Equipment Leasing
Types of Leases Available
Lease Option 1
Application limited to $250,000.
Financial statements are not required.
Lease Option 2
Financing options for the middle market available up to $500,000.
Application approvals are granted within just 24 hours. For middle market and larger transactions, the process typically requires 3 to 5 days. Repayment terms extend up to 84 months, featuring competitive rates. These programs are available to businesses that have been operating for a minimum of two years.
Lease Option 3
High-value transaction exceeding $500,000
Sale & Lease Back
Numerous businesses require working capital for growth but prefer not to utilize their bank lines for this purpose. Our program allows us to leverage the equity in your current equipment to provide the necessary working capital for your company. We purchase your equipment and then lease it back to you, enabling you to regain ownership of the equipment once all payments have been completed.
Startup Program
Many financial institutions are reluctant to provide funding to newly established companies. If your business has recently launched or has been operating for less than two years, we can assist you in expanding by financing the necessary equipment for your success.
B, C and D Credits
In the current challenging economic climate, numerous businesses have experienced significant financial difficulties. Furthermore, the proprietors of these enterprises have often faced severe repercussions on their personal credit. To address this issue, we have created a "second chance" program designed to assist these businesses. We can tailor financial solutions to support the revitalization of your company.
Government and Municipal Leasing
We offer lease financing to all government or municipal entities with assured approval. The interest rate is based on the credit rating of the respective municipality or government agency. Below is a partial list of the entities we finance:
Federal Government Agencies
Armed Forces
State Agencies
Public Educational Institutions
Police Departments
Fire Stations
Libraries
Benefits of leasing
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Leasing has emerged as one of the most rapidly expanding methods for businesses to obtain equipment. Recent studies indicate that 80% of companies in the United States, ranging from Fortune 500 firms to small family-owned enterprises, engage in leasing some of their equipment. As businesses grow, they frequently encounter the challenge of constrained cash flow while needing to acquire additional equipment. Leasing allows businesses to utilize equipment effectively, offering significant cash flow benefits without the necessity for substantial capital outlay. We are capable of leasing nearly any kind of equipment, encompassing software and installation services.
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In contrast to bank lines of credit, which typically feature variable interest rates, lease payments remain constant regardless of market fluctuations. Opting for a lease protects you from the impact of soaring interest rates. Recall the 1980s, when rates surged from 9% to more than 20% within a single year? Such a scenario is not applicable to leasing agreements.
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The monthly rental fee is typically less than the payments associated with alternative financing options.
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Preserve your business's cash reserves for future requirements, unforeseen costs, or working capital during periods of low revenue.
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Many financing options necessitate down payments that can reach as high as 25%, while leasing provides full coverage of the equipment's cost. Typically, leases demand only one or two payments upfront. This allows for immediate access to the equipment with minimal initial expenditure.
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Leasing does not affect your bank credit lines. Safeguard your borrowing capacity for additional business requirements or opportunities.
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The pace of technological advancement is accelerating swiftly. What fulfills your business requirements today could become outdated within three years. Leasing provides the flexibility necessary to sustain a competitive advantage by equipping you with the latest technology and enabling you to upgrade once the equipment no longer offers a significant benefit.
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Leasing simplifies financial management by removing the necessity for intricate depreciation schedules, as lease payments are typically recorded as direct expenses on your profit and loss statement. Additionally, since these payments can often be classified as pre-tax business expenses, they may help lower your tax liability. In contrast, purchasing equipment outright can increase costs by 30-40%, considering that cash represents profits, which are subject to taxation. Therefore, leasing is an advantageous option. It reduces cash flow pressures, mitigates the risk of obsolescence, preserves your credit lines, offers tax savings, and provides protection from market fluctuations.