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Business equipment leasing and financing.
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Telephone: 888.836.1111    |    Fax: 714.242.1357    |    Email:

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Frequently Asked Questions



LEGAL INFORMATION

FEES AND CHARGES

The information and graphics published on this website ("the Information") do not constitute any contractual or other binding commitment on American Bank Equipment Leasing, Inc. ("ABEL"), or any member of the group of companies of which it forms part, nor shall any such information be construed as and offer or other invitation to purchase or sell goods or services. Any contractual or other binding commitment subsequently entered into with ABEL's standard terms and conditions of trading or such other terms and conditions as are agreed in writing by ABEL.
The information could include technical inaccuracies or typographical errors. ABEL has made reasonable efforts to ensure that the information is accurate at the time of inclusion. However, like any printed material, the information may be out of date at the time of access by the visitor. ABEL shall not be liable for any error or omission in, or any failure to update, such information and any decisions based on the information are the sole responsibility of the visitor. ABEL reserves the right to make changes to this website at any time without notice.
No warranty or representation, express or implied, is given concerning the information and ABEL specifically disclaims any implied warranties or conditions as to title, description, satisfactory quality, fitness for purpose or non-infringement of third party intellectual property rights. In the case of jurisdictions, which restrict the scope of limitation clauses, this limitation shall be applied to the fullest extent permitted by local law. ABEL, and any member of the group of companies of which it forms part, accept no liability, either directly or indirectly, for consequential loss arising from any use of this website, including, without limitation, any loss of profits, business interruption, loss of programs, or other data on information handling systems, or otherwise.
Certain links on this website may lead to other websites over which ABEL has no control. Accordingly, ABEL accepts no liability, either directly or indirectly, for the information contained on such other websites.
Any comments or materials sent to ABEL through this website, including answers to questions or suggestions, shall be deemed to be non - confidential. ABEL has no obligation with respect to such comments or materials and shall be free to reproduce, use or distribute such comments or materials without limitation. Furthermore, ABEL shall have free use of any ideas, concepts, know-how, or techniques contained in such comments or materials.
All information, including any hypertext links is copyright and the property of ABEL. Any visitor to the website is authorized to copy documents or pages published on this website for personal, non-commercial use only. In consideration of this authorization, the visitor agrees that any copies of these documents or pages, which the visitor shall make, shall retain all copyright and other proprietary notices contained herein.
The information is intended for United States of America residents and others who are able to view the information without causing a contravention of any national or local legal or regulatory requirements.

With the exception of the documentation fee and some outside services, the fees below are included in the rate or fee structure of executed leases, loans, and financial services hereinafter referred to as leases. However, these rates and charges are fully applicable in the case of termination, cancellation, or unilateral amendment of the lease and/or lease application by the lessee, including the failure to produce reasonably requested financial information and/or failure to take delivery and acceptance of the equipment prior to the approval expiration. The applicant's signature on the "PROPOSAL", "FEE POLICY", "LEASE APPLICATION", "CLIENT CREDIT INFORMATION", "NON-COMMITMENT LETTER", "TERMS AGREEMENT", or lease or loan documentation constitutes acknowledgment and acceptance of the fees and charges below. In the case of there being a formal written approval and/or executed lease documents and then cancellation or unilateral amendment of the lease by the Lessee/Applicant, ABEL would be entitled to the greater of the above fee calculation or the full expected gross profit or fees had the lessee/applicant performed as agreed plus legal and other costs of collection of the amount due. Attempted fraud or misrepresentation by the Lessee/Applicant would entitle ABEL to the greater of the fee calculation or the full expected profit or fees had the lessee/applicant performed as agreed plus legal and other costs of collection of the amount due.
MINIMUM FOR LEASE APPLICATION $75.00
MINIMUM FOR APPROVAL - 2% OF AMOUNT APPLIED FOR NOT LESS THAN
$300.00
ALL OUTSIDE SERVICES INCURRED ON APPLICANT'S BEHALF
AT COST
LEASE DOCUMENT PREPARATION $175.00
ISSUANCE OF PURCHASE ORDER - 1% OF AMOUNT NOT LESS THAN
$100.00
SUCCESS FEE -
Approval with signed Documents:
Approval under $25,000 5%
Approval of $25,000 - $75,000 3%
Approval greater than $75,000 2%
HOURLY RATE OF ACCOUNT MANAGERS ALLOWING FOR SUPPORT STAFF COSTS
JUNIOR ACCOUNT MANAGER $45.00
SENIOR ACCOUNT MANAGER $95.00
CREDIT AND ADMINISTRATION $35.00
MANAGEMENT $175.00
The above rates and charges are effective 01/04/08 and subject to change without notice.

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