Types of Financing
Types of Leases We Offer
- Application only to $250,000. No financial statements
- Middle market financing up to $500,000
- Large ticket over $500,000
Approvals for application in only 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
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
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 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
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
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
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