Financial Pacific Leasing

Financial Pacific Leasing Review

Financial Pacific leasing is a business financing offering by Financial Pacific Leasing, Inc, based in Federal Way, WA. Founded in 1975, Financial Pacific Leasing, Inc offers access to small business loans in 50 states (and Washington, DC).

What are Financial Pacific leasing’s rates?

Financial Pacific leasing offers a business financing product that ranges from 10% APR up to 30% APR.

Does Financial Pacific leasing charge an origination fee?

Yes, Financial Pacific leasing charges a loan origination fee.

What limitations does Financial Pacific leasing set on the purpose of the business loan?

Financial Pacific leasing considers business loan applications for business purposes, such as:

• Product or Service Expansion
• Working capital

What types of small business loans does Financial Pacific leasing 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. Financial Pacific leasing provides access to the following business loan types:

• Secured Term Business Loans

Does Financial Pacific leasing charge prepayment fees?

Yes, Financial Pacific leasing 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 Financial Pacific leasing?

Business loan amounts start at $5,000 and go up to $500,000.

What is the maximum business loan term you can get with Financial Pacific leasing?

Financial Pacific leasing offers small business loans with a maximum term of 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 Financial Pacific Leasing?

Financial Pacific Leasing does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

Financial Pacific Leasing 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 Financial Pacific Leasing. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Financial Pacific Leasing. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Proof of income
• Proof of identity