Get Your Office or Fleet Up-to-Date With Equipment Financing
Diamond Commercial Group offers a variety of equipment financing options. We make it possible for many types of businesses to equip their facilities with the latest technology while avoiding large up-front costs. We can structure a payment schedule that fits your business with small down payments or no down payments. Our equipment leasing programs preserve your existing lines of credit, and our rates are fixed for the life of the lease.
Equipment financing through Diamond Commercial Group allows you up to 84 months for repayment at the best rates possible. The programs include three lease categories:
- Applications up to $150,000 are approved and funded same day with no financial statements required.
- Middle markets up to $500,000 are approved within 24-48 hours.
- Large tickets over $500,000 are approved in 72 hours.
Our Equipment Finance Programs
Startup Business: Companies that have a new CDL can take advantage of our program designed for the challenges a new business faces.
$1 Buyout Leases: Allows companies to purchase the equipment for one dollar, $1.00, at the conclusion of the lease agreement. Businesses looking to keep the equipment at the end of the lease term may prefer the dollar buyout option. Choose the length of the equipment finance term, 24-60 months, and the payments are fixed and do not fluctuate during the lease. Payments are typically lower than a loan and usually no down payment required.
$101 Buyout Lease: Only available in California and Arizona and is similar to the $1 buyout lease. Businesses have the option to keep their equipment after lease-end for only $101.
Terminal Rental Adjustment Clause (TRAC): Lease is designed to finance qualified truck or trailer. It offers the lessee a stated residual value at the end of the term. At lease end, you can pay off the residual value and take ownership of the asset, obtain terms to re-lease the unit (if eligible), or simply return it.
Fair Market Value (FMV): Allows you to obtain the equipment needed to run businesses for a designated number of months. At the end of the lease term, you may purchase the equipment for its fair market value, or, depending on his credit status, continue to lease the asset or return it and upgrade to a new unit.
Equipment Finance Loans: Used to purchase business equipment that is secured by the asset itself. You repay the amount borrowed with interest over a specific period of time. The term of a loan can be anywhere from 36 to 60 months.
B, C, and D Credit Ratings: We offer financing to businesses that have suffered financial setbacks that damaged their credit. Our program is designed as a second chance for your company if you need equipment to begin the rebuilding process.
Government and Municipal: We are proud to guarantee financing for government and municipal agencies. Our rates are based on the municipality or government agency rating. Some of the government and municipal entities we have worked with include:
- Federal government agencies
- State agencies
- Military services
- Public schools and libraries
- Police departments
- Fire departments