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FAQs

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General Questions
What are your hours of operation?
Meridian's standard business hours are 8:00a.m. to 5:00p.m., Monday through Friday. We observe the same holidays as the Federal Government. We also observe the Federal Government's inclement weather policy.

What forms of payment do you accept?
We accept checks, electronic fund transfers, and credit card payments. Our standard payment terms are NET30.

What employment opportunities does Meridian offer?
Meridian's performance-based work environment offers opportunities for advancement and professional growth. We accept résumés and keep them on file for position openings. Due to the volume of résumés received, prospective candidates will only be notified if they have been selected to participate in the interview process.
Financing/Leasing Questions

Why should I consider leasing? [return to top]
 Leasing provides financial flexibility, helps you meet changing technology needs quickly and easily, and may offer tax advantages, too. Equipment leasing is a powerful tool that saves you time and money and helps you gain the competitive edge. Today, more than 80% of all U.S. corporations lease some or all of their equipment.

+ Use the newest equipment available for your industry
+ Upgrade or add-on as your business needs change
+ Eliminate worries about technological obsolescence
+ Avoid down payments and conserve your cash flow with 100% financing
+ Structure payments to match your business' income stream
+ Preserve existing credit lines

Lease payments are based on the dollar's current value. These payments remain constant regardless of the future effect inflation has on currency value. Unlike bank lines of credit with variable rates, lease payments are fixed regardless of what happens to the market tomorrow making it easier to budget and forecast. You can acquire today's equipment with tomorrow's dollars.

Are there tax benefits to leasing? [return to top]
The IRS does not consider an operating lease or a true lease to be a purchase, but rather a tax-deductible overhead expense. Therefore, you can deduct the lease payments from your corporate income. In addition, companies can benefit from the immediate write-off of the dollars spent. Therefore, the equipment does not have to be depreciated over five to seven years. It is recommended that you consult with your tax advisor for the specific application to your business.

What types of leases are there? [return to top]
These are our most often used leases for most customers. They range from 12 to 60 month transactions (with $1.00, 10%, or Fair Market Value (FMV) leases.

What are the differences between a lease and a loan? [return to top]

+ Loan: A loan requires the end user to invest a down payment in the equipment. The loan finances the remaining amount.

+ Lease: A lease requires no down payment and finances only the value of the equipment expected to be depleted during the lease term. The lessee usually has an option to buy the equipment for its remaining value at lease end. By signing the lease, the lessee assigns his or her purchase rights to the lessor, who already owns or who then buys the equipment as specified by the lessee. When the equipment is delivered, the lessee formally accepts it and makes sure it meets all specifications. The lessor pays for the equipment and the lease takes effect.

Who can lease equipment? [return to top]
Any company, organization or association and all municipal, state and government agencies can apply for leasing.

Do I need to have insurance on leased equipment?  [return to top]
Yes. Insurance is required on all leased equipment. Insurance protection can sometimes be included with your lease for a nominal fee.

What are my options at the end of the lease?  [return to top]
You have the option of purchasing the equipment, continuing to lease, or returning the equipment to the leasing company.