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Financing
Leasing provides lease and finance programs for almost all types of equipment, including software and specialized industry specific equipment. Leasing is the smart way for a company to add income-producing equipment and upgrade technology because it allows capital expenditures to be spread across time with monthly payments.
Leasing frees up capital for other business uses, offers potential tax savings and builds-in computer and software related upgrades in the future. Learn more about the advantages of leasing for your business by contacting us today.
Types of Leasing Programs
We strive to offer a diverse menu of lease and finance options while maintaining the simplicity of the program. Please let us know if there is a particular financing requirement or if we may answer questions about our current offerings.
True Lease Structure
Our Fair Market Value or 10% “true lease” has the residual option at the end of the term. This might be especially useful for a customer who is looking to rotate their technology every three years. Or, it might be useful for a customer who does not qualify for the Section 179 deduction.
Finance Lease Structure
Typically, the lease with a $1.00 purchase option at the end of the term would be considered a Finance Lease. This structure is more popular with “software only” transactions or deals that have heavier implementation and installation costs. This structure may be tax deductible all in one year under the Section 179 rule.
Equipment Finance Agreement
For those who prefer to own their equipment outright and just finance, we are able to accommodate. This may be useful for sale leaseback or private party equipment sales. This may also be deductible under Section 179. Our documentation is simple and language is easy to read and understand.
Technology Wrap Lease
Our Wrap Lease product has always been popular for those who want to maintain their technology before a lease term ends. This unique program allows for upgrades with no additional money down.
Tailored Lease Programs
We offer a broad range of competitive and flexible equipment lease programs. Each one of the following programs can be tailored to the needs of your business. From competitive rates to quick and efficient approval, we would appreciate the opportunity to establish a relationship with your firm.
Small Ticket Lease Transactions
- All we require is a credit application to $75,000.00.
- Under certain situations, we can extend credit with just an application to $150,000.00.
- We can design a lease with delay or skip payments for cash flow fluctuations.
- Documentation is fast and simple and we can generally email the same day.
- Your vendor is paid promptly and their deposit requirements can be easily incorporated into the lease documentation.
Large Ticket Lease Transactions
- Above $75,000.00, we appreciate one year of financial information along with a current year-to-date results.
- Above $150,000.00, we generally ask for two years of information plus current year-to-date results.
- Each transaction is evaluated to determine if information is necessary from the principals of a business.
- Special structures are always available for unusual delivery or implementation requirements.
Our lease approvals may extend a Line of Credit that could be utilized for future equipment needs. Processing additional equipment is made easy with our Master Lease format.
We can create a custom lease program for your business.
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