Master
The Master Lease is a pre-approved credit line allowing for multiple transactions (take-downs) over a period of time.

Express
The Application Only Program does not require financial disclosure. Approvals are granted from $5,000 to $150,000, and usually within a 24 hour period.

Commercial
The Commercial Program requires a full financial credit package and typically provides for lower finance/lease rates.

Software Only
The Software Only Program allows for 100% Software Financing, including installation, training, and service. Lease limits are from $5,000 to $5,000,000. Application Only limits to $100,000.

Flexible Program
There are a number of customized payment structures available (i.e. step, skip, seasonal, etc). For example, the No Pay For 90 Days Program allows the Lessee to skip the first 3 scheduled lease payments.

Municipal
The Municipal Program is for specific county, state or local government entities. Pacifica Capital’s Municipal Product is a straightforward agreement for amounts up to $1,000,000+. In most cases there is no need for UCC filings, legal "opinion letters," or financial statements on leases less than $100,000. This program would cover:

• Police and Fire Department
• Municipal Golf Courses
• Departments of Transportation Water and Electric Boards
• Port, Housing & Transit Authorities
• Colleges & Universities
• Libraries & Museums
• Court Systems, Correctional Facilities
• Most other public institutions

Finance Lease
The Finance Lease spans the useful life of the equipment. Payments are spread normally over a period of 24 - 60 months and often represent the full value of the equipment. The Finance Lease allows the lessee to own the equipment and take advantage of the tax depreciation benefits that ownership provides.  A typical Finance Lease has a fixed purchased option at the end of the term ($1.00, 10%, etc.)

True Lease
The True Lease gives the lessee the option to purchase the equipment at Fair Market Value, renew the lease, or return the equipment with no further obligation at the end of term. The True Lease allows the lessee to write off the entire monthly rental payments.  The Lessor retains ownership of the asset until the end of the term.

 

Equipment Finance Agreement (EFA)
The EFA is in actuality a loan to the customer (debtor) using the equipment asset as collateral. The debtor usually pays for the equipment and takes all the ownership benefits and responsibilities. The creditor (usually Pacifica Capital) reimburses the debtor for the equipment and collects the monthly payments. The creditor holds a security interest in the equipment until the loan is paid in full.

 

Operating Lease
The Operating Lease is a true lease, generally for shorter terms in order to comply with FASB 13 accounting standards. Since the lessee can "walk away" from the equipment at the end of term, an Operating Lease is particularly useful in the acquisition of obsolescence-prone equipment.