Financing & Leasing


IRAY Companies works with a select lender partner, General Financial based out of Orlando Florida. They are here  to offer our customers financing & leasing options for heavy equipment so that you can take advantage of low monthly payments instead of an upfront purchase.


Customers can apply for leasing or financing for Auction purchases as well as purchases off of I.R.A.Y. Equipment Sales!


Instead of sitting in an office to complete endless paperwork to be approved for a loan, with General Financial we offer financing & leasing agreements where you can apply by filling out the applications on our website and then via email or fax.


Before any of our auctions, apply for financing or leasing early to be PRE-APPROVED so that you are all set to go before auction day!


It’s important to have financing options that offer personalized, quick, and easy service and that provide the capital you need to keep your business running smoothly. The financing option has either no residual or a $101 residual, and allows you to depreciate the asset over it’s life.

The many benefits of equipment financing through General Financial include:

  • Easy, Efficient, Flexible Solutions

  • Fast Funding

  • Flexible Payment Terms

  • No Additional Collateral Required

  • Lower Down Payments Compared To Traditional Loans

  • Fixed Payments


Leasing is one of the fastest growing ways of acquiring equipment in business today. Leasing can put the equipment to work for you with real cash flow advantages without using major capital investment. The leasing option has a residual at the end which allows you to expense the payment out on your taxes.

Some of the advantages of equipment leasing as the best option for your business needs include:

  • Save Cash – equipment financing lets you keep your cash for future needs, unexpected expenses, or working capital when revenues are low.

  • Low Down – standard leases require one or two payments in advance so you get immediate use of the equipment and keep your cash available for other opportunities.

  • Better Balance Sheet - operating lease payments are generally a line item overhead expense on your tax statements. Therefore, you are able to pay for the equipment with pre-tax dollars rather than after-tax profits.

  • Leasing keeps equipment – and debt – off your balance sheet.

  • Preserve Business Credit - leasing has no impact on your bank credit lines. Protect your borrowing power for other operational needs.

  • Fixed Payments – lease payments are fixed no matter what happens in the market.

  • Flexible – structure payments around your operation with leasing that allows the revenue generating power of your equipment to cover equipment costs.

  • Section 179 – the IRS allows for certain lease structures to be fully deductible.

Click one of the buttons below, depending on your type of business (Agricultural or Construction/Commercial) to be directed to the application in PDF form. These applications can be used for either financing or leasing options. You can fill it out and fax it to IRAY at 320-968-8075 or email it directly to us at and we will work with General Financial to get your financing or leasing application underway!


Visit our Financing & Leasing FAQ page if you have questions, or you can contact IRAY or General Financial.
To contact IRAY, visit us via our website contact page, email us at, or call us at (320) 968-7230.

To contact General Financial, speak with Alex Arenas directly at (407)-300-6516 or


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I.R.A.Y. Companies

11935 Hwy 95 NE, Foley, MN 56329

Phone: (320) 968-7230

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