Types of Financing
Types of Leases We Offer
- Application only to $75,000. No financial statements necessary.
- Middle market financing up to $500,000
- Large ticket over $500,000
Approvals for application only in 24 hours. Middle market and large ticket
usually take 3-5 days. 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.
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.
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 Department
- Fire Houses
The above list is only an example of what we can finance. We can finance any
state or federally controlled entity.
Please contact us so one of our finance specialists
can contact you to discuss your specific needs and how we can arrange the financing
your company requires.
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 leasing 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
Click here for more information