Frequently Asked Questions

What kind of Equipment can I lease through Caribbean Leasing Company Limited?

Clients can Lease any type of operating Equipment / Machinery they require. (Certain restrictions apply)

Do I have to give a personal guarantee for a Company Lease?

Based on the risk factor of the lease

Is there a maximum or minimum Lease Amount?

The minimum lease is $25,000. There is no maximum ceiling.

Must the Equipment I am leasing be insured?

Yes, the Equipment is insured by Caribbean Leasing Company Limited and the amount is included as part of upfront fees. Annual amounts due thereafter are the responsibility of the Client payable to CLCL

Can I still Lease Equipment if I have already purchased it?

Yes CLCL can purchase Equipment from the Client if it has been recently acquired and is in good condition, this arrangement is known as “ Sale and Lease Back”

Can I finance the remaining balance if I have placed a down payment on the Equipment?

Yes and the equipment will still be owned by CLCL

Do I have to provide collateral?

No. A personal guarantee may be required based on assessment of risk

What are the Shipping arrangements for overseas purchases?

Caribbean Leasing Company Limited pays the Supplier and shipping arrangements are made through a Shipping Company.

What information do I need to submit?

Completed Lease Application Form
Existing businesses must provide Profit & Loss and Balance Sheets for the past 2 – 3 years
Projected Income and Expenditure Statement for the period of the Lease
Company Registration Documents where applicable
Please see List of Application Requirements

Who is responsible for repairs?

The Client

Am I guaranteed to have my Lease approved?

Each situation is unique and subject to an evaluation