Frequently Asked Questions

Using our cutting-edge technology, we create custom approval amounts and payment terms to fit each applicant. This enables us to approve more customers for higher approval amounts. Customers can choose a payment plan that fits their growing business.

Clicklease offers a few (usually 3) options for customers to select. Simply put—lower monthly payments spread out over a longer time frame, or higher monthly payments with a shorter lease term. Customers can consider their budget, situation, and the amount of revenue they expect to earn from a piece of equipment to determine which terms will suit their needs.

Because we offer leases, rather than loans, we don’t have an “interest rate.” Instead, our leases attach a set surcharge at beginning of the lease which is then spread out between each payment.

To determine the total amount a customer will pay over the full lease terms, they can multiply their monthly payment amount by the total number of payments. On average, the cost of a lease with Clicklease is about the same as someone would pay with an expensive credit card.

The benefit of a fixed fee instead of an interest rate, is that customers never have to worry about compounding interest, like they would with a credit card.

Clicklease approves customers who are overlooked by traditional financing options—like customers with poor credit or start-ups with limited time in business. We take a chance on these customers— helping them fund their small business dreams.
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Clicklease isn’t just a “bad credit option.” Even customers who could get approved elsewhere often choose to finance with Clicklease. Here are just a few reasons:
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1. Clicklease is quick, easy, and convenient—perfect if you need same-day equipment.
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2. Clicklease payments make it easy to budget and measure ROI.

3. Leasing doesn’t show up on a balance sheet as a liability— important if you need to apply for non-equipment loans later.
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4. Leasing maintains credit lines and cash flow, so you can use those resources for day-to-day operations.

Customers select their equipment and apply for Clicklease financing. When the customer is approved, they review and sign a lease agreement. Then Clicklease buys the equipment directly from the seller partner for the full invoiced amount. The customer leases the equipment directly from Clicklease, so we handle everything once the customer receives their equipment.

And we always pay partners 100% of the invoiced amount. We don’t charge any seller fees—it’s always free to work with Clicklease.

Business equipment leases work a little differently than the leases customers may encounter in their personal life. When someone leases a car, they bear limited responsibility for maintenance and liability. When the lease term is up, they return the car with no right of ownership. (Though some auto leases do include an early purchase option, it’s usually cost-prohibitive.)

At Clicklease, we try to make our leases more like traditional financing,so we build a purchase option into every lease agreement. Typically, atthe end of the lease term, the customer makes three more monthly payments, and then they own the equipment outright. The customer is also responsible for maintenance and repairs throughout the lease.

We don’t require a down payment, but we do charge a documentation fee at the time of signing. The documentation fee typically ranges from $79 to $499 depending on the size of the lease. This "doc fee" is an underwriting tool, not a down payment and doesn’t go toward the balance of the lease.

When you buy equipment with cash, you can often write off the depreciation of the equipment as a business expense. It becomes a deduction and makes your “income” look smaller so you might get taxed less. If you lease the equipment, the entire lease payment (including any fees) can be deducted as a business expense. We aren’ttax experts and this isn’t tax advice, so you should talk to your accountant for more information.

A small percentage of customers may encounter an additional step in our approval process. It’s called “bank verification” or VOD. It gives us a little more information about the customer’s bank and payment history without requiring bank documents or a hard credit pull. This additional step can enable us to approve customers we would otherwise have to decline.

If a customer’s application requires bank verification, they will be directed to an additional screen where they will select their bank and enter their login credentials. This process is entirely secure and done through a third party. Clicklease doesn’t gain access to the customer’s online bank account, and the information is not saved.