Lease FAQs

Using our cutting-edge technology, we create custom approval amounts and payment terms to fit each applicant. This enables us to approve more customers for higher approval amounts. You can choose a payment plan that fits your growing business.

We offer a few (usually 3) options for customers to select. Simply put—lower monthly payments spread out over a longer time frame, or higher monthly payments with a shorter lease term. You can consider your budget, situation, and the amount of revenue you expect to earn from a piece of equipment to determine which terms will suit your needs.

Because we offer leases, rather than loans, we don’t have an “interest rate.” Instead, our leases

attach a set surcharge at the beginning of the lease which is then spread out between each

payment.

To determine the total amount a customer will pay over the full lease terms, they can multiply their monthly payment amount by the total number of payments. On average, the cost of a lease with Approve is about the same as someone would pay with an expensive credit card.

The benefit of a fixed fee instead of an interest rate is that customers never have to worry about compounding interest like they would with a credit card.

We approve customers who are overlooked by traditional financing options—like customers with poor credit or start-ups with limited time in business. We take a chance on these customers—helping them fund their small business dreams.

We are not just a “bad credit option”. Even customers who could get approved elsewhere often choose to finance with us. Here are just a few reasons:

We are quick, easy, and convenient—perfect if they need same-day equipment.

Our payments make it easy to budget and measure ROI.

Leasing doesn’t show up on a balance sheet as a liability—important if they need to apply for non-equipment loans later.

Leasing maintains credit lines and cash flow, so small businesses can use those resources for day-to-day operations.

Customers select their equipment and apply for Approve financing. When you are approved, review and sign a lease agreement. Then Clicklease buys the equipment directly from Barchue Enterprises, LLC for the full invoiced amount. You lease the equipment directly from Approve.

Business equipment leases work a little differently than the leases customers may encounter in their personal life. When someone leases a car, they bear limited responsibility for maintenance and liability. When the lease term is up, they return the car with no right of ownership. (Though some auto leases do give you a buy-out option, it’s usually cost-prohibitive.)

At Barchue Enterprises, LLC, we try to make our leases more like traditional financing, so we build a buyout option into every lease agreement. Typically, at the end of the lease term, the customer makes three more monthly payments, and then they own the equipment outright. The customer is also responsible for maintenance and repairs throughout the lease.

We do! It’s a pilot program called “Buy-in-5.” With the Buy-in-5 Early Buyout Option, customers can take advantage of commitment-free financing for the first 5 months. They can buy out their lease for significant savings. Learn more about the early payoff here.

We don’t require a down payment, but we do charge a documentation fee at the time of signing. The documentation fee typically ranges from $79 to $399 depending on the size of the lease. The primary purpose is to make sure we have the correct account information and have everything set up correctly, but it isn’t a lease payment and doesn’t go toward the balance of the lease.

Fiance payments may be tax deductible as a business expense. There can be some great tax

benefits to leasing, but we aren’t tax experts, and you probably aren’t either, so if you have

further questions, please talk to your accountant.