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Landoll Financial Products and Services Offered:

  • Express
  • Commercial
  • TRAC Leases
  • True Leases/Closed End Leases
  • Open-End Leases, Equipment Financing Agreements
    & Traditional Debt Products

    Express:


    Express sets the standard as the industry’s fastest, most flexible source of equipment funding. Featuring:

  • Credit from $10,000 to $100,000, often without
    financial statements.
  • Straightforward credit policies.
  • Competitive rates.
  • Fast, professional service.
  • Flexible payment programs.

    Express can accommodate a wide variety of equipment types, as well as various financing terms, payment plans and end-of-lease options. Plus, it offers outstanding service benefits. For example, an eight-hour credit decision is available on Express transactions. Also, with our Express Plus service you may qualify to receive automatic approval for additional credit that can be used immediately to acquire one or multiple pieces of related equipment.

    In equipment financing there are no “one-size-fits-all” solutions, and so we seek to tailor our programs to your unique situation.
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    Commercial:


    If your financial needs exceed the scope of Express products, we offer two additional solutions - Commercial and ComPact. They enable you to finance the mid-range Landoll equipment you need without a major cash investment. Features include:

  • Credit up to $10,000,000 for equipment.
  • Competitive pricing.
  • Flexibility from submission to funding.
  • Prompt, professional service for the life of your financing.

    Commercial and ComPact can help you solve your most complicated equipment acquisition problems with a variety of terms, payment plans and end-of-term options. ComPact even offers next-day credit decisions. With both products we look at all the variables taking into account not just financial statements but the complete credit picture.

    From credit decisions to funding to administration of your agreement, we're organized to deliver quick response and superior service, including expert advice on terms and structuring. We want to make sure our funds work to your advantage, building competitive power and profits - fast.
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    TRAC Leases: (Terminal Rental Adjustment Clause)


    This structure, for titled vehicles, is normally considered a true lease by allowing for the immediate deduction of each payment as a normal business expense. The residual is determined at lease origination and is appropriately based upon usage, lease term and projected value. At the expiration of the lease agreement, if the Lessor sells the equipment for more than the originally agreed upon TRAC amount, the Lessor will refund the difference to the Lessee. However, if the Lessor sells the equipment for less than the agreed upon TRAC amount, the Lessee is responsible to pay additional rent to the Lessor equal to the deficiency.
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    True Leases/Closed End Leases:


    This instrument is a non-cancelable rental agreement with the ownership of the vehicle remaining with the leasing company (lessor) during the lease term.

    At lease expiration, the equipment may be returned, purchased for its then fair market value or rented on a month-to-month basis. A closed-end lease typically offers lower payments than traditional debt products and shifts the burden of obsolescence and equipment disposition to the leasing company. Payments under this product are most often tax deductible for federal income tax purposes. Under specific circumstances (FASB 13 conforming), closed-end leases may not require balance sheet disclosure, thereby maintaining or enhancing key financial ratios.
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    Open-End Leases, Equipment Financing Agreements & Traditional Debt Products:


    These transaction structures are most often accounted for as loans for financial reporting and federal income tax purposes. Depreciation and interest are recognizable expenses. Upfront costs, as with our other offerings, are minimal and structures can include balloon payments, thereby providing even lower monthly payments. Equipment ownership is vested with the borrower/lessee.
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    Call us today : 1.800.883.4071


    8341 NW Mace Road, Suite 200 | Kansas City, MO 64152 | (800)883-4071
    © 2002 Landoll Financial Services, All rights reserved