What's the difference between a lease and standard financing?
Not much. Both allow you to pay for or use equipment by making a monthly payment. The main difference is ownership. With leasing you are making a monthly payment to use the equipment. You'll typically find more favorable and flexible structures with leasing as opposed to standard financing.
What type of upfront investment is required?
Most companies require two payments in advance.
What happens at the end of the lease?
Depending upon the structure of the lease you will normally be able to purchase the equipment for a pre-determined amount or return it to the Lessor.
Are there tax advantages to leasing?
In many cases there may be depending upon the structure of the lease. Several of our financing options allow you to deduct your monthly payments as an operating expense. Moreover, Business Equipment Financing may help your business avoid the Alternative Minimum Tax (AMT) or qualify for tax benefits under Section 179 (consult your tax advisor).
What terms are available to me when leasing?
Depending upon the equipment being leased terms can range from 12 to 72 months. We can also structure the lease to best fit your cash flow requirements by designing a payment plan that can include skip payments or seasonal adjustments.
What Equipment Can Be Financed?
Your business can acquire just about any type of equipment needed that relates to your industry. Equipment can be new or used, originate from a vendor or private party. Credit drives a transaction which means if you have great credit there is a chance we will be able to finance or lease it for you even if the equipment is restricted.
Why do I have to give a personal guarantee for a company lease?
Any closely held corporation requires personal guaranties because it shows your commitment to the sustainability and success or your business. Banks feel that if you will not stand behind your investment 100%, they should not either. |
