FAQ's from Brahma Lending and Leasing

What’s the difference between loans and leases?

Difference between Leases and LoansAt Brahma Lending and leasing we offer both loan and lease products. Loan products look just like any traditional equipment loan or line of credit, with competitive rates and terms.

We also do a lot of lease products. The reason for this is because of very attractive tax benefits of a lease. As far as the day to day use of the equipment, a lease works just like a loan. You make a monthly lease payment that is just like making a loan payment. The primary difference is that before the lease being fully paid, the bank would own the equipment. Once the lease is paid in full, you get title to the equipment.

But from a tax standpoint, the entire lease payment can be tax deductible A loan payment is generally not tax deductible. This can mean a big tax advantage for you. Talk to your CPA for exact rules on leases vs. loans.

For answers to any other questions you have, feel free to contact your dedicated finance agent today.

What if I have bad credit?

We can finance anyone with a credit score ranging from a 500 FICO all the way up to perfect credit. Some of our working capital products are not even based on a credit score. The bottom line is that if it’s possible for you to get money, we’ll help you to get it.

For answers to any other questions you have, feel free to contact your dedicated finance agent today.

What kind of rates do you offer?

At Brahma lending and leasing, our lease and loan Rates range from 7% up to mid 20%. This all depends on the strength of the borrower or business, the term of the loan and your credit score.

For answers to any other questions you have, feel free to contact your dedicated finance agent today.

What types of equipment do you finance?

At Brahma lending and leasing, we can finance virtually Any type of equipment that applies to your business. From trucks and trailers to heavy equipment to computers and medical related items, we even finance large obscure manufacturing equipment that most people have never even heard about.

The bottom line is that if it’s possible for you to get money, we’ll help you to get it.

For answers to any other questions you have, feel free to contact your dedicated finance agent today.

How long will this process take?

Every loan is different because every borrower has a different set of circumstances. But with Brahma Lending and leasing, we can get your loan processed a lot faster than a traditional lender. From start to finish we can often have a loan complete within 5 days as long as the customer gets all the needed documents to us asap.

For answers to any other questions you have, feel free to contact your dedicated finance agent today.

Do I have to come up with collateral for my loan?

For many loans, collateral is not a requirement. However, we do have loan products where you can use existing assets as collateral to strengthen your situation if there are challenges with your credit.

We are able to process a loan with just a small down payment. In some cases, it's as simple as one payment upfront.

For answers to any other questions you have, feel free to contact your dedicated finance agent today.

Can you give me multiple loan products?

This is one of the greatest things that Brahma Lending has the ability to offer. We can get several products to you at the same time. We find that most businesses that are financing equipment are also looking for working capital or a line or credit. We can offer it all.

For answers to any other questions you have, feel free to contact your dedicated finance agent today.

Can I finance additional equipment after this loan?

Yes, because at Brahma lending and leasing, we have affiliate lenders and banks that allow us to help your business grow as quickly as you want to grow. As long as you can show the ability to pay for the equipment or loan, we can help you qualify for additional products. Most banks give you covenants or restrictions, which can limit your growth. We’ll help you find lenders who don’t slow you down. We want to help you grow as quickly as possible. The bottom line is that if it’s possible for you to get money, we’ll help you to get it.

For answers to any other questions you have, feel free to contact your dedicated finance agent today.

 

For smaller loans, we can go as low as 12-month terms, and for larger loan products terms can go all the way up to 72 months.

We are happy to help you find a loan product that fits your payment needs.

For answers to any other questions you have, feel free to contact your dedicated finance agent today.

 

Most leases don’t show up on your credit report. This can be an advantage to a growing business because it doesn’t limit your borrowing power or restrict your cash flow as much. By using leases instead of loans, you can continue to grow your business without restrictions.

For answers to any other questions you have, feel free to contact your dedicated finance agent today.

When will my first payment be due?

In most cases, the first payment on your loan or lease is usually due at least 30 days after the close of the loan. Sometimes the first payment stretches to 45 days after closing.

For answers to any other questions you have, feel free to contact your dedicated finance agent today.

How do I increase my credit score, can you help me fix my credit?

You can increase your credit score by simply making your payments on time whether it’s a loan or a lease. Paying loans down below 50% of the amount owed can also help increase your score. We have many other ways of helping you increase your scores.

If you have credit issues, we can help you improve them. We will offer a free consultation and even tell you what you need to do to get your credit to where you need it.

Feel free to contact your dedicated finance agent today for additional details.