FAQs

Q: What rates do we offer?

A: The interest rate of your transactions is going to depend on the size of the transaction, quality of credit, type of collateral and the term/structure of the transaction.

Q: What is the average term of a lease?

A: Terms range from 24 months to 60 months. We can extend to 84 months on certain equipment and credits. (dispensers, car wash...)

Q: Does all equipment have to come from the same vendor?

A: No, you may get equipment from multiple vendors.

Q: Is my lease transferable?

A: Yes, as long as the new lessee's credit qualifies and their application is approved.

Q: How long does the entire leasing process take?

A: 24-72 hours for most transactions.

Q: What is your average transactions size?

A: The average transaction we fund is $85K.
A: We will fund deals from $10K–$2M+.

Q: Do you finance both Jobbers and Dealers?

A: Yes we finance both
A: 70% of our leases or loans are with jobbers and 30% are with dealers.

Q: What do you take for collateral?

A: The only thing we take as collateral for our loans/leases is the equipment we finance and generally the signature of the owner of the business.

Q: Who files the UCC on the equipment?

A: Patriot Capital properly files the UCC on the equipment.