Complaint / Review
Citedel Equipment Financing
Adam? Be wary of this company

I sell equipment and many times refer my clients to leasing companies. I have used leasing companies myself before in expanding my own business and I got ripped off once.

I am now more aware of scandalous business practices so consider this just a heads up.

My client found Citadel on his own and submitted an application. He was asked to send a $2500 deposit with his application as a 'good faith' deposit. When he asked me about it I told him NO, do not send money until you get confirmation of a valid lease approval along with a terms sheet.

Asking for $2500 on a $15,000 lease makes no sense anyway! Even if it was a first and last month deposit, that is way too much!

So my client asked for a confirmed letter from the underwriter approving the lease and a terms sheet outlining the payment, the term, and the buyout.