Frequently Asked Questions- FAQ

What is Cascades Financial Equipment Leasing?
Cascades Financial is an established equipment leasing company with a powerful online presence to enable our customers to obtain fast equipment lease approvals. We have designed our site specifically to optimize the leasing process and allow for real time lease applications and quick approvals.

What kind of equipment can I lease through Cascades?
The Cascades Equipment Leasing program allows you to lease any kind of equipment you would like.

Will I get a competitive leasing rate?
Yes. In fact, Cascades has consistently provided lower rates than our National competitors.

How accurate is the Cascades quick quote calculator?
The quote calculator arms you with a conservative estimate to help you to better specify your desired terms.

Am I guaranteed to have my lease funded if I submit an application?
Naturally, we cannot guarantee that every deal will be funded, but if your business and credit traits show it is likely you will be approved within our approval matrix, you are virtually guaranteed. Applying takes minutes using our online system, and you can be approved in less than 8 hours.

Do I have to give a personal guarantee for a company lease?
The younger your business, the more likely it is that a personal guarantee will be required. However, you should also understand that the benefit of a personal guarantee is that it lowers your lease rate.

Is there a maximum or a minimum lease amount?
The minimum lease amount Cascades will consider is $10,000.00

My Equipment supplier requires a deposit. What are my options?
In this scenario, there are a few possible options. First, you may pay the deposit and lease the balance, or lease the entire cost of the equipment including the deposit. Also, you will be able to request a deposit reimbursement upon your application. This means that we pay the equipment supplier in full, and the equipment supplier will return your deposit.

Must the equipment I am leasing be insured?
Generally, if the lease is over $10,000, you will need insurance. In most cases, your business insurance will cover equipment leases. If you do not have business insurance, you can simply request optional insurance coverage on your application.

Can I include services such as consulting and training in my lease?
Yes, these costs may be included.

Can I still lease equipment if I have already purchased it?
Yes. This what is known as a sale-leaseback. This option is typically available for equipment that has been purchased within the past 90 days.

Can I finance the remaining balance if I have placed a down payment on the equipment?
Yes, if you choose to make a down payment you can subtract that amount from the total owed on the equipment. For example, if you purchase $60,000 worth of equipment and make a $10,000 down payment, your lease would only finance $50,000. Remember, however, that you will not own the equipment until the lease ends.

Will Cascades lease to start-ups?
Yes. Cascades Financial is willing to finance companies that have been in business for less than two years. However, because you are considered a higher risk company, you should expect to pay a slightly higher rate. Additionally, in many cases you may be required to provide a personal guarantee.

Can I get a lease if my company is in the process of acquiring another company?
In most cases this indicates strength in your business. In many cases, expansions will add multiple locations and additional officers. If this is the case, you will need to specify on your application what equipment is going to what location and the individual locations will need to be approved.

Can I get a lease if I have had a bankruptcy?
Cascades Financial is willing to finance companies that have had a bankruptcy. But because your company will be viewed as a higher risk, you should expect to pay a slightly higher rate.

Technical Questions

I was away from my computer or was inactive for a period of time and when I then try to submit or view another page, I receive the message, "Session Expired."
For security reasons, your account is logged off after a period of inactivity that exceeds 30 minutes. Simply re-login and you should be able to pull up your details.

After logging in, I repeatedly receive the message, "Session Expired."
This can occur if your browser does not support cookies. Make sure you have your cookies enabled.

If you have other questions which have not been covered here, contact Cascades at: sales@cascadesfinancial.com