Explore loan vs leasing and find out why we call it the OnePlace Capital Advantage.
Will this loan appear on my credit report?
No! The OPC Loan will not appear on your personal credit report as a debt obligation.
Yes. Your loan will show up as a debt obligation on your credit report.
Will there be a lien against me or my practice?
No! We only file a security interest in the item financed.
Most banks file a blanket lien against you.
Can I pay off early with no penalties?
Yes! You can make extra principal payments or pay off at any time with no penalties or future interest charges.
In most cases, you will incur penalties for early payoff and be liable fo interest charges for the full term of your loan.
How quickly can the loan be processed?
Today! We can turn requests around in a matter of hours.
Most requests can take several days.
Can I make extra payments toward principal?
Yes! Extra payments can be applied toward principal at any time, thus shortening your term and lowering your overall interest expense.
Any additional funds will be applied to future scheduled payments including interest.
Do I own the equipment?
Yes! You own the equipment from day one.
No. The leasing company owns the equipment.
Does this qualify for a tax write-off?
Yes! This is a true purchase so the full equipment purchase may qualify under Section 179 for a tax write-off.
Some leases have buy outs and may act as an operating expense instead of a full, up-front write-off.
Will this loan appear on my credit report?
No! The OPC Loan will not appear on your personal credit report as a debt obligation.
Will there be a lien against me or my practice?
No! We only file a security interest in the item financed.
Can I pay off early with no penalties?
Yes! You can make extra principal payments or pay off at any time with no penalties or future interest charges.
How quickly can the loan be processed?
Today! We can turn requests around in a matter of hours.
Can I make extra payments toward principal?
Yes! Extra payments can be applied toward principal at any time, thus shortening your term and lowering your overall interest expense.
Do I own the equipment?
Yes! You own the equipment from day one.
Does this qualify for a tax write-off?
Yes! This is a true purchase so the full equipment purchase may qualify under Section 179 for a tax write-off.
Will this loan appear on my credit report?
Yes. Your loan will show up as a debt obligation on your credit report.
Will there be a lien against me or my practice?
Most banks file a blanket lien against you.
Can I pay off early with no penalties?
In most cases, you will incur penalties for early payoff and be liable fo interest charges for the full term of your loan.
How quickly can the loan be processed?
Most requests can take several days.
Can I make extra payments toward principal?
Any additional funds will be applied to future scheduled payments including interest.
Do I own the equipment?
No. The leasing company owns the equipment.
Does this qualify for a tax write-off?
Some leases have buy outs and may act as an operating expense instead of a full, up-front write-off.