Frequently Asked Questions
What Are Your Current Rates?
Rates are determined by a number of factors including the credit rating of the business and/or principal(s) as well the type of equipment being financed. Our flexible programs allow us to provide financing to a wide array of businesses that range from start-up sole proprietors to Fortune 500 companies with AA credit to D credit profiles. No matter where your company is located on this spectrum our market survey's show that our low fixed rates are typically 150 to 200 basis points lower than our competition. Contact us today for a no obligation free quote.
How Quick Is Your Process?
UCA Funding can provide up to $150,000 with a one page form. In most cases, an approval can be obtained within just a few hours. Funding typically occurs almost immediately after your verbal acceptance.
Is There A Pre-Payment Penalty?
There is no pre-payment penalty associated with any of our lease or loan products.
How Much Financing Can I Obtain?
Businesses can finance up to $150,000 with a one page form or up to $25,000,000 with a qualifying financial package.
What Type Of Businesses And Equipment Do You Finance?
UCA Funding will finance virtually any type of new or used equipment and industry. Our flexible programs have allowed our clients to finance everything from common acquisitions like office furniture, computers and software, titled vehicles, manufacturing, packaging and construction equipment to more exotic acquisitions like parade floats, Ferris Wheels, and underground heat reclamation systems for a 100% self-sufficient agricultural production with a neutral to negative carbon footprint. If it is integral to your operations UCA Funding will be your partner in profitability.
What Terms Does UCA Funding Offer?
Our typical terms are offered from 12 to 60 months on our application only program. And, we can offer up to 96 months on full financial disclosure transactions.
Will Financing With UCA Funding Affect My Personal Credit?
None of our loan or lease products will affect your personal credit. Financing your equipment or working capital with UCA Funding will not produce a trade line on your personal credit report.
Are Payments A Tax Write Off?
Typically, the IRS will allow you to write off 100% of your lease payment on a True Lease or FMV Lease. Moreover, in most cases Tax Code 179 will allow you to write off the entire amount of your equipment, depending on the specifics of your business.
Does The Equipment Seller Have To Be An Equipment Dealer?
UCA Funding offers financing for private party sellers and from auctions. At UCA Funding our mission is to provide you with the most cost-effective means to operate your business efficiently and profitably. Our flexible programs allow you to achieve this goal through a myriad of options.