- What is the largest transaction you can fund?

- How does the approval process work?

- What types of companies can lease equipment?

- Why lease instead of borrowing the money?

- This is my first time leasing. is this a problem?

- What will a lease cost me up front?

- Is there a way I can cancel my lease?

- Can I add extra equipment to a lease I already have?

- How is sales tax handled?

- How does the process of leasing commercial equipment?

- Do I need extra insurance?

- Which lease is best for my company?

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What is the largest transaction you can fund?

We can finance transactions from $5,000 to $5 million.

How does the approval process work?

The approval process has been stream lined to be as simple and fast as possible. We limit the application to one page, or just a few questions by phone which do not include financial information. You can then finance up to:

$250,000 for hard asset equipment, or $150,000 for soft collateral equipment.

The time to process these applications is pretty quick and usually ranges from a few hours to 24 hours (not including weekends).

Once your application is approved, we then send you the prepared lease documents for your signature. After you sign the agreement, we will then issue a purchase order to the vendor for the equipment. Once you receive the equipment, Sun Funding Solutions, LLC. will then pay the vendor and your lease goes into effect.

Who can lease equipment from Sun Funding Solutions, LLC. ?

Any business, company, association, non-profit organization, or individual that intends to finance equipment for business or commercial use.

Why lease rather than just borrow the money?

A company can only have so much credit available to them. When you borrow money to buy equipment, you use up this credit which could be       used for other needs in the company. In addition to this, you can expense your payments if you structure your lease properly. Sun Funding Solutions, LLC. can help you with this process to make it most beneficial to your company.

I’ve never leased before. Is that a problem?

NO! Our professional consultants can help you through your application       and funding. We enjoy working with first time companies taking advantage of this process. We provide you with individual attention and help you         every step of the way.

What are the up-front costs for a lease?

You can typically expect about 2 months payments for your up-front costs. (First and last months payments) You may also be charged a nominal documentation and filing fee which covers processing the lease documents and filing the UCC-1 financing statements required in your state. Sun Funding Solutions, LLC. does not charge an application fee.

Can I cancel the lease?

You cannot cancel the lease once it is in place. However, you can pre-pay the lease or upgrade to larger or more cutting edge equipment.

Can I add equipment to an existing lease?

Yes. You can always add more equipment to your existing lease. Typically the new equipment must cost at least $5,000.

What about sales tax?

You will see sales tax added to your monthly statement added as a separate charge.

What is the typical process for commercial equipment leasing?

You can either fill out a form, or provide the information by phone.

What about insurance?

Insurance is required on the equipment for your protection. You can have your own insurance agent send a certificate of insurance to our office or, Sun Funding Solutions, LLC. can issue a certificate through the ELPA (Equipment Lessors Protection Association). This will be billed separately     as an annual premium.

How do I determine what type of lease is best for my company?

Sun Funding Solutions, LLC. professional consultants can help you select     the type of lease that fits your immediate needs.

Things we take into account include:

The anticipated useful life the equipment (e.g., How long will you need it? How likely is it to become obsolete?). Is your cash flow regular and consistent? Cost of various options which match your budget. Tax benefits to your company. Sun Funding Solutions, LLC. and help you with                 information about the benefits you can get with different lease structures, however, you should discuss these options with your accountant who understands your company best.

What options would you like to keep at the end of the term of your lease?

Your Sun Funding Solutions, LLC. representative can help you through all the different lease types and payment options until you are comfortable with a lease that fits your business and situation. We pride our selves on customer service and providing a good experience to our customers.