Advances from Financing Companies

3 Months Ended

Mar. 31, 2021

Advances from Financing Companies

Advances from Financing Companies

Note 12. Advances from Financing Companies

The Company utilizes a third-party financing company to provide certain Clients with a rental option. The principal portion of these up-front payments are reported as advances from financing companies in the accompanying consolidated balance sheet. Interest rates applicable to the outstanding advances as of March 31, 2021 ranged from 3.79% to 8.49%.

Client lease payments to third party financing companies will reduce the advances from financing companies as of March 31, 2021 by year as follows (in thousands):

	As of March 31,
	2021
2021	$	10,787
2022		9,624
2023		3,502
2024		185
	$	24,098