Frequently Asked Questions (FAQ) | Boston Leasing & Finance

Questions & Answers

Everything You Need to Know

Find answers to common queries across all our services—Equipment Leasing, Business Financing, Personal Finance, and Tax & Legal.

Our minimum lease amount typically starts at $5,000, allowing businesses of all sizes to access equipment.

We offer flexible terms ranging from 12 to 84 months, tailored to match your business cash flow cycles.

Yes, we finance both new and used equipment, subject to age and condition evaluation.

Funding times vary by product: credit lines can be active in 48 hours, term loans in 3-5 days, and SBA loans typically take 30-45 days.

No, we offer both secured and unsecured financing options. Unsecured options depend on your business revenue profile and credit history.

Yes, we support early-stage businesses with specialized startup programs, including SBA 7(a) options and equipment leasing.

The best time to start is now. Compounding interest is your most powerful wealth-building tool, so starting early yields the greatest results.

We recommend saving three to six months' worth of living expenses in a liquid, easily accessible account.

We generally recommend paying off high-interest debt first, while continuing to make at least the minimum match contributions to retirement accounts.

ASC 842 requires lessees to recognize most leases on their balance sheets as right-of-use (ROU) assets and lease liabilities.

Lease classification is determined at inception based on specific criteria. Modifications may trigger reclassification under ASC 842.