What is Equipment Leasing?
Equipment leasing is a great way to keep equipment costs low without the need to purchase outright. You can lease almost any kind of equipment, from PCs and printers to trucks, machinery and even full offices. By leasing, you avoid the need to invest your capital and cash flow into equipment while still having full usage of it.
Types of Leases We Offer
We can finance almost any type of business related equipment. Applications for up to $150,000 can receive approval in 24 hours. Middle market and large ticket financing can be as quick as 3-5 days. With little to no money down, your business can get up to 84 months to repay with excellent rates.
Sale & Lease Back
Many companies need working capital for expansion and do not want to use their bank lines for working capital. We have a program that uses the equity in your existing equipment to give your company the working capital it needs. We buy your equipment and lease it back to you and when all the payments are made you own the equipment again.
Most financial institutions will not finance companies that are just going into business. If your company has just started in business, or has been in business for only a short time, usually less than two years, we can help you grow by financing the equipment you need to be successful.
B, C and D Credits (Story Lending)
In these tough economic times many businesses have suffered financially. Additionally, the owners of these companies have seriously damaged their personal credit. We have developed a "second chance" program to help these companies. We can structure your financial needs to help you rebuild your company.
Are you looking to lease new equipment for your business?
Leasing is the right choice!
Leasing is one of the fastest growing ways of acquiring equipment in business today. Recent surveys found that 80% of U.S. businesses, from Fortune 500 to the local family business, lease some portion of their equipment. A growing business often faces the dilemma of limited cash flow and the need to add equipment. Leasing can put the equipment to work for you with real cash flow advantages and without major capital investment. We can lease virtually any type of equipment, including software and installation.
Low monthly payments
The monthly lease payment will usually be lower than the payment required by other methods of financing.
No need to tie up capital
Keep your business' cash for future needs, unexpected expenses or working capital when revenues are low.
You can always lease equipment – you can't lease money!
Most types of financing require down payments of up to 25%, whereas leasing covers 100% of the cost of the equipment. Most leases require only one or two payments in advance. Get immediate use of the equipment with minimal up-front cost.
Preserve existing lines of credit
Leasing has no impact on your bank credit lines. Protect your borrowing power for other business needs or opportunities.
Technology is changing at a rapid fire pace. What meets your business' needs today may be obsolete three years from now. Leasing allows you the flexibility to maintain a competitive edge by giving you today's best technology then allowing you to upgrade when the equipment has outlived its advantage.
Fixed payments through the term of the lease
Unlike bank lines of credit that usually have variable rates, lease payments are fixed no matter what happens in the market. By choosing to lease you won't be a victim of skyrocketing interest rates. Remember the 80's when rates rose from 9% to over 20% in one year? That can't happen with leasing.
Significant tax and accounting advantages
Leasing eliminates the need for complicated depreciation schedules since lease payments are generally line-item expenses on your P&L statement. And since lease payments can usually be treated as a pre-tax business expense you may even reduce your taxes. Paying cash for equipment automatically adds 30-40% to the cost when you realize that cash = profits, and taxes are paid on profits. Leasing is the right choice! It minimizes demands on cash flow, eliminates obsolescence, keeps your bank lines open, saves on taxes and shelters you from the market.
Equipment leasing can have significant benefits for your company and its future earning potential. Get started today by contacting us.