Financing FAQs

Typically within 24-48 hours of receiving a complete credit package. Some requests over $50,000 may require additional documentation and take longer to provide a credit decision.

The length of time in business, references from banks and trades, PayNet, and credit bureau ratings.

Yes, personal guarantees are required.

90 days from approval date.

Yes, many of our leases and loans include multiple vendors. We can finance nearly any type of equipment. Though we specialize in several industries, we can also act as a general equipment finance company.

Our leases and loans range from $20,000 to $10,000,000.

Our rates are fixed. The monthly payment you are quoted is the amount you will pay.

We offer repayment terms from 12 to 84 months, depending on collateral and credit worthiness.

We reserve the right to require the first and/or last payment, depending on credit worthiness.

United Leasing & Finance currently offers financing to the U.S. and Canada.

The lease or loan begins when you receive and accept the equipment and authorize us to release payment to one or more of your vendors.

The lessor is the owner of leased equipment until the lessee chooses to purchase the equipment at the end of the lease term. In the case of an Equipment Finance Agreement (EFA), the borrower automatically becomes the owner at the end of the term.

Our leases and loans are flexible and can be tailored to your business needs and cycles. Most customers opt for an Equipment Finance Agreement (EFA), which results in the borrower owning the equipment at the end of the term. Terms typically range from one to seven years. The payment schedule can be fixed or timed to fit your needs. The most common is equal monthly payments, but other options are available including seasonal payments and balloon payments.

To check your current balance and remaining payments, please contact us. We generally respond to your request within one business day.

Lease and loan payments can be made online, by check, Western Union, or wire transfer. Click here to make an online payment or set up ACH.

For questions regarding payments or to update account information, please contact us. We generally respond to your request within one business day.