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Arena Finance Leasing Program FAQs
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| What products can be leased? |
We have relationships with many different companies and many different products can be leased. Visit our What Can Be Leased page to see a list of some of the most common products. If you are not sure if we can address your needs, please contact us.
| What types of leases do you offer? |
Our primary leasing program offers a financing/capital lease where the lessee enters in an agreement and is able to obtain the products needed to upgrade and enhance their facility. With this type of lease, the lessee is able to make payments on the product over a specified period of time and ownership is transferred to the lessee at the end of the lease period. During the leasing period, the lessee is also able to take advantage of the tax advantages associated with the depreciation of the product. In certain situations, operating leases are also available. Please contact us to discuss what program is right for your facility.
| What interest rates do you offer? |
The interest rates generally range from 7 – 9% APR, but are ultimately based on credit worthiness.
| Are there other hidden costs? |
No, our programs include only nominal loan processing and filing fees.
| What type of collateral is required? |
In most programs, the product itself is the collateral.
| Do I have to personally guarantee the lease? |
In all cases guarantees are required. Personal guarantees may be required in addition to corporate guarantees.
| What financial information is needed to complete the application? |
For existing ice rinks, tax returns or audited financial statements for the previous two years are required. In addition, interim financial statements are required.
| I am a new facility or have just acquired a facility and do not have history for the past two years. Am I still eligible for the program? |
Absolutely! Please contact us to discuss your specific situation.
| My facility is owned by the local municipality. Am I still eligible for your programs? |
Yes. We can service the needs of all facilities, regardless of the type of ownership.
| How long is your typical lease program? |
Lease programs range from 24 to 72 months.
| Why should I lease with Arena Finance? |
As the foremost experts in the industry, we have exclusive relationships with many of the industry leaders. In addition, Arena Finance can address all of your facility needs and offer a true turnkey solution, thus eliminating many of the problems associated with financing and facility upgrades. Please contact us to discuss all of the other solutions Arena Finance and it’s partners can offer.
| What happens at the end of the lease term? |
In our standard financing lease program, the product is yours and you have full ownership rights.
| How long does the application process take? |
After the complete financial information has been submitted, we will respond within 72 hours.
| Where can I get an application? |
Online applications are available on our downloads page.
