SuperMoney
  eLease Equipment Financing

eLease Equipment Financing

in Business Loans from eLease

Unaffiliated

eLease Equipment Financing

Unaffiliated

in Business Loans from eLease

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend eLease Equipment Financing to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Loan Amount $1,000 - $500,000
APR 4% - 35%
Loan Term (Months) 24 - 60 months

eLease Equipment Financing Review

eLease is a business financing offering by eLease, based in St. Petersburg, FL. Founded in 1995, eLease offers access to small business loans in 50 states (and Washington, DC).

eLease FAQ

What are eLease’s rates?

eLease offers a business financing product that ranges from 4% APR up to 35% APR.

Does eLease charge an origination fee?

Yes, eLease charges a loan origination fee.

What limitations does eLease set on the purpose of the business loan?

eLease considers business loan applications for business purposes, such as:

  • Equipment Purchase

What types of small business loans does eLease offer?

Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. eLease provides access to the following business loan types:

  • Secured Term Business Loans

Does eLease charge prepayment fees?

Yes, eLease charges additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.

How much can you borrow from eLease?

Business loan amounts start at $1,000 and go up to $500,000.

What is the maximum business loan term you can get with eLease?

eLease offers small business loans with terms ranging from 24 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for eLease Equipment Financing?

eLease Equipment Financing requires companies to be in business for at least 1 month Businesses don't have to meet a minimum annual revenue to be considered.

eLease Equipment Financing does not require or does not disclose a credit score minimum.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via eLease Equipment Financing. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by eLease Equipment Financing. Permanent resident / green card holders are also eligible to apply.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

About eLease Equipment Financing

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Months in Business 1
Loan Amount $1,000 - $500,000
APR 4% - 35%
Loan Term 24 - 60 months

Be the first to rate

 

Would you recommend eLease Equipment Financing to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Business Loans