{"id":563,"date":"2011-06-09T10:51:40","date_gmt":"2011-06-09T10:51:40","guid":{"rendered":"http:\/\/clientdemo.deltadecisions.com\/alliance\/?page_id=563"},"modified":"2018-02-13T20:31:43","modified_gmt":"2018-02-13T20:31:43","slug":"faqs","status":"publish","type":"page","link":"https:\/\/alliancefinancing.com\/index.php\/leasing\/faqs","title":{"rendered":"FAQs"},"content":{"rendered":"<p><strong>Questions &amp; Answers About Leasing <\/strong><\/p>\n<blockquote><p><a href=\"#1\">Why Lease?<\/a><br \/>\n<a href=\"#2\">What types of assets can be leased?<\/a><br \/>\n<a href=\"#3\">Who can lease?<\/a><br \/>\n<a href=\"#4\">What are the rates?<\/a><br \/>\n<a href=\"#5\">Can a lease be cancelled?<\/a><br \/>\n<a href=\"#6\">Who is responsible for maintenance and insurance?<\/a><br \/>\n<a href=\"#7\">Is a down payment required?<\/a><br \/>\n<a href=\"#8\">Are personal guarantees required?<\/a><\/p><\/blockquote>\n<p><strong>Q: Why Lease?<\/strong><br \/>\n<strong>A:<\/strong> Leasing has become one of the most widely used methods of financing for equipment and machinery acquisitions by businesses. In fact, according to the United States Equipment Lessors Association (ELA), 80% of all businesses use leasing to acquire some or all of the machinery and equipment they use to run their business. Here are just some of the reasons why:<\/p>\n<ul>\n<li>Capital Preservation<\/li>\n<li>Credit Preservation<\/li>\n<li>Easier Budgeting<\/li>\n<li>Financial Efficiency<\/li>\n<li>Flexibility<\/li>\n<li>Tax Deferral<\/li>\n<\/ul>\n<p><a href=\"#top\">Top<\/a><\/p>\n<p><strong>Q: What types of assets can be leased?<\/strong><br \/>\n<strong>A:<\/strong> Alliance can provide financing for virtually all types of equipment, machinery and other capital assets. We can even arrange leases for computer software.<\/p>\n<p><a href=\"#top\">Top<\/a><\/p>\n<p><strong>Q: Who can lease?<\/strong><br \/>\n<strong>A:<\/strong> Alliance works with virtually any type of business entity, including:<\/p>\n<ul>\n<li>Established businesses of all types<\/li>\n<li>New businesses and Start-ups<\/li>\n<li>All Industrial and Manufacturing sectors<\/li>\n<li>Institutions and Non-Profit Organizations<\/li>\n<li>Universities and School Boards<\/li>\n<li>All levels of Government<\/li>\n<li>Hospitals, Medical and Dental practices and clinics<\/li>\n<li>Professionals and Consultants<\/li>\n<\/ul>\n<p><a href=\"#top\">Top<\/a><\/p>\n<p><strong>Q: What are the rates?<\/strong><br \/>\n<strong>A:<\/strong> Alliance continually strives to provide the most competitive\u00a0 lease rates available. Rates are dependent upon the customer&#8217;s credit profile,\u00a0 length of time in business and industry, as well as on the type of equipment,\u00a0size of transaction and term\/structure of the lease.<\/p>\n<p><a href=\"#top\">Top<\/a><\/p>\n<p><strong>Q:\u00a0Can a lease be cancelled?<\/strong><br \/>\n<strong>A:<\/strong> Generally speaking, no.\u00a0\u00a0 The lease is a legally binding contract. It can not be cancelled by the Lessor<br \/>\nor the customer. Most leases have provisions whereby the customer can trade-in\u00a0 the equipment, or can pre-pay the lease. Some of the leases arranged by Alliance\u00a0are structured so as to be open without penalty after a specific number of months\u00a0have elapsed.<\/p>\n<p><a href=\"#top\">Top<\/a><\/p>\n<p><strong>Q:<\/strong> Who is responsible for\u00a0maintenance and insurance?<br \/>\n<strong>A:<\/strong> The customer is responsible for maintaining and\u00a0 insuring the equipment.<\/p>\n<p><a href=\"#top\">Top<\/a><\/p>\n<p><strong>Q: Is a\u00a0 down payment required?<\/strong><br \/>\n<strong>A:<\/strong> Generally, for customers who\u00a0meet the minimum credit and length of time in business requirements, no down payment\u00a0is needed. On execution of the lease, an amount equal to first and last month&#8217;s\u00a0lease payment is all that is required.<\/p>\n<p><a href=\"#top\">Top<\/a><\/p>\n<p><strong>Q:\u00a0Are personal guarantees required?<\/strong><br \/>\n<strong>A:<\/strong> Provided that the\u00a0business meets certain minimum credit requirements, no personal guarantees are<br \/>\nrequired. In some instances another related business can act as a guarantor for\u00a0 a lease, rather than having owners or partners act as a guarantor.<\/p>\n<p><a href=\"https:\/\/www.alliancefinancing.com\/index.php\/leasing\/online-quotations\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-327\" title=\"getquote\" src=\"https:\/\/www.alliancefinancing.com\/wp-content\/uploads\/2011\/05\/getquote.gif\" alt=\"Get A Quote\" width=\"135\" height=\"30\" border=\"0\" \/><\/a><a href=\"https:\/\/www.alliancefinancing.com\/index.php\/leasing\/apply-online\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-326\" title=\"applynow\" src=\"https:\/\/www.alliancefinancing.com\/wp-content\/uploads\/2011\/05\/applynow.gif\" alt=\"Apply Now\" width=\"135\" height=\"30\" border=\"0\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Questions &amp; Answers About Leasing Why Lease? What types of assets can be leased? Who can lease? What are the rates? Can a lease be cancelled? Who is responsible for maintenance and insurance? Is a down payment required? Are personal guarantees required? Q: Why Lease? A: Leasing has become one of the most widely used [&hellip;]<\/p>\n","protected":false},"author":999,"featured_media":0,"parent":553,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-563","page","type-page","status-publish","hentry","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/alliancefinancing.com\/index.php\/wp-json\/wp\/v2\/pages\/563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alliancefinancing.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/alliancefinancing.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/alliancefinancing.com\/index.php\/wp-json\/wp\/v2\/users\/999"}],"replies":[{"embeddable":true,"href":"https:\/\/alliancefinancing.com\/index.php\/wp-json\/wp\/v2\/comments?post=563"}],"version-history":[{"count":5,"href":"https:\/\/alliancefinancing.com\/index.php\/wp-json\/wp\/v2\/pages\/563\/revisions"}],"predecessor-version":[{"id":1126,"href":"https:\/\/alliancefinancing.com\/index.php\/wp-json\/wp\/v2\/pages\/563\/revisions\/1126"}],"up":[{"embeddable":true,"href":"https:\/\/alliancefinancing.com\/index.php\/wp-json\/wp\/v2\/pages\/553"}],"wp:attachment":[{"href":"https:\/\/alliancefinancing.com\/index.php\/wp-json\/wp\/v2\/media?parent=563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}