We can finance almost any type of business related equipment
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.
Equipment Financing Agreement (EFA)
With an Equipment Finance Agreement, equipment value is defined at the beginning of the lease; at lease termination there are no surprises, and no unanticipated tax liability
$1 Buy-out Lease
With a Capital Lease, also known as a $1 Buyout Lease, the business essentially “owns” the equipment, and holds the equipment. As with a FMV lease, a $1 Buyout Lease allows the business to secure the equipment they need without having a large upfront outlay of cash. But with a $1 Buyout the business owns the equipment at lease end. It’s a good option for equipment that you’ll need to use for a long period of time, that holds a high residual value, or that you’d like to own but are deterred by a high purchase price. At lease-end you “purchase” the equipment for $1.
Fair Market Value Lease (FMV)
An Operating Lease, or Fair Market Value Lease (FMV) allows the business to pay for equipment only during the period of use, rather than owning the equipment. It’s a good option for equipment that holds a high residual value, or for equipment that’s only needed for short-term or seasonal use. Because you only pay for the value of the usage-term, you don’t have to be concerned with holding obsolete equipment at the end of the contract. At lease-end the equipment is either returned or purchased at the fair market value rate.
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 Credit
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.
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.
Eliminate obsolescence – 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