Frequently asked Questions | VIP Payment Solutions
1. What is the maximum and minimum amount that I can lease?

We specialize in financing equipment for businesses valued between $5,000 and $200,000.

  • top page
  • 2. What kind of equipment lease terms do you offer?

    VIP Equipment Leasing provides commercial leasing terms to best fit the needs of your business. We offer two, three, four, and five-year lease terms on most transactions as well as many different types of equipment lease programs financing from $5,000 to $200,000. VIP Equipment Leasing offers a range of equipment leasing programs and will work with you to choose a program best suited to your cash flow needs.

  • top page
  • 3. What kind of equipment do you finance?

    VIP Equipment Leasing offers virtually any kind of business equipment, including spa equipment, restaurant supplies, office equipment, computers, medical and dental equipment, etc.

  • top page
  • 4. What is the turn around time to receive the monies for purchasing the equipment?

    We understand that your time is valuable so our expert funding team will work quickly and efficiently to find you the best deal possible. After we have received the signed lease documents, it typically takes three to five business days for equipment financing to become available.

  • top page
  • 5. Can I work with multiple vendors and still group them into one lease account?

    Yes. We want you to receive the best equipment at the best value, which often requires working with more than one vendor.   We can work with multiple equipment vendors to best suit your business needs.

  • top page
  • 6. How much will my monthly payment be?

    Our equipment leases are always a better value than normal credit card lines. Since payments will vary depending upon your credit rating and type of equipment lease, please contact a VIP Equipment Lease Manager today to get a competitive quote.

  • top page
  • 7. Is there a pre-payment penalty?

    No, we do not charge a pre-payment penalty on any of our equipment leases. You can pay off your equipment lease at any time without penalties. Please contact a VIP Equipment Leasing Manager to discuss equipment lease payoffs.

  • top page
  • 8. Why lease vs. using business loans or credit card financing?

    Equipment leasing offers important advantages, such as added credit availability, more working capital, improved cash flow and tax deductions.  By utilizing a lease for your equipment purchases, you are able to preserve your access to cash for non-leaseable expenditures and unforseen emergencies.

  • top page
  • 9. What is your current rate?

    Our rates vary depending on many factors such as the equipment you choose, your personal credit rating, how long you have been in business, etc.  Contact a VIP Equipment Lease Manager to find out the rate you would receive on a particular equipment lease.

  • top page
  • 10. Are there tax benefits to equipment leasing?

    The tax benefits you may receive for equipment leasing are essential to your business’ cash flow. A VIP Equipment Lease Manager will coordinate the details with your equipment vendor to make sure your lease financing is completed accurately and efficiently. We do recommend that you discuss any available tax savings with your tax professional.

  • top page
  • 11. Can I submit my merchant application via e-mail instead of fax?

        Yes, we will accept your application and any additional materials by e-mail if you attach the files in pdf format.  Please scan and save your documents separately and e-mail them to sales@vipccs.com.

  • top page