Most equipment leases through Innovative Lease Services range from 12 to 60 months. In select cases, extended terms up to 84 months are available depending on the equipment type and credit profile. Businesses should contact (https://www.ilslease.com/contact)ILS directly to confirm eligibility for longer lease terms.

Leasing business equipment is often a better option than buying for companies that upgrade equipment regularly or want to preserve cash flow. Leasing typically offers lower monthly payments, avoids equipment depreciation, and provides end-of-term flexibility. At lease completion, businesses can return, renew, upgrade, or purchase the equipment depending on the lease structure. We offer both flexible leases and equipment financing plans (https://www.ilslease.com/equipment-financing)to ensure you get the structure that best fits your specific business goals.

ILS works with businesses across all credit tiers. Credit decisions are based on a combination of personal credit, business payment history, time in business, and equipment type. Lease payments are adjusted based on overall credit strength and risk factors. You can check your eligibility (https://www2.ilslease.com/get-funding)with our quick online application without impacting your score.

For applications up to $250,000, most lease approvals are completed the same day after submission of a complete application.

The warranties and/or licensing offered by the manufacturer are under your ownership for the length of the lease. At the end of the lease you may close the lease, sign a new lease, or purchase the equipment.

Yes. Innovative Lease Services allows businesses to lease equipment from multiple vendors under a single lease, simplifying payments and administration.

Yes. ILS offers leasing options for pre-owned and used equipment, subject to approval, valuation, and condition of the equipment.

Yes. On any titled asset (such as trucks, trailers, or heavy machinery), we can provide liquidity by refinancing equipment you already own. This is a great way to unlock working capital (https://www.ilslease.com/working-capital)from your existing fleet to fund new growth or cover operational expenses.

Yes. ILS can refinance existing equipment leases to extend the lease term, consolidate payments, or improve monthly cash flow.

Monthly payments generally begin about 30 days after ILS pays your supplier.

Yes. Deferred or skip-payment options may be available but must be approved and structured before the lease begins.

ILS offers competitive lease pricing that is often more favorable than traditional bank loans. Your monthly payment depends on lease length, equipment cost, equipment type, and the credit profile of the lessee.

Innovative Lease Services owns the equipment during the lease term. The lessee retains use of manufacturer warranties and licenses throughout the lease period.

At lease end, businesses can return the equipment, renew the lease, or purchase the equipment.

No. Equipment leases are binding agreements. Early payoff or purchase options may be available, and discounts may apply in some cases.

Yes. Equipment leases may be transferable with approval, subject to review of the new party’s credit and lease terms.

Innovative Lease Services provides fast, flexible financing with quick approvals, credit-friendly programs, and nationwide service. ILS helps businesses acquire essential equipment while preserving working capital and cash flow. With more than 38 years of experience, you can learn more about our company (https://www.ilslease.com/our-company)and our commitment to helping business owners scale.