Quick and Easy Equipment Leasing with RBC | Royal Bank

Hassle free equipment leasing option now available to members through RBC | Royal Bank

Program Background
Specialized equipment lease program created to support CNLA members in Canada for the
acquisition of industry related equipment.
Program Features

• Low fixed interest rate on lease payment at 6.99% under $10,000 and 5.99% over $10,000.
• 100% financing can include training, fabrication and shipping
• No maximum lease size. Minimum transaction size is $1,000 O.A.C.
• Choice of 12 to 60 month terms, fully-amortizing in equal, monthly payments.
• Full payment to authorized vendors upon confirmation of delivery.

Benefits of Leasing:

Capital Conservation: Leasing conserves working capital; allowing funds to be allocated for other
purposes. In addition, with a lease, Sales Tax and other taxes are not paid
up front at the time an asset is acquired; but are remitted with the monthly
payments over the term of the lease.

Total Solution: Businesses can obtain virtually all types of equipment through leasing.

Tax Effective: Leasing may provide certain tax benefits for a business. Please consult your
tax advisor for advice on the potential tax benefits of leasing.

Convenience: Simplified documentation and application process, same day credit
decisions

Application Process: Member can fax or email the completed application form to RCAP -