Equipment Leasing
Equipment Lease Types
- We only provide applications up to $250,000.
- Financial statements are not required.
- Finance from the middle market up to $500,000.
- Over $500,000 for a large ticket
Applications are only approved within a day. Large and middle-market tickets often take three to five days. Repayment terms of up to 84 months at competitive interest rates. Companies that have been in business for two years or longer are eligible for these programmes.
Sale and Return of Lease
Many businesses are not willing to use their bank lines to obtain working capital, even when they need it for expansion. Through one of our programs, we can provide your business with the working capital it requires by using the equity in your current equipment. We purchase your equipment, lease it back to you, and then you own it once all payments have been made.
Launch Programme
Companies that are just starting out are typically not eligible for financing from financial institutions. We can help you expand by financing the equipment you need to succeed if your firm is new or has only been operating for a short period of time—typically less than two years.
Credits B, C, and D
Many firms have struggled financially during these difficult economic times. Their own credit has also been severely harmed by the owners of these businesses. To assist these businesses, we have created a “second chance” initiative. To assist you in rebuilding your business, we can arrange your financial requirements.
Municipal and Government Leasing
With assured permission, we can offer lease financing to any municipal or governmental organisation. The municipality’s or government agency’s rating determines the rate. Below is a partial list of the people we finance:
- Agencies of the Federal Government
- Military Services
- Governmental Organisations
- Public Educational Institutions
- Fire Houses and Police Department Libraries
The list above is merely an illustration of what we are able to finance. Any state or federally controlled organisation may be financed by us.
To discuss your unique needs and how we can set up the funding your business needs, please get in touch with one of our financial consultants.
Why Take Out a Lease?
The best option is to lease!
One of the methods of purchasing equipment for businesses nowadays that is expanding the fastest is leasing. According to recent surveys, 80% of American companies—from Fortune 500 companies to small family businesses—lease some of their equipment. The challenge of restricted cash flow and the requirement to increase equipment is one that a developing organisation frequently faces. With leasing, you can utilise the equipment without having to make a significant financial commitment and with actual cash flow benefits. Almost every kind of equipment, including software and installation, is available for leasing.
Minimal monthly installments
Generally speaking, the monthly lease payment will be less than what alternative financing options demand.
No need to commit funds
Save your company’s funds for unforeseen costs, future requirements, or working capital during periods of low sales.
You can’t lease money, but you can always lease equipment!
While leasing covers the entire cost of the equipment, most forms of financing require down payments of up to 25%. The majority of leases simply demand one or two upfront payments. Utilise the equipment right away for a small upfront investment.
Keep your current credit lines open.
Your bank credit lines are unaffected by leasing. Preserve your borrowing capacity for upcoming company possibilities or demands.
Do away with obsolescence
Technology is evolving at a breakneck speed. In three years, what satisfied the needs of your company now might not be relevant. Leasing gives you access to the newest technology available and lets you upgrade when the equipment’s usefulness has diminished, giving you the flexibility to keep a competitive edge.
Recurring payments during the duration of the lease
Lease payments are set regardless of market conditions, in contrast to bank lines of credit, which typically have fluctuating rates. You will avoid falling victim to soaring interest rates if you decide to lease. Do you recall the 1980s, when rates increased from 9% to more than 20% in a single year? With leasing, that is not possible.
Considerable benefits in accounting and taxes
Since lease payments are typically shown as line item expenses on your P&L statement, leasing removes the need for intricate depreciation schedules. Additionally, you may be able to lower your taxes because leasing payments are typically considered pre-tax company expenses. When you consider that cash equals earnings and taxes are paid on profits, paying cash for equipment immediately raises the cost by 30% to 40%. The best option is to lease! It keeps your bank lines open, reduces cash flow demands, gets rid of obsolescence, saves taxes, and protects you from the market.
