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Experienced and Trusted Professionals. Flexible Financing Solutions.... Baytree Leasing offers it all!
Why
consider Baytree as your Leasing/Financing Company of Choice?
• Our
Financial Strength
Baytree Leasing is a wholly owned subsidiary of Baytree National
Bank and Trust NA. We are one of the few Nationally Chartered Banks
in the United States. We are AAA Rated by Moody’s and possess
the financial strength and resources to accommodate all of your
technology and equipment financing needs.
• Single
Point of Contact
We are not a call center based organization, which is the model
many banks and leasing companies have migrated to. As such, WE DO
NOT have call center representatives. >From your first contact
with us your account is handled by one of our highly experienced
Finance Professionals backed by a well seasoned management and operations
team. Our Finance Professionals pride themselves on many years of
expertise which allows them to structure financing arrangements
around your particular needs. Each of our Finance Professionals
has a minimum of 20+ years in the leasing and finance industry.
• Convenience/Speed/Flexibility
Baytree Healthcare Finance Group has some of the fastest credit
turnaround times in the industry. We will personally take your information
over the phone and render a credit decision within minutes. You
can also use our on-line application as well. Once approved we immediately
e-mail you our one page lease agreement: You sign and simply fax
back to our attention. We then issue your Vendor (s) a purchase
order or pay them when you direct us to do so. We do not need original
lease documents and we usually also pre-approve your organization
for additional credit under our Infinion Credit Line
Program. Once you are set up under Infinion you simply give us a
call with any new equipment acquisitions and documents will be emailed
to you the same day.
• No
Commitment or Application Fees
Many leasing companies and banks charge outrageous commitment and/or
application fees. Sometimes those fees are non refundable. We have
no such fees.
• No
Blanket Liens on your Assets
It is essential that you check lease or finance documents for this
particular clause. This may conflict with banking covenants/arrangements
in place with your primary bank. It may leave your Healthcare Organization
vulnerable at the very least. There isn’t any blanket lien
clause in the Baytree document.
• No
Security Deposits
Security deposits are a common way for a finance source to sell
what is perceived to be lower rates. They may take 2 payments as
a security deposit then bill for payments on the lease or loan.
You may end up paying 38 months on a 36 month contract, 50 months
on a 48 month contract or 62 months on a 60 month contract. We do
not couch rates that are too-good-to-be-true behind added security
deposits .
• No
Quarterly Rent Charges
Quarterly Rent is another way finance sources sell rates that are
too-good-to-be-true. By collecting quarterly payments the finance
source adds greatly to their profitability. Healthcare Organizations
may miss this since the transaction is billed to their accounting
departments. We do not charge quarterly rent unless requested by
our Clients.
• No
Interim Rent Charges
Interim Rent is basically additional full or partial monthly lease
payments charged by financing sources—either linked to Vendor
pre-funding or tied to the installation time period. It is another
revenue producing device that financing sources use to generate
the revenue shortfall created by offering Clients artificially low
rates. Baytree DOES NOT CHARGE INTERIM RENT.
• No
End of Lease Re-Stocking Charges
This requirement is usually imbedded in lease and finance agreements.
The percentage charged varies but can range from 10% or original
equipment cost all the way up to replacement value of the technology
you have leased or financed. It is prevalent on Fair Market Value
and 10% Purchase Option lease structures. It is a way for finance
sources to minimize their residual risk at lease end. Look for lease
or finance agreements that do not have re-stocking charges. It limits
the “return-ability” of the equipment. It can definitely
force a Healthcare Provider to purchase equipment that is in fact
obsolete. Baytree does not have re-stocking charges in any of its
documentation.
• Fixed
Rates for the Lease or Finance Term
Unlike many finance sources Baytree fixes your rates for the entire
lease term. We do not have rate adjustment clauses or other onerous
clauses that may cause your rate to increase.
• 100%
Financing of all Medical and other Equipment
We lease or finance everything form diagnostic imaging equipment
to lasers, x-ray equipment, laboratory equipment, etc. There are
no restrictions on equipment type. We also lease or finance office
technology, and office furniture.
• 100%
Financing of all Software and Soft Costs—no restrictions
At Baytree we have no restrictions on the financing of software
and services. We do not have any pre-set ratios. We of course also
finance any IT hardware you may be acquiring.
