Lots of companies want to fund your billboard or digital sign by providing lease financing. The benefits of leasing include 100% financing and sometimes a lack of a personal guarantee.
Billboard financing leases often have three big drawbacks:
(1) You don’t know how much the lease costs. I once had a leasing company tell me “why would I tell my customers how much the lease costs? It will make it harder to get deals.”
(2) A prepayment penalty of 20-30% of the loan amount hidden in a sum of all future payments or yield maintenance clause.
(3) A 5-7 year term which puts too much pressure on your cashflow.
In response to these drawbacks, Billboard Loans has created a billboard financing lease which will run for 7-10 years with no prepayment penalty and complete disclosure of all costs. Call (206-910-1283) or email Dave Westburg ([email protected]) if you would like a lease proposal.
