Equipment Finance Agreement
An EFA is a loan to purchase equipment as in a sales contract. It is the same as an installment loan. The loan can be paid off at any time with no prepayment penalty. See our programs list for additional leasing and financing options.
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Capital Lease ($1.00 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. First City Capital can assist you in selling the equipment at the expiration date of your lease.
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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.
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Step-up / Step-down Payments
This can be structured so that lease 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 lease, or payments can start high and then decrease, minimizing finance charges.
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Equipment Refinancing
This program is designed to help our clients recoup their equity investments that may have been previously financed elsewhere or in cases where the equipment was purchased with cash.
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Seasonal Payment
This lease 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.
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Leading the Country in Equipment Leasing
First City Capital
8001 Irvine Center Dr, 4th floor
Irvine, CA 92618
(800) 603-8314
sales@firstcitycapital.com
www.firstcitycapital.com
