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Why Lease? The Equipment Leasing market consists of 3 major segments:
This site is oriented toward the Small Ticket and the lower end of the Middle Market (up to about $3MM). Let's talk about Small Ticket first since one of the excellent features of this website is that you can apply online and often be approved same day. You can use our online calculator to calculate the monthly investment in your leased equipment. Once you have selected a payment that fits your budget or cash flow projection, you can fill out the application which will be transmitted from this site to our credit scoring system. This system will render a decision on your lease application in a matter of minutes (during normal business hours, 9:00 am to 5:30 pm, EST). Our customer service department will notify you immediately by phone, fax, or e-mail once your application has been completed. What does all of this mean to you, our Valued Customer? It means that Mount Pleasant Capital Group is an independent company that is focused on the needs of its Customers. We have made a major investment in state of the art technology that allows us to provide excellent service to our Customers while creating a "fixed cost" operational environment for our lease processing operation. Unlike most of our competitors, who use antiquated manual underwriting methods, we keep our overhead low and use the speed and power of technology to provide our Customers and Vendors with superior service at very competitive leasing rates. What To Expect Once You're Approved Once your lease has been approved our documentation staff will forward your lease documentation to you. In the case of a Small Ticket lease this is generally a simple one page lease document and some ancillary documents for verifying insurance, ownership (if a corporation), etc. Each documentation package is accompanied by a letter with easy instructions on completing and signing the documentation. Once these documents are executed and returned to Mount Pleasant Capital with your initial payment, we will issue a Purchase Order to your Vendor. The Vendor delivers your equipment and our staff verifies delivery and the terms of the lease with you. Once this is completed we pay the Vendor in full and you will begin receiving an invoice for your lease payment the following month. It really is that simple. Many times the steps in the documentation, delivery and funding process are literally happening simultaneously. The whole process, from application to funding, can take as little as 72 hours. With the advent of electronic documentation, digital signatures, and electronic payment, our goal is to shorten this process to 24 hours in the near future.
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