial Financial can assist you in selling the equipment at the expiration date of your lease. (This lease is also known as a Capital Lease.)

NEW BUSINESS (Start – up ) PROGRAM

Commercial Financial offers a lease in which we provide up to 100% financing for new business owners. This program is based on a review of the owner’s consumer current credit report as to the following:   Ø     Timely Payment Performance Ø     Ratio Of Revolving Debt To Income Ø     Availability Of Revolving Debt Ø     Home And Or Land Ownership Ø     Public Record Items Ø     Bureau Scores   Direct experience in the business that you are starting up is also considered. The availability of continued outside income from the applicant or their spouse is helpful in obtaining an approval.

Operating Lease (Fair Market Value BuyOut) 

This structure provides you with the option to purchase the equipment at the end of the lease for its then current Fair Market Value, continue leasing the equipment based on its then current Fair Market Value, or return the equipment. 

EFA (Equipment Finance Agreement)

This product is similar to a loan. It is typically used when a down payment may have been given or if some or all of the equipment have already been paid for. Other uses involve Equipment that may be considered hazardous or that may subject us to excessive liability. The Borrower is able to Capitalize and Depreciate the asset over its useful life as formulated by the IRS Depreciation Schedules. At the end of the contract the customer owns the equipment.