The specific monthly payments depend on the terms of the finance agreement, including the customer credit profile, cost of the equipment, the length of the contract, and the agreed interest rate. Singer Finance offers customized funding solutions, which means the payments can be tailored to fit the business's financial situation.

Finance terms are designed to accommodate a variety of business needs. The terms can be customized based on the duration of the lease, payment schedules, and the specific financial requirements of the business. This ensures that the financing arrangements align with the operational and financial goals of the company, providing a tailored solution that supports growth and adaptability​. Deferred payments at the start of the agreement and seasonal payment plans are also available.

Financing involves lower upfront costs compared to buying outright and provides businesses more cash flow flexibility. Financing allows businesses to utilize operating expense budget compared to capital expense budget, which may lead to more buying power for your customers. In some cases, the revenue generated from the equipment can even exceed the monthly payment to finance the equipment.

Financing offers tax benefits, such as being able to deduct up to the full cost of financed equipment through section 179, which will lower taxable income. Customers should consult their tax accountant to discuss the benefits for their unique situation.

Most established businesses with at least two years tenure are granted up to 60 month, while start-ups may be granted limited terms. Once a credit approval is issued, the customer can select whatever terms best fit their needs (within their approval requirements). If an extended term is necessary, please reach out to your Account Executive. Odd terms such as 18, 30 and 42 months are also available upon request.

The customer can reach out to the customer service team and can even request an early buyout amount through the customer portal. The buyout is calculated based on the sum of remaining payments left on the contract. Buyouts occurring after 24 monthly payments have been made do not incur any fees or penalties.

Singer Financing provides financing for a wide range of commercial foodservice equipment and most, if not all, are available for financing. Equipment, installation, and maintenance costs can be bundled in most cases as well but please confirm with your LEAF Account Executive prior to offering to a customer if “soft costs” exceed 25% of the invoice total.

Customers can fill out applications on their own via Singer's website. All that is required to get started is some basic information on the business and the dollar amount being requested for financing. Alternatively, your Account Executive can coordinate directly with the customer to obtain a PDF credit application. If the initial application review is not able to render a decision due to lack of available credit information or potential concerns, your LEAF AE will work directly with the customer to obtain additional information such as tax returns, financial statements, or bank statements.

Applications are typically decisioned in three business hours. Larger cost applications may take longer due to a more extensive credit check. Lower cost applications for established businesses can be approved in minutes.

Unlike most lenders, LEAF can provide financing for startups, expansion locations, and established businesses. Financing rates and terms will reflect the additional risk associated with startups.

Customers are provided log-in information to the customer portal after the contract commences. This portal allow customers to make payments, view invoices, set-up ACH pay, check remaining balances, request buyout figures and more.