Medical Equipment Leasing

DrSmart has teamed up with Americorps Financial LLC to provide you the best rates available in medical equipment leasing. For the past 25 years, Americorps Financial LLC has been a direct lender that provides financial services to the healthcare industry. They work with physicians, hospitals, imaging centers, and outpatient facilities, to provide aggressive rates, creative programs and excellent service.

What makes them unique is that they are a dual capacity lender. Their medical financing experts have the capacity to fund internally or through their syndication desk. They have a long history of getting approvals where others have failed, and are currently running an 89% approval ratio. They are also one of the few lenders providing Patient Financing for elective procedures.

Why Lease Medical Equipment?

Nearly 80% of US businesses lease finance at least one piece of medical equipment. For example, with the price of ultrasound equipment in the healthcare industry, medical equipment leasing makes excellent sense in a variety of circumstances and is an ideal way to circumvent large cash expenditures and hefty down payments.

At Americorps Financial LLC, their medical equipment leasing programs allow you to finance 100% of the purchase price. No need to come up with large down payments. Furthermore, their financing programs account for and allocate funds for soft costs like shipping, installation, and training.

By Medical Equipment Leasing you can:

Optimize Cash Flow
Conserve Capital
Improve Budget Planning
Save Personal Credit for Personal Use
Allow New Equipment to Generate Income and Pay For Itself Over Time

Please click here to request a Medical Leasing Application

Medical Equipment Lease vs. Bank Loan

True Lease	Bank Loan
No effect on personal credit	Shows as debt on personal credit
Saves cash reserves for business needs	Uses cash reserves as down payment
Tax advantages (consult your accountant)	Tax advantages (consult your accountant)
Fixed interest rate and payments	Variable rates will increase payment
Can include soft costs like shipping and software	Hard assets only
Application only approval on most transactions	Long approval process

How Medical Equipment Leasing works and Different leasing programs

Application Process

The approval process is based on a simple, one page application, which can be complete either online or off. We ask that you truthfully complete either the secure online application or print out and fax to us the one page application, including information on the business entity, the equipment being purchased, the cost, and information on the vendor.

Credit Review

Our credit department assesses the status of the applicant. The application may be approved within minutes or additional information may be requested. Once approved, we make great effort to provide you with the best possible rate and the lease terms requested.

Lease documents, along with detailed instructions, are faxed, emailed, or overnighted to you for signature. A purchase order is sent to the vendor(s) once you are satisfied and have signed and sent back to us the appropriate documentation.

Purchase Order, Delivery, & Payment

Once the vendor has the purchase order, the vendor will ship the equipment and schedule installation. After successful installation, we call you for verbal verification that the equipment is in good working order. In some cases, a delivery inspection may be requested.

After verbal verification, the vendor is paid in full and the lease starts.

Customer Service is Our Priority

Our lease specialists are dedicated to providing full service by being available to answer your questions at any time and to resolve any difficulties that may arise. At all times, control of the process is in the hands of the customer. The lease does not start until you specifically authorize us to pay the vendor, not before.

Please click here to request a Physician Leasing Application

TYPES OF MEDICAL EQUIPMENT LEASES

Capital Equipment Leases

A capital lease may also be referred to as a nominal or ($1) dollar-buyout lease. Capital leases as a whole share the advantage of fixed monthly payments but with the guaranteed option to purchase the equipment for a nominal price at the conclusion of the lease.

$1 Purchase Option
The entire purchase amount is financed. At the end of the lease a $1.00 payment is made and the equipment is yours.

10% Purchase
Has the advantage of a lower monthly payment. At the end of the lease, a lump payment is made which is equal to 10% of the purchase price. Equipment is owned after 10% payment is made.

With this type of lease there is no uncertainty about the value of the equipment at the conclusion of the lease as the buyout terms are generally a part of the initial agreement.

For more information regarding our leases, please contact Rudy Garay via email rudy@drsmart.com