Financial Matters
In order to assist our customers with the purchase of an AmeriShade canopy, we have developed a number of financing alternatives for their use. They include
- Staged Payment Plans
- Lease Financing
- Partnerships
Staged Payments. With appropriate credit, we are happy to arrange payment terms to your needs. If you are interested in arranging a payment plan, please advise your Customer Representative before signing a purchase contract. Our standard terms, unless prior arrangements have been agreed to, require a 50% down payment of the contract amount at the time of contract signing and the remaining 50% within ten (10) days of completion and acceptance of the work.
Lease Financing. We provide our customers a financing option through one of Oklahoma's largest state-chartered banks (the "Bank") with more than 100 service locations in 43 communities across Oklahoma. It offers a variety of lease options to finance the construction of your new canopy structures. The advantages of leasing include:
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Up to 100% financing of the equipment cost, plus additional soft costs. This preserves your working capital and keeps your line of credit open.
- Lease terms generally between 1-5 years. Special lease terms may include a seasonal, semi-annual or annual payment plans.
- $1.00 purchase option at the end of the lease.
- No prepayment penalties.
- Note: AmeriShade offers this lease financing option as a courtesy to our customers. We are not affiliated with the Bank in any way and do not participate in the decision to provide or not provide financing to any of our customers. That decision will be made solely by the Bank.
Partnership Program for Commercial Parking Operations. Essentially, the Program is designed to allow a parking lot owner/operator to add covered parking to his facility with little or no out-of-pocket, up front cost. AmeriShade will design and build the structures for a negotiated percentage of the increased fees charged by owners as a result of the amenity. The greater of those fees or an agreed-to minimum annual charge will be due monthly. The term of each agreement will also be negotiated (e.g., 3, 5, 7 or 10 years). At the end of the term, the owner will have no further obligation to AmeriShade. Covered parking is an attractive amenity and will increase overall revenues of any commercial parking operation. Covered space in a commercial area sells for a premium of $2 to $5 per day over a bare parking slot.
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Airplane Canopies