FAQs for Business Leasing with Mechanical Capital Solutions
Can Mechanical Capital Solutions do a Sale Leaseback on Non-Titled Equipment?
No, the equipment must be titled, owned outright, and be 10 years old or newer to qualify for our sale leaseback program.
What is Your Age Restriction on Equipment Being Financed?
We prefer to finance equipment that is 20 years old or newer.
Do You Have a Working Capital Program?
Our sale leaseback program serves as a vehicle-backed working capital solution.
Do You Have a Time-in-Business Requirement? Will You Approve Start-Up Businesses for Financing?
We do not have a specific time-in-business requirement. However, since we are a revenue-based lender, start-ups may find it challenging to meet our revenue requirements.
What Type of Equipment Does Mechanical Capital Solutions Accept as Additional Collateral to Strengthen a Deal?
We accept titled vehicles and trailers that are owned outright as additional collateral. These can be either business or personal assets.
Does Mechanical Capital Solutions Report to Credit Bureaus?
We report business credit to PayNet, but we do not currently report to personal credit bureaus.
Does Mechanical Capital Solutions Have a Minimum Credit Score Requirement?
No, we focus on business revenues rather than credit scores to determine the strength of a deal.
Does Mechanical Capital Solutions Offer Dollar Buyouts or EFAs?
No, all our leases are true lease-to-own agreements with a 10% buyout, or a 15% buyout in California and New York.
Does Mechanical Capital Solutions Offer Refinancing?
Not typically. As we specialize in challenged credit lending with rates that reflect the high risk, refinancing with us is generally not beneficial to customers.
What is the Maximum Exposure Allowed Per Customer?
The maximum exposure per customer across all programs is $150,000.