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Leasing
What are the benefits of leasing?
No Down Payments! Lease 100%
Our leases finance 100% of the cost of the equipment. Plus, you can include “soft” costs in your lease such as shipping, software, training, and installation. Unlike a bank loan, no down payment or compensating balances are required.
Improved Cash Flow, More Working Capital
Cash is not tied up in equipment. Instead, money is available for opportunities such as marketing, working capital, or seasonal cash flow needs.
Preserve Your Credit Lines
Your existing lines of credit and borrowing availability are left untouched and ready to use for operational and short-term financing needs.
Pay Only For What You Use
Monthly payments allow you to use your equipment immediately. And, the new equipment, with its operating efficiencies, pays for itself as you use it... over time.
Eliminate Out-Dated Equipment
Leasing lets you regularly upgrade your equipment to a state-of-the-art level, eliminating the inefficiencies of owning out-dated equipment.
Tax Benefits
Unlike loan payments, lease payments may be fully tax-deductible as an operational expense.
Overcome Budget Limitations
In situations where limited budgets would ordinarily delay or prevent the acquisition of equipment due to a limit on capital expenditures, leasing allows for quick budget approval due to its small monthly expense. A lease can fit the tightest of budgetary constraints. We offer leasing options up to $250,000.00
What Are Your Lease Rates?
Rates are based on equipment type and the credit rating of the individual or business customer. The best way to find out what the rates are going to be for a desired piece of equipment is to contact one of our account managers and submit a quote for the equipment you wish to lease.
What Are The Up-front Costs For A Lease?
Usually, just the first and last monthly lease payment. Unlike a down payment for a purchase, these payments are smaller and are applied to your total lease payments. In addition, a nominal documentation and filing fee is required for processing the lease documents and filing UCC-1 financing statements required in your state. We do not charge an application fee.
What Is The Typical Process For Commercial Equipment Leasing?
You fill out a simple, one-page credit application. In certain instances, other financial information may be required such as tax returns or financial statements. The supplied credit information is reviewed and upon approval, the lease documents are prepared and sent to you for signing. A purchase order is then issued to the equipment vendor. Upon delivery of the equipment and acceptance by you, the equipment is paid for and the lease commences.
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