Equipment Leasing
The Advantages are Clear
90-Day No Payment Program
Secure financing for purchases over $5,000 with the same easy approval process. 90 day no payment financing allows you to upgrade now, and realize increased sales and profits prior to receiving your first invoice.
The Payments are Affordable
Choose from a variety of payment terms to ensure the best fit for your business. Terms range from 12 to 60 months. We also offer Variable Payments* that can be matched to seasonal cash flow variations and other budget limitations.
It's 100% Tax Deductible
IRS Tax Codes allows your business to deduct the full purchase price for the equipment you finance as you pay for it! You essentially get to deduct 100% of the equipment costs*!
Get More for Your Money
Leasing your equipment minimizes upfront costs and allows you to earn profits from your new equipment faster.
Keep Lines of Credit Open
Keep potential lines of credit open for financial emergencies and use leasing to help build your business credentials with any bank.
Avoid Bank Restrictions
Leases do not include blanket liens, restrictive covenants, rate escalator clauses, "call anytime" provisions, compensating balance requirements, or many of the other surprises related to traditional lending arrangements.
Financial Reporting Advantages
We can structure leases to meet FASB requirements for "off balance sheet" accounting.
ADVANTAGES | LEASE | BANK LOAN |
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Can I get approved now without extensive financing statements? | ||
Can I take advantage of tax benefits and deduct payments? | ||
Can I defer payments until the equipment is installed correctly? | ||
Can I avoid financial reporting? | No, Shows Debt on Balance Sheet |
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Can I have no cash outlay or down payment? | No, Banks Require a Down Payment |
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Can I match monthly payments to current cash flow requirements? | ||
Can I buy equipment quickly? | ||
Can I purchase used equipment? | ||
Do I have ownership options at the end of the term? | ||
Can I get approved with a low credit score? | ||
Can I get approved with a bankruptcy? | ||
Can I get my startup approved for financing? |