A lease is a contractual arrangement in which a leasing company (a Lessor, such as TimePayment) gives a customer (the Lessee) the right to use its equipment for a specified length of time (known as a Lease Term) and specified payment plan (usually monthly).

Depending on the lease structure, at the end of the Lease Term the customer will have the option to purchase, return, or continue to lease the equipment.

Leasing your equipment with TimePayment may be an affordable alternative to a loan.

Many lending institutions have very strict requirements businesses must meet before the bank will extend a loan or line of credit. Bank loans usually require a significant down payment that can range between 10% - 20% of the equipment cost.

With a TimePayment lease our standard program only requires one advance payment and the documentation fee prior to the start of the lease. TimePayment is able to offer financing to more businesses that have yet to establish a strong credit history or have a compromised credit history through our innovative, multilevel financing products.

Yes. We have a nationwide network of TimePayment-authorized equipment vendors across a large range of industries.

We can help you find a reliable equipment vendor for virtually any equipment you need.

Typically customers seeking to finance less than $10,000 will receive a credit decision instantly after submitting your application, or via email confirmation within 2 minutes.

For transactions above $10,000 you will receive a decision within 4 hours.

Your application was not approved because you did not meet our minimum credit guidelines based on the information provided to us during the application process. You may simply need to submit additional documentation to TimePayment for your application to be approved, or you may have the option of adding an additional Personal Guarantor or a cosigner.

Please submit a signed credit application with the additional cosigner or Personal Guarantor to credit@timepayment.com or fax it to 781.994.4775, referencing your original application number, and we will add the information for you.

You can also contact Credit Services at 877-868-3800 x1611 to discuss your specific circumstances with a representative.

We can accept payments in the following ways:

First, you have to create your MyAccount Manager portal login:

Yes. You can make a pre-payment via your MyAccount Manager Portal, by sending a check or money order, or by making a payment over the phone.

To pay off you lease before the contract end date, please contact our Customer Service department for assistance:

You should work directly with your Vendor for equipment servicing issues and warranty discussions.

Your Vendor's contact information is accessible via your MyAccount Manager Portal.

If you’re still not sure how to contact your Vendor, please contact Customer Service and we will provide you with the contact information for your Vendor.

Your Lease Agreement is non-cancelable. As the Lessee, you are responsible for all of the lease payments.

If you wish to pay your balance in full to put an end to your monthly payments, you can buyout the lease early with no penalty. To request a payoff click here.

If you wish to return your equipment prior to the end of the lease term, it is considered a voluntary repossession. You would still be responsible for the remaining lease payments. To arrange for the return of your equipment, please contact TimePayment Customer Service.

If you have an established relationship with a TimePayment Broker or Vendor, you can work with them to submit a new application for equipment financing. You can also apply for financing directly; click here to get started.