Merrit Capital Corporation
Here's what Merrit Capital brings to the table:
Contract Types
Contract Types
Contract Types
Lease Agreements
Sales and Security Agreements
Loan and Security Agreements
Structures
Contract Types
Contract Types
- Terms from 18 months - 72 months
- As little as nothing down ($0.00) at time of signing
- Up to 90 days of no payments to start your lease or loan contract
- $10.00 residuals
- 10% residuals
- 15% residuals
- 20% residuals
- 25% residuals
- Seasonal Payments to coincide with your busy season
- Skip payments built into your custom payment stream
- HST/GST balloon payments
Rates
Contract Types
Insurance to cover your leased or financed equipment.
Merrit Capital offers 3 tiers of rates:
Tier 1 (Triple A Credit)
- Long tenured established incorporated company
- Strong revenues in excess of $10mm
- Sound, solid balance sheet
- Strong EBITA
- Asset does not necessarily dictate structure in this category
- Rates start at 3.95% - 5.95%
Tier 2 (A Credit)
- 5 + years in business
- Can be a sole proprietor or incorporated company
- Home owner with good personal credit
- Desirable asset, both in make and year (example of a non-desirable asset would be: looking to buy a 2002 long haul highway tractor)
- Good work program
- Rates start at 5.95% - 8.95%
Tier 3 (Sub-prime)
- Poor credit, little or no credit
- Non-homeowner with poor credit, little or no credit
- Buying non-desirable asset (example: 2002 highway tractor)
- Previous bankruptcy, but off support of bankruptcy and re-establishing credit
- New business owner expanding operations
- Rates start at 8.95% - 25%
Insurance to cover your leased or financed equipment.
Insurance to cover your leased or financed equipment.
Insurance to cover your leased or financed equipment.
Protect your assets, protect your family, protect your future.
- Life Insurance
- Disability Insurance
- Critical illness Insurance
- Job Loss Insurance
The insurance product you decide on covers your asset for the term of your contract. To find out more contact our head office.
Full Service Support
Insurance to cover your leased or financed equipment.
Full Service Support
Need a payout or trade up on a contract. Contact our head office and we will have it to you right away. Copies of misplaced lease agreements, no problem. Again, contact the head office and we will get a replacement copy to you immediately. Need a power of attorney letter, again we will have it to you right away. Copies of amortization schedules, no problem we are here to make sure you have all the paper work you or your accountant require at anytime.
Nationwide Service
Insurance to cover your leased or financed equipment.
Full Service Support
Do you live in Sudbury, Ontario or do you live in Winnipeg, Manitoba. Maybe you live in Moncton, New Brunswick or Calgary, Alberta? We have representatives that service the entire county. Anywhere in Canada.