Who can apply?
If you are a registered health care professional, private health care clinic or other type of health care organization you can lease your purchases valued from $2,000 up to $50,000.

How much are payments?
Payments are spread evenly over 24 months. 
Monthly payments are the equipment purchase value ÷ 24 plus applicable taxes, i.e. GST and PST.

How are payments made?
Payments are by post-dated cheques, supplied annually, in advance.

No Fees
There are no setup, annual assessment or other administrative fees when you lease from Biomation.

No hassles
You can lease from Biomation to finance equipment purchases.  Credit approval is normally within 48 hours.

What's the security?
The equipment you lease is taken as security.  The health care organization and the business owner are named in the lease and are jointly responsible for the lease. You must keep the equipment in a secure location and covered by your insurance in case of loss or damage.

Is interest included?
The amount of interest is reflected in the end of term residual value of 15% which represents the full amount of the interest over the two year term of the lease.

Payments are $10,000 ÷ 24 = $416.67 
+ 5% GST and 8% PST 
= $470.84 per month for 24 months.

Final payment is $10,000 X 15% = $1,500
+ 5% GST and 8% PST 
= $1,695 residual value.

Use your working capital and bank line of credit for other business needs.  There is better cash flow because monthly payments are covered by revenue.

1. Purchase the equipment at the residual value = 15% of the equipment purchase price.
2. Purchase the equipment by making four additional monthly payments.
3. Choose upgraded equipment and negotiate a new lease.
4.  Return the equipment.

Call for a lease application form.
We also have a rent-to-own program.