Deciding on which vendor to use, is entirely up to you but we've outlined the benefits for both, to help you make a better decision. As a small disclaimer, note that both institutions offer fixed interest rate leases or financing, which means you pay the full amount regardless of early payoff. This is great for taxes but if you're looking to save some money on interest by paying off the loan early, you might be better off looking at a traditional guaranteed loan through your bank (this recommendation is mainly directed at applicants with a higher credit rating).
In any case, using a lease to finance equipment has tax benefits you can apply for your business and it helps keep your cash flow going by not saving up or spending money for expensive equipment at one time. Both Quickspark and Paramount offer bundle purchases with their financing. This means you can get more than one piece of equipment as long as you are approved for an amount that will cover the total cost. Mix and match any of the equipment you would like to purchase and in most cases, you can also finance material as long as the bulk lease is for a piece of equipment. If you're a new business, this is a great way to get started.
PLEASE NOTE: When manually filling out an application, be sure to pad the financial request amount for shipping and incidentals. If you have any questions or want exact financing figures before applying, don't hesitate to call or email us.
(All financing is subject to credit approval.)
Quickspark Financial offers hard-to-get financing for lower credit applicants at the expense of a slightly higher interest rate. If you don't have any established credit or if you have bad credit, Quickspark is a great solution to check out first.
Quickspark Financial Rep:
Paramount Financial offers competitive interest rates for higher credit applicants. If you're looking to finance $4,000 or more and have a credit score of 700 or higher, start out with Paramount.
Paramount Financial Rep:
(877) 948-6200 ext 100