Financing For Your Business - Benefits

You rely on equipment every day to operate and grow your business. Leasing may offer advantages over other financing methods:

Retain Capital Strength:
Obtain the equipment you need today with a payment structure that works for you and your business. This allows you to reserve your capital for other day-to-day expenses. Because a lease is not considered a long-term debt or liability, it does not appear as debt on your financial statement, making you more attractive to traditional lenders when you need them.

Speed:
Leasing allows you to respond quickly as your need for equipment and technology arises. You can be approved for financing very fast with minimal documentation.

Flexibility:
As your business grows and your needs change, you can add to or upgrade your lease through add-on leases or master leases. If you anticipate growth, be sure to include that option when you structure your lease program. You also have the option to include installation and maintenance service.

Avoid obsolescence:
Leasing is an extremely attractive option for all your equipment purchases because enhancements in technology happen quickly. With a lease, your risk of getting caught with obsolete technology is lowered because you can include upgrades and add-ons in the lease.

Customized solutions:
Leasing allows you to structure a financing program that addresses your key business issues, including: cash flow, budget, transaction, and cyclical fluctuations. For example, some businesses request seasonal leases, which allow them to schedule their payments during their busiest months allowing them to better align their expenses and revenues on a monthly basis.

Tax advantages:
Lease payments are tax deductible (up to $112,000 in 2007 alone). The IRS does not consider an operating lease to be a purchase, but rather a tax-deductible overhead expense. Therefore, you may be able to deduct the lease payments from your corporate income. Consult your tax advisor about your specific situation.

Asset management:
A lease provides the use of equipment for specific periods of time at fixed payments. It assumes and manages the risk of equipment ownership.

100% Finance Programs:
Finance 100% of any capital purchase, including soft costs like training, maintenance, installation and taxes.

Flex-Pay Structures:
Businesses can request to make seasonal payments which allows them to schedule payments during their busiest months. Business owners can also choice to defer payments for up to 90 days after purchasing the lease. These payment options help maintain constant cash flow and balance out the monthly revenue with the expense of a leasing purchase.

Master Lease Programs:
Get approved for financing up front and then continuously use that approval to lease multiple pieces of equipment or technology over time. Each time you need additional financing there will be a credit review, but minimal documentation is necessary.