Company Information
About Us
We have been servicing SMB market since 1998 and managed to secure additional financing road map for many businesses nationwide. Every business arrives at a point where issues of growth, marketing development, process complexity, financial capital management, or other critical factors demand an injection of outside knowledge or resources to kick-start a new era of performance. Any business not performing to expectations often requires external, independent, subjective attention before a new era can begin. Most businesses we work with have already achieved a level of success weather as a vision or as accomplishment towards a goal. They come to First Option Capital because they know there are greater potentials and strategic attainable solutions that only a professional company like us can offer.
We listen, analyze, strategize and develop a customized road map to achieve your business goals. No project is too small or too large as we manage start-up companies from sole proprietorships to fortune 500 companies. There is a mutual attraction: your business has an objective and First Option Capital has the resources and strategic knowledge to directly address that need and make a positive difference to maximize your value of time along with your return on investment.
First Option Capital can be the catalyst to help your business reach that critical next stage of performance and success in achieving financial resources.
Call 800.603.3945 for a phone consultation on how we can help your business achieve its next stage of success.
Career
As an established firm with nearly two decades of combined experience in the financial service industry, First Option Capital specializes in helping customers make their financing transactions go right the First Time. We’ve worked with all sizes of companies, from a company of one, to large fortune 500 corporations. We pay attention to their needs and strengths to customize the best solution and no transaction is too difficult or impossible to accommodate as we have an array of products that is designed to fit your industry, company and your business need. We have earned a reputation as an exciting company filled with enthusiastic, multi-cultural and experienced employees fueled by success and driven by accomplishment. First Option Capital is continuously searching for qualified candidates to add to its team of successful professionals in various departments and functions.
We offer the following:
- Training and Orientation Program
- Competitive Salary plus Commision
- Paid Vacation and Holiday Benefits
- Opportunity for Advancement and much more
If you are interested please send resumes to info@firstoptioncapital.com
Testimonials
First Option Capital has been a pleasure to work with. We were able to secure a quick approval without a personal guaranty and a very aggressive rate. We will be using them moving forward on all our financing needs
First Option Capital was able to secure fast financing for our startup so that we could get server hardware ordered for our client ASAP. We worked with Brandon – who above being highly professional, gave impartial advice, was attentive, and concierge throughout the whole process. We definitely shopped around, and beyond pricing, First Option was the best choice for our current and future business needs
Frequently Asked Questions
What is a lease/Finance?
A lease is an agreement to pay for the use of equipment for a specific time period for a specified amount. There are a number of advantages to leasing which makes it an attractive option for many businesses.
Shouldn't I own the equipment?
It is the use of equipment that generates profits, not ownership! You also can with a Lease, option to buy at the end of lease.
Who selects the equipment?
Leasing is a practical way to use new equipment and compares favorably with other forms of financing, costing you about the same. That, of course, is no coincidence; the marketplace demands it and leasing rates are set accordingly.
Leasing companies look at what typical bank loan rates are and then factor in your interest deduction and depreciation to arrive at what a loan really costs you; your net after tax cost. They then set their rates to be competitive and work backwards, factoring in the greater deductions offered by the lease, to arrive at lease payments that will give you the same approximate net cost. It’s probably much like you analyze and set your own pricing, you have to be competitive. With 80% of all businesses leasing, it can’t cost much more; and with that size market they don’t need to charge much less.
Anyone who says that leasing always costs more is just as wrong as anyone who says it always costs less. The truth is it costs you about the same to lease equipment as it might to buy it. Businesses lease for cash flow and other reasons as cited above.
Which one costs more?
To accurately answer that question you have to look at your net-after-tax-cost. The “list price” may not tell the whole story. Just like a as a $610 television in an electronics store appears to cost more than the $600 model sitting beside it; if there’s a $10 rebate on it, then its net cost to you is the same. Not looking at the total transaction; the net cost; might “cost” you the choice you really want to make. Comparing leasing and purchasing is very similar.
How is leasing different from borrowing from my bank?
By borrowing from your bank or other sources of credit, you are immediately reducing your line of credit with that source and thereby eliminating the ability to draw from those sources in the future for other business needs. Also, a bank usually requires a 20% – 25% down payment and may even require additional collateral to secure the loan. Leasing provides 100% financing.
Is a down payment required?
A lease is an agreement to pay for the use of equipment for a specific time period for a specified amount. There are a number of advantages to leasing which makes it an attractive option for many businesses.
Are there any additional charges involved in a lease?
No other charges other than only the one time credit and documentation processing fee due at the inception of the lease.
What about taxes and insurance?
Most states charge a sales/use tax on the monthly lease payment amount. This amount will be added to your monthly invoice of the lease payment. In addition, the county charges a personal property tax on the equipment. We will pay this amount for you and bill you for it on an annual or monthly basis.
Can I cancel the lease and return the equipment?
In a word, no. The lease is a non-cancelable agreement for the full term of the lease. However, during the term of the lease should you need to upgrade or add to the equipment, we can structure a new lease for you by paying off the existing lease and structuring a new lease for the total of the payoff and the cost of any new equipment.
What happens to the equipment at the end of the lease?
Depending on the lease structure you choose, you will have the option to either return the equipment or continue the lease at the same monthly rate, or purchase the equipment for either the fair market value or the amount of the purchase option you negotiated at the inception of the lease. (i.e. $1.00 or 10%)
Who is responsible for the maintenance of the equipment?
As the lessee you are responsible to maintain the equipment in good working order and you receive the benefit of all “buyer” warranties.
Isn't leasing complicated?
Not at all. In fact, where a bank or conventional lender would require financial statements and mounds of paperwork, most leases can be approved up to $75,000 with just a credit application.
How do I apply for a lease?
It’s fast and easy! Simply apply on line and submit or print our standard one page lease application, complete it, sign it and fax back to us. Most credit decisions are made within 48 hours of receipt of the credit information.
First Option Capital, Inc.
1 Wrigley
Irvine, CA 92618
(800) 603-3945
We help you implement solutions to Improve Efficiencies and Maximize Profits.