Rental Equipment Financing

Whether you're a spa owner, an equipment sales representative or a supplier seeking practical knowledge on leasing – Spafin is your source.

We believe financing shouldn't be a mystery. The more you know about available options, the more you'll be able to utilize them to your advantage. Spafin provides value-added financial solutions and creates collaborative long term relationships.

We are a lease-finance intermediary with banking connections in all fields of finance. Bottom line - - - we do the shopping for you - - - finding the LOWEST lease rate possible.

Integrity, intimate industry knowledge, and exceptional service are our hallmarks. It is our passion and our purpose to help you run a more profitable business.

 

What is a Lease?

It’s simply an agreement, to pay rent over a specific period of time, for the right to use a piece of equipment. This means all the benefits of generating income and none of the burden of ownership.

You are still typically responsible for maintenance, insurance, and other costs of ownership.

The period of the lease is normally matched to the useful life expectancy of the equipment. At the end of the lease, you could arrange for the option to buy, renew the lease, or return the equipment to Spafin.

As a lease is flexible, it allows you to upgrade all or part of the equipment at any time during the period of the lease. The best part is that 100% of the lease rentals can be offset against your taxable profits.

Fast Fact: 80 percent of all businesses lease some of the equipment they use. Companies choose to lease equipment because leasing represents the best use of financial resources. Businesses that do not lease operate at a competitive disadvantage.

 

Spafin Lease Structures

Operating Leases (Fair Market Value Purchase Options):
For those worried about obsolescence, this plan offers the most options both during and at the end of the lease. In addition, this plan is particularly beneficial to those wanting to have both a small security deposit and a relatively low monthly payment. At the end of the lease term, you have the option to extend the term of the lease, return the equipment, or buy it at its fair market value.

Spafin also offers financing for those wishing to buy the equipment at lease end. A True Lease allows the most cost to be deferred to the end of the lease, when a decision to purchase, release or return of the equipment is reached.

10% Purchase Option Plan:
This plan offers you a fixed purchase option at the end of the lease. At lease end, you can extend the term of the lease, return the equipment or buy it at 10% of the original equipment cost.

Master Lease Line Of Credit:
A Master Lease Agreement allows for easy add-on lease schedules of equipment. Rather than resigning all of the lease documentation for each new acquisition, there is normally only a schedule for equipment and payments and then an acceptance certificate required for each schedule.

Step Lease Plan:
Step leases allow lease payments to either increase (Step-Up) or decrease (Step-Down) over the term of the lease to better meet unique cash flow needs.

 

Spafin partnering with suppliers

Creating effective relationships with manufacturers, distributers and suppliers are important to Spafin. Let us take full responsibility for setting up the finance arrangement, dealing directly with the spa, handling all the necessary documentation and guaranteeing immediate payment upon satisfactory delivery.

With an unrivalled range of funding sources, we are able to offer a far higher level of positive credit decisions than our competitors. For any supplier this can only mean more sales.

How would you like to receive full payment once we have receipt of properly executed documents? In most cases financing is like a cash sale to you.

With our help you can: