Fast Fact
The main reason why equipment leasing continues to grow is that leasing meets the needs of so many types and sizes of companies.
Bank Program
Kinetic Leasing's Bank Lease Program is structured to allow banks to offer standard full service equipment leasing products to its customers without needing the resources to maintain a leasing division/subsidiary, and without taking on the responsibilities and risks of a lessor.
The benefits of utilizing the Kinetic Leasing Bank Lease Program include the following:
- Assistance to the bank in underwriting (structure, documentation, pricing, etc.) the lease transaction.
- The bank through which the lease was sourced will have the first right of refusal to discount the payment stream back into its loan portfolio.
- Fast turnaround (approval/documentation) of each lease transaction.
- Timely billing and collecting of all lease payments and related sales/property taxes.
- End-of-lease remarketing of the leased equipment, through guaranties from the vendor/manufacturer and remarketing agreements to eliminate and/or reduce residual risk exposure.
- Reports on each bank's lease portfolio: balances, average rates, aging of rents, etc.
- A link will be provided to your Bank's Internet site for your Bank customers to obtain instant lease quotes and an on-line lease application from Kinetic Leasing's internet site.
The Challenge
Your customers are knowledgeable about leasing. It has become a standard financial tool. Business customers are turning to extremely accommodating non-bank competitors for equipment leasing services. How much loan business is your bank losing to these companies? more info
The Opportunity
Kinetic Leasing has designed its Bank Lease Program to meet your bank's leasing needs. Our Bank Lease Program utilizes your bank lending personnel as a referral source for equipment leasing transactions. more info
The Solution
Partner with the leasing experts at Kinetic Leasing today. more info