Affordable and affordable equipment lease financing
When equipment is leased, the leasing company provides the rights to use the device for a fixed period against a fixