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LEASING
Here are 7 reasons why you may want to lease.
1. Leasing, overcomes budget limitations and permits business expansion and
modernization when you need it.
2. Leasing, beats inflation by fixing equipment cost at today's prices.
3. Leasing, preserves your bank line of credit because a lease is off the books
financing.
4. Leasing, Provides you with some of the best tax benefits. (Please consult a
professional accountant)
5. Leasing, Allows 100% financing (Help keep more cash in your business).
6. Leasing, provides equipment acquisition and working capital from $2,000 to
$20MIL with approvals from 25-30K with only an application submission.
7. Leasing, Is fast and easy - In most cases 48 hour credit approval.
There are two main types of leases offered. A FMV or *(True
Lease) and a a purchase option. There are important differences. Here is a quick
sample on how Leasing Works. In a true lease, the lender will buy the equipment
and lease it to you for a specific monthly payment and term desired. You choose
your equipment and negotiate the price. At the end of the lease, you choose one
of the following options.
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Buy the equipment at fair market value (usually 10%
or negotiated value of the original equipment cost).
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Continue to lease the equipment at a determined
monthly rate.
-
Return the equipment and lease new modern up to date
equipment or simply return it with no further obligations. You are not
obligated to make this decision until the end of the lease term.
*A true lease is an IRS term that allows for the lease to be structured so your
payment can be fully written off as an expense. Any option to purchase the
equipment must be declared at Fair Market Value at the lease end.
Other leases may provide for $1.00 buyouts, etc., but are not permitted to be
given the favored status of a true lease. Please consult a professional
accountant to see what option is best for you
Can Anyone Lease?
No, Leasing isn't for everyone. Our market is strictly commercial business only,
where the customer looking for personal or household use is not eligible with
us.
Who is best suited for Leasing?
Businesses, industrial and construction firms, medical organizations,
governmental entities, nonprofit organizations, and associations of all sizes.
Can a self employed person qualify for a Lease?
Yes, professional people and small business owners may apply for lease credit.
What Has Made Leasing So Popular In Today's Marketplace?
Leasing has always been a practical way for businesses to acquire equipment. The
new tax laws, which altered the previous cash advantages, now opens the door to
even greater advantages.
I Am New In Business And Would Like To Lease, Can I?
Any business less than two years is considered "new" by the leasing industry. We
may have a way to get you a lease, or other types of financing
How Long Does It Take To Get The Application Approved?
Generally, 24-48 hours. Sometimes we will require additional information to
complete a credit file, but with all information received, the application
decision is usually made in 24-48 hours or less depending on each transaction.
Can I get the Equity out of my existing equipment?
We can assist you with equipment refinancing (Sale Leaseback). The "Sale
Leaseback" is one of the most effective ways for you to cash in on the equity
that you hold in your equipment. Most business people have equipment in their
business that is unencumbered meaning it's paid for and you have equity in it.
Now, how do we get our equity out?
It's very simple, Asset Based Funding has developed a network
of funding sources and vendors over the past dozen or so years that will advance
cash for the equity you have in your equipment. You could be sitting on $20,000,
$50,000 or even a $100,000.00 right now with equipment in your business that is
loaded with equity. If you need more information please visit our Contact us
page to get fast and effective information on all you leasing needs.
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