A single facility which allows a firm to lease several different pieces of equipment to be acquired over an extended time period, generally a year.
A lease line of credit is done in conjunction with a Master Lease, where the total dollar amount of the line along with the terms governing all schedules, such as tenor, amortization, price, and fees, are negotiated up front, eliminating the need to negotiate separate lease documents. When the lessee is ready to acquire a new piece of equipment, the lessee simply executes a Lease Schedule.
Lease Line Of Credit