Understanding Packaging and the Basics
Packaging Insight is a resource to help our customers understand the terminology used in the various packaging industries. We hope you find the information on these topics both informative and useful. As always we are committed to the success of our customers. If you have a question or need information on a product or topic not mentioned feel free to call us 813 242 6995.
Leasing Packaging Equipment
How Financing Can Benefit Your Business
Use vs Ownership: The value of equipment is in its use, not its ownership. Financing enables you to pay for the equipment with future profit instead of working capital.
Affordability: Financing results in low monthly payments, and the equipment can be purchased for a nominal cost at the end of the lease term.
Fixed Payments: Fixed payments avoid the uncertainty of variable (floating) interest rates typical of bank financing.
Cash Conservation: Monthly payments leave cash available for operational expenses or seasonal cash flow needs.
Preserve Credit Lines: Borrowing from the bank shrinks available credit lines. Financing ensures that credit lines are available for non-equipment uses.
Tax Advantages: Lease payments (Off-balance sheet structure) may be tax deductible against income.
Easy: A simple, one-page application is generally all that is required for approval.
Quick: You can be approved for financing within one business day of receiving complete information.
Please sign and fax the application to (813) 242-6985.
A Bank & Trade Reference sheet could be accepted in lieu of filling out the entire application. Please be sure that there is a signature at the bottom of the credit application, which gives us authorization to make credit inquiries.
Should you have any questions or require additional information, please contact our corporate office at your convenience. Our number is (813) 242 6995. Thanks again for choosing Quick Pak Inc. as your packaging partner.
Frequently Asked Questions
Leasing offers fixed payments; provides financing for 100% of the equipment cost; allows businesses to pay for equipment while it is being used to generate income; and conserves both working capital and bank lines of credit.
Who can lease?
Corporations, Proprietorships, LLC's, Partnerships, and other Business entities using the equipment for business or commercial use.
What is the process for leasing equipment?
You fill out a simple, one-page lease application. (In certain instances, other financial information may be required such as financial statements or tax returns.) The supplied credit information is reviewed and upon approval the lease documents are prepared and sent to you for signing. Once we receive your signed documents, we issue a purchase order to your equipment vendor. Upon delivery of the equipment and acceptance by you, the equipment is paid for and the lease commences.
What factors are used to determine creditworthiness?
Type of business, time in business, financial condition, banking relationships, trade references, and Dun & Bradstreet or other credit bureau ratings.
What if my company or personal credit is not strong?
Call us to speak with one of our Leasing Specialists. It doesn't hurt to get a second opinion.
What is the minimum lease amount?
$5,000 is our minimum lease amount.
What types of leases are available?
We offer $1.00, 10%, and Fair Market Value lease purchase options.
How do I apply for a lease?
Applying for a lease is easy. You can print out our on-line lease application and fax it to us. You can also request that an application be emailed to you.
How are lease payments determined?
The monthly payment is based on the term of the lease, cost of the equipment, and the type of lease you choose.
How long does it take to approve my lease?
Lease applications can be approved within one day of our receiving complete information.
What happens once my lease is approved?
After lease details are confirmed with you, lease documents will be sent (overnight) for your signature.
When will the Purchase Order be issued to the vendor?
Once we have received signed documents from you, we will fax a purchase order to the vendor.
What is the true definition of "Fair Market Value"?
We hear the term Fair Market Value often discussed as a purchase option at the end of a lease. FMV is the amount that would be paid by an able buyer to a willing seller in an "arms length" transaction. At no time can a buyer be related to a seller under normal business practices.