Master Lease is a pre-approved credit line allowing for multiple
transactions (take-downs) over a period of time.
Application Only Program does not require financial disclosure.
Approvals are granted from $5,000 to $150,000, and usually
within a 24 hour period.
Commercial Program requires a full financial credit package
and typically provides for lower finance/lease rates.
Software Only Program allows for 100% Software Financing, including
installation, training, and service. Lease limits are from
$5,000 to $5,000,000. Application Only limits to $100,000.
There are a number of customized payment structures
available (i.e. step, skip, seasonal, etc). For example, the
No Pay For 90 Days Program allows the Lessee to skip the first
3 scheduled lease payments.
Municipal Program is for specific county, state or local
government entities. Pacifica Capital’s
Municipal Product is a straightforward agreement for amounts
up to $1,000,000+. In most cases there is no need for UCC filings,
legal "opinion letters," or financial statements on leases
less than $100,000. This program would cover:
Police and Fire Department
of Transportation Water and Electric Boards
Housing & Transit Authorities
Systems, Correctional Facilities
other public institutions
The Finance Lease spans the useful life of the equipment.
Payments are spread normally over a period of 24 - 60 months
and often represent the full value of the equipment. The
Finance Lease allows the lessee to own the equipment and
take advantage of the tax depreciation benefits that
ownership provides. A typical Finance Lease has a fixed purchased option at the end of
the term ($1.00, 10%, etc.)
True Lease gives the lessee the option to purchase the
equipment at Fair Market
Value, renew the lease, or return the equipment with no further
obligation at the end of term. The True Lease allows the lessee
to write off the entire monthly rental payments. The
Lessor retains ownership of the asset until the end of the
Finance Agreement (EFA)
EFA is in actuality a loan to the customer (debtor) using
the equipment asset as collateral. The debtor usually pays
for the equipment and takes all the ownership benefits and
responsibilities. The creditor (usually Pacifica Capital)
reimburses the debtor for the equipment and collects the
monthly payments. The creditor holds a security interest in
the equipment until the loan is paid in full.
Operating Lease is a true lease, generally for shorter terms
in order to comply with FASB 13 accounting standards. Since the lessee can "walk away"
from the equipment at the end of term, an Operating Lease
is particularly useful in the acquisition of obsolescence-prone
| Lease Programs
Vendor Lease Programs | Glossary
Rancho Viejo Road, Suite 205, San Juan Capistrano, California 92675 ·
Phone 949.727.3711 · Toll Free 800.800.8081 · Main Fax 949.727.3722
2012 Pacifica Capital