• Vendor
Pre-Funding
We can pre-fund your Vendor (s) up to 100% of equipment cost under
our leasing or financing arrangements. We can also provide progress
payments during any specified installation period. Most Vendors
require some type of advance deposit on their equipment or technology
(or services). This can cause a Healthcare Provider to outlay capital
that is usually needed to maintain daily business operations.
• Flexible
Leasing and Financing Programs
As mentioned, we provide all types of lease and finance structures
to our end user Healthcare Clients. The most popular are listed
on our Tailored Lease and Finance Program Page. We structure Operating
Leases, Capital Leases, and Loans. We offer Deferred, Skip, and
Graduated Payment Programs along with sale leaseback arrangements.
• Simple
Documentation
Our Single Page Master Lease and Finance Agreements are written
in plain English. They are some of the most simple documents in
the Healthcare Industry. General Benefits of Leasing and Financing
your Medical Technology and Equipment.
• Generation
of Cash from Equipment Use—Not by Ownership and Conservation
of Working Capital
Leasing allows you to free up capital that can be used in other
areas of your business, rather than paying for equipment and other
technology that rapidly depreciates. Since there is no up-front
cash outlay in our lease or finance agreement immediate positive
cash flow is realized from the use of the equipment rather than
outright ownership. This gives you maximum liquidity which allows
you to use your cash for other useful purposes such as investment
opportunities or funding your pension plan.
• Simplification
of Accounting Procedures
Our 1 Page Master Lease allows for an unlimited amount of lease
schedules to be added. We consolidate all schedules into one convenient
monthly payment, but also breakout each schedule on your monthly
invoice. This enables our Clients to cut one monthly check but also
keep track of what schedules are being paid.
• Tax
Advantages
Depending upon what type of lease or finance agreement you decide
upon there are multiple tax advantages that are applicable. With
Capital Leases you can typically deduct the lease/finance charges
from your taxes and also gain accelerated depreciation (IRS Tax
code Section 179). Operating Leases are typically treated as off
balance sheet financing with monthly payments being fully expensed.
We recommend you check with your CPA regarding tax treatment of
any lease or finance agreement.
• Protection
from Obsolescence
By leasing rather than buying you Healthcare Technology you are
effectively protecting yourself from being burdened with potentially
obsolete equipment 2, 3 or 4 years down the road. When the lease
term expires you have many options with Baytree: return the equipment—with
no penalty, upgrade to new equipment, purchase the equipment for
a fraction of its original cost, or even renew the lease
• Additional
Credit Source
Why not have an additional credit source like Baytree Healthcare
Finance Group? We can supplement your existing Bank relationship
by providing extremely competitive and simple lease financing arrangement.
We do not file blanket liens like most Banks and have no restrictive
lease or loan covenants. Further, you will find that many our lease
structures provide lower rates than most loans.
• Additional
Banking Services
Our unique relationship with our banking parent allows Baytree to
provide several additional financial products and banking services
to our leasing customers including:
- Premium
Financing for Property, Casualty and Malpractice Insurance at
competitive rates and flexible terms
- Working
Capital Lines of Credit
- Commercial
or Residential Construction Loans for new owner occupied or investment
building. We will work project consultants to provide a smooth
process through construction and occupancy.
- Acquisition
Financing for purchase of new or existing practice. We can help
assess the financial health of the business and arrange financing
for the purchase.
- Health
Savings Accounts designed to provide an easy, flexible way to
manage healthcare expenses.
- Cash
Management Services keep day to day financial operations fluid
and productive
- Sweep
Accounts, Remote Deposits, Equity Lines, Internet Banking, Letters
of Credit
• Leasing and Financing available to all Healthcare Organizations
and Professionals
- Cardiology
- Hospitals
- Chiropractic
- Rehab/Physical
Therapy Centers
- Dentistry
- Nursing
and Managed Care Facilities
- Dermatology
- Surgery Centers
- ENT Emergency
and In-patient
- Clinics
- Gastroenterology
- Pharmacies
- General Medicine
- University
Healthcare Schools
- Oncology
- Laboratories
- Ophthalmology
- All other
Healthcare Facilities
- Optometry
- OB/GYN
- Orthopedic
- Physical
Therapy
- Plastic and
Reconstructive Surgery
- Podiatry
- Radiology
- Veterinary
Medicine
- Other Healthcare
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