MedWOW / Services / MedWOW's Leasing & Financing Service
 

Leasing & Financing - Benefits for US Customers

MedWOW’s Financing Service Partner Benefits (US Customers)

American customers can choose from 2 types of unique financing services with excellent terms, either Leasing or Letter of Credit.

Leasing Medical Equipment

Medical equipment leasing enables US medical facilities to procure equipment, without having to draw down their current bank credit lines. Our financing partner’s personal service, coupled with convenient online financing tools, provides you with the speed, simplicity and convenience required to make timely and cost-effective medical equipment decisions.

Our specialized leasing offers numerous advantages over other financing methods:

  • Very aggressive rates unavailable anywhere else.
  • Customized solutions. A variety of leasing products are available, allowing you to tailor a program to fit your month-to-month or year-to-year cash flow needs. You are able to customize a program to address your needs and requirements.
  • Speed. Leasing can allow you to respond quickly to new medical equipment opportunities with minimal documentation and red tape. Most of the time we will approve your application within 48 hours and you can have your equipment very quickly.
  • Balance sheet management. Because a medical equipment lease is not considered a long-term debt or liability, it does not appear as debt on your financial statement, thus making you more attractive to traditional lenders when you need them.
  • 100% financing. With leasing, there is very little money down - perhaps only the first and last month’s payment is due at the time of the lease. Since a lease does not require a down payment, it is equivalent to 100% financing. That means that you will have more money to invest in revenue generating activities.
  • Improved Cash Forecasting. The lessee knows the amount and number of lease payments so they can accurately forecast the cash requirements for equipment.
  • Flexible end of term options. Return, renew or purchase the medical equipment you are leasing.
These benefits are only available through MedWOW.

Letter of Credit Program

Letter of Credit allows buyers of medical equipment to receive extended payment terms of 60, 90, 180 days …or even up to 2 or 3 years depending on the transaction size and country of origin for buyer and seller.

Letter of Credit offers many benefits to secure medical equipment transactions:

  • Very aggressive rates unavailable anywhere else.
  • Most secure way of conducting medical equipment trade.
  • Loan obtained through Letter of Credit is US $100,000 minimum invoice amount, with no maximum amount.
  • Seller receives full invoice amount for medical equipment sold, based on the buyer's approval of the received equipment, following inspection. This is a process similar to Escrow and provides additional security.
  • Buyer receives extended payment terms at very low interest rates with no penalty for early payoff.
These benefits are only available through MedWOW.