“Paying cash for equipment that will be used for years is like paying an employee for years of service in advance. Financing your equipment is like hiring an employee. You pay employees wages for work produced during a given month. Equipment Financing provides the same option by letting you pay for the use of a product as it produces over time. Invest your cash in items that appreciate – Finance ANY asset that depreciates.”
- Application only (NO FINANCIALS) $3,000 to $125,000
- Financing up to $5,000,000
- Start-ups & new businesses OK to $80,000
- Same day approval
- Consumer program (NO BUSINESS REQUIRED) available to $25,000
- Flexible terms & options
- Wide credit window (A to D credit OK)
Equipment Financing & Leasing offers numerous advantages over other financing methods. Invest your cash in items that appreciate, finance anything that depreciates: It’s not a coincidence over 82% of all businesses lease and/or finance capital equipment – cash flow creates profitability and net new revenue opportunities. Conserve your cash anytime you have the opportunity to do so.
Purchase the equipment and technology you need today while spreading your payments affordably across time. This allows you to reserve your capital for other day-to-day expenses. Because a lease is not considered a long-term debt or liability, it does not appear as debt on your financial statement, making you more attractive to future lenders when you need them.
Leasing allows you to respond quickly as your need for equipment and technology arises. You can be approved for financing within hours through minimal documentation and you can have the equipment you need in operation and producing profits for your business, quickly and without hassles.
No down payments are required and soft costs such as freight, installation, and tax can be included in your lease & finance agreement.
As your business grows and your needs change, you can add to or upgrade your lease at any point through add-on leases or master leases. If you anticipate growth, be sure to let us know so we can help provide the best option to match your anticipated financing needs.
Leasing is an extremely attractive option for all your computer hardware and software purchases because technology becomes outdated very quickly. With a lease, your risk of getting caught with obsolete technology is lower because you can build upgrades and add-ons into the lease.
Leasing keeps lines of credit open to finance other strategic business opportunities or address emergencies. Leasing will also diversify your credit history without reporting to personal credit bureaus on the principal(s) of your company.
Write off up to $112,000 on your 2007 taxes. The IRS does not consider an operating lease to be a purchase, but rather a tax-deductible overhead expense. Therefore, you can deduct the lease payments from your corporate income. Consult your tax advisor about your specific situation.
A lease provides the use of equipment for specific periods of time at fixed payments. It assumes and manages the risk of equipment ownership.
Equipment Financing & Leasing allows you to structure a financing program that addresses your key business issues, including: cash flow, budget, transaction, cost of ownership, and cyclical fluctuations. Here are some examples to maximize your situation for optimal results:
The most common plan utilized in equipment financing, the Monthly Plan is defined by equal, fixed payments that are made on a monthly basis over the term of the lease/finance agreement.
If your preference is to make quarterly payments, we can structure your lease in a manner that will allow you to make payments every three months.
For those looking for an instant boost with cash flow during the initial acquisition & ramp up of equipment, this could be an excellent option to consider. We can offer deferred payments or minimal contact payments during the 1st several months of your term, allowing you financial breathing room, while you implement your new equipment into your business plan & operation.
For our preferred clients that experience predictable cash flow fluctuations due to seasonal business cycles, the Seasonal Plan option will allow you to structure your term in a manner that matches level of your payment obligations with the revenues generated from the equipment.
The Step Plan Option is a popular structure, as it effectively reduces the overall cost of equipment by implementing aggressive payments in the beginning of the term, with the payment reducing over the life of lease/finance agreement. This is a popular choice as it increase's your potential tax deduction in the beginning of the finance term (thus reducing adjusted gross income of the business) and a lower cost of ownership, while retaining normal financing benefits.
