Taycor Financial FAQs

Learn more about the structure and end of term options for our more popular equipment leasing programs.

General FAQs

Will Applying for Financing Hurt My Credit Score?

At Taycor, we use a soft credit pull, so applying for financing will not negatively impact your credit score.

How Is My Information Protected?

We use encrypted fields in our application process, to ensure your personal information is safe. Additionally, we use secure links when processing information and follow best practices whenever handling personal data. Your security is our top priority.

Equipment Finance FAQs

Can You Lease or Finance Used Equipment and Vehicles?

Yes. We finance all types of new and used equipment and vehicles.

How Long Does the Equipment Financing Process Take?

Requests for up to $150,000 will be approved within two hours after receiving a one-page credit application. Documents will be sent over-night, hand-delivered, or e-mailed to the customer, and a Purchase Order is immediately faxed to the vendor once signed documents have been received.

What is the Interest Rate on The Equipment Lease?

Although a lease is not a principal and interest loan, rates are based on credit history, time in business, equipment cost, lease term and structure.

What Happens at The End of The Lease Term?

There are a variety of end of term options available to you. These include Fair Market Value, $1.00 Buyout, and other Fixed Purchase Options.


This plan is particularly beneficial to those concerned with technological obsolescence. Our Fair Market Value lease is designed for our customers who expect the value of their equipment to decrease quickly or will want to upgrade their equipment at the end of the lease. At the end of a FMV lease, the lessee has three options: extend the term of the lease, return the equipment, or buy it at its fair market value. With this lease, you generally have lower monthly payments, and you can write off 100% of your payments as an operating expense. Please consult your accountant about the tax treatment for your company.


This option is for those who are fairly certain that their equipment will retain its value. Therefore, they plan to purchase the equipment at the end of the lease. When the lease term expires, you can simply purchase the equipment for a $1 (or $101 depending on your state’s tax laws).


For those who like the flexibility of the option to return the equipment or purchase it at the end of lease but want to cap their equipment buyout at a certain percent of the equipment cost, this is the option for you.

Can The Equipment Lease Be Paid Off Early?

Yes, a lease can be paid off early.

Will My Commercial Lease Payments Be Tax Deductible?

The IRS will generally allow you to write off 100% of your lease payment if the lease has been structured properly. We always recommend consulting with your tax advisor.

Will The Lease Payments Be Fixed for The Entire Term?

Yes, lease payments are structured around a fixed payment for the entire term.

What is the Minimum Size Lease Transaction?

The minimum transaction size for a lease is $5,000.

How Long Do We Have to Be in Business?

Taycor has a new business program for those companies who have been in business for less than two years. However, most of our leasing programs require a minimum of two years’ time in business.

How Much of Down Payment Is Required on Equipment?

Leasing provides 100% financing. Although custom tailored payment plans are available, Taycor typically requires the first and last payment in advance when lease documents are signed.

Working Capital FAQs

What Working Capital Solutions are Available?

We offer a wide variety of Working Capital Solutions including Business Lines of Credit, Short term Bridge Loans & Advances, Factoring & Long Term Business Loans.

What Is the Benefit of a Business Line of Credit?

Take comfort in knowing that you have instant access to funds for unpredicted, or planned events, that you can access at any time you deem fit.

How Quickly Can I Get Working Capital?

Requests for Working Capital can be funded in as little one day, depending on the type of Working Capital being requested. Once established, Business Lines of Credit can be drawn from as needed.

What Do I Need to Apply for Working Capital?

To apply for Working Capital, you will need a Business EIN, Business/Commercial Bank Statements, and your Social Security Number. We will request this information during the application process and may request additional documentation depending on your specific needs.