Equipment Leasing and Financing
Today’s marketplace is highly competitive, fast paced, internet challenged, customer service oriented, and price sensitive.
To achieve success, you need to be able to respond to changes in the marketplace quickly.
Types of Leases We Offer
- Application only to $250,000. NO Financial Statements needed.
- Middle market financing up to $500,000
- Large ticket over $500,000 up to $5,000,000
Approvals for application only in 24 hours or less. Sometimes a few months of bank statements may be necessary.
Up to 84 months to repay with excellent rates. These programs are for companies established for two years or more
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 where we can use 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.
Startup Program
Most financial institutions will not finance companies that are just going into business. If your company has just started in business, or is in business for a short time usually less than two years, we can help you grow by financing the equipment you need to be successful.
For a Start Up excellent credit or an additional co-signer may be necessary.
Here is a possible alternative, Learn More. You can receive up to $150,000 or more in credit lines that could fund your start-up quickly.
B, C and D Credits
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.
Government and Municipal Leasing
We can provide lease financing to any government or municipal entity with guaranteed approval. The rate is determined by the rating of the municipality or government agency. A partial list of who we finance is listed below:
- Federal Government Agencies
- Armed Services
- State Agencies
- Public Schools
- Police and Fire Departments
The above list is only an example of what we can finance. We can finance any state or federally controlled entity.
Why Lease?
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. Let your equipment pay for itself over time. Remember that “Cash is King or Queen”. You always want to keep a surplus of cash, if possible, on hand for emergency uses.
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.
Eliminate obsolescence
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.
Simple Application Process – Quick Approval Decisions
Some of the benefits of our Business Lease include:
- Get approved usually in 24 hours or less
- Get approved even if a startup (need good credit)
- Get approved without financials
- Get approved without good credit
- Purchase more merchandise
- Keep existing lines of credit intact
- Maintain a competitive advantage
- Include delivery and installation costs
- Realize tax advantages
- Simplify accounting
- Save on-hand cash for other business needs
- Bank on low, fixed monthly payments
- Acquire equipment without tying up capital
If it is equipment for your business, almost anything can be leased:
Phone Systems, Computers, Office Equipment, Video Equipment, Photographic Equipment, Medical Equipment, Dental Equipment, Chiropractic Equipment, Office Furniture, Restaurant Equipment, Scientific Equipment, Construction Equipment, Manufacturing Equipment, Air Conditioning Equipment, Welding Equipment, Shelving & Display Cases, TV Studio Equipment, Outdoor/Indoor Signs, Dry Cleaning Machinery, Refrigeration Equipment, Fork Lift Trucks, Farm Machinery, Hoists, Cranes, Tow Trucks, Autos, Industrial Equipment, Communications Equipment, Water Purification Equipment, Recycling Equipment,Lighting Equipment, Hotel Equipment, Theater Projection Equipment, Environmental Equipment, Chemical Handling Equipment, Cement Mixers, Woodworking Equipment, Forestry Equipment,Television & Home Theater Equipment, Power Plant Equipment, Saw Mill Equipment, And The List Goes On…
Programs and service offerings/specifications are subject to change without notice. Please consult with your Advisor for current details. Seek Tax Advice from your Tax Professional.
