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Frequently Asked Questions (FAQs)

Anchor and United Leasing & Finance have partnered together to provide you with the most comprehensive finance programs tailored to meet the needs and seasonality of your business. Have questions? You’ve come to the right place! We’ve gathered some of the most frequently asked questions from our customers and answered them here for you.

A signed and completed credit application. We can typically issue approvals from $15,000 up to $150,000 based on the initial application alone.

Anchor typically offers a 0% special financing program through its preferred lending partner, United Leasing & Finance. This financing program considers the seasonality of your business and can allow you to make payments based on your cash flow. Terms offered are typically 18 or 30 months with the option to set up seasonal payments to help match your cash flow. Example: If you choose to finance for an 18-month term with the seasonality option you will make 6 months of payments followed by 6 months of no payments followed by making payments for the remaining 6 months. Ask your Anchor representative to learn more.

Yes, United Leasing & Finance offers leasing and financing agreements with longer terms ranging from 36 to 60 months.

We offer a 0% interest rate for Anchor customers.

By partnering with United to finance your Anchor purchase, we help you build and maintain your business credit. Additionally, financing helps your business preserve cash and credit lines, so in case of an emergency, you have capital on hand for when your business really needs it.

United Leasing & Finance will finance your Anchor tents, clear spans, and other business essential equipment. We can finance your vehicles, tent washers, Tent OXs, mobile restroom trailers, box trucks, portable air conditioning units, and portable generators, to list a few.

The length of time in business, personal guarantees, and business and credit bureau ratings are all used in determining creditworthiness. In order to offer the best products and services to our customers, we utilize third-party databases to acquire sufficient credit information during the application process.

The credit application lists all the items you need to provide including the following: information about the vendor or equipment supplier, business information including legal business name, Federal Tax ID (EIN), annual income, business type, address, a contact name for the person executing the lease, guarantor information, estimated equipment cost, equipment description, and equipment location.

The first and last month’s payments are typically required upon delivery of your equipment, plus documentation fee(s) at signing.

With most transactions of $150,000 or less, the approval process takes around 1 – 2 business days. We will then issue the final documentation. In most cases, the funding only takes a few days. The process can take longer depending on the availability of equipment.

Payments on your finance contract begin once you have taken delivery of the equipment you purchased.

  • Lease Agreement: When you lease equipment for your business, you are paying to use the equipment for a specified period, after which you can either return the equipment or choose to purchase the equipment depending on the buyout option stated in the contract. We offer a $1 buyout option or a residual at the end of the contract based on a percentage of the purchase price. (typically 5% or 10%)
  • Finance Agreement: Much like when you take a loan out for a car, when you finance your business equipment, you own the equipment once your contract is paid off.

If you opt for the seasonality payment option where you have 6 months of no payments, you can make payments during this time if you choose to do so.

Yes, we do. As an Anchor preferred lender, we offer financing for Anchor as well as Economy Tent.

If you financed your Anchor equipment with the 0% finance program, there is no benefit to paying your loan off early. You will simply pay the sum of your remaining payments, plus the residual. The residual is either 5% or 10% of the initial purchase price of the equipment financed.

Kevin-Boeke_V1

Kevin Boeke

Corporate Account Executive

812-485-3592

kevin.boeke@unitedevv.com

* Subject to credit approval. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend. Not all applications will qualify for all loan products offered. All loan programs, terms and interest rates are subject to change without notice. All fees are subject to state and federal high cost thresholds. 90 day term begins at date of origination. Originations approved in February will have first payment due in May. Other restrictions and limitations may apply.