Frequently Asked Questions

Q: What kind of equipment do you finance?
A: North Texas Credit leases most any kind of business equipment, including manufacturing machinery, office equipment, material handling equipment, computers, tractors and trailers. We do not finance cars or light trucks.

Q: What is the maximum and minimum amount that I can lease?
A: At North Texas Credit Company, we specialize in financing equipment for businesses valued between $5,000 and $200,000.

Q: How much will my monthly payment be?
A: At North Texas Credit Company, our equipment leases are always less expensive than normal credit card lines. Please contact us today to get a competitive quote.

Q: Why lease vs. using business loans or credit card financing?
A: Equipment leasing offers important advantages, such as added credit availability, more working capital, improved cash flow and tax deductions.

Q: Are you brokers?
A: No. While most equipment leasing companies are merely brokers, we are a direct lender for your business loans. Our customers and business partners deal with the decision makers, not middlemen.  This means no broker fees and more flexibility (such as early prepayment without penalty and restructure options as conditions change).  Total flexibility continues throughout the term of the lease.

Q: We sell business equipment. Can you offer financing for our customers?
A: Yes. If your company sells new or used business equipment valued between $5,000 and $200,000, let North Texas Credit personalize an equipment financing vendor program for you.

Q: Is there a pre-payment penalty?
A: No. Since we lend directly to you, we offer more flexibility on payments, such as no penalties for prepayment, and a personal approach that you don’t receive with computer generated companies.

Q: Is equipment leasing tax deductible?
A: Yes. In many cases, equipment lease payments can be treated as a fully tax deductible expense.

NAELB