TimePayment Corporation is a leasing company that provides financial solutions
for micro-ticket transactions, or equipment ranging from $500 to $25,000. We
are a wholly owned subsidiary of MicroFinancial, Inc., a publicly traded company
(ticker symbol: MFI). Operating since 1986, we have written over 700,000 commercial
and consumer leases resulting in total funded dollar amount of over $1 billion.
Why Leasing with TimePayment?
Leasing is a simple and easy way to obtain equipment without the high upfront costs.
Some of the benefits of leasing include:
Conserving Capital - Leasing allows you to keep capital free for investment
instead of tying it up in fixed assets.
Allows for more Financing - Leasing means a low down payment and no required
compensating balances.
Provides Tax Advantages - The preferred type of lease agreement is our Fair
Market Value Lease (or True Lease) in which the lessor is viewed as the owner of
the equipment during the lease term. You the lessee are allowed to claim the
entire amount of the lease payment as an operating expense.
Enhances Budget Stability - Leasing guarantees a modest fixed payment
amount for the length of the lease term, making it easier for you to plan
for future expenses.
Avoids Technological Obsolescence - Leasing protects you from being locked
into owning equipment that may not meet your future needs.
Provides Flexibility - With the flexible end-of-lease options, you can purchase,
refinance, upgrade, or even return the equipment at the end of your lease.
How do I Apply for a Lease?
You can apply for a lease by either clicking Lease Application download it, fill it out and mail it to:
Northland Outdoor Wood Furnace
105 1st St South
Keewatin, MN 55753
or by clicking here, it will bring you to our lessee application page. Once
completed, hit submit. A Northland Outdoor Wood Furnace representative will contact
you about your application once it is received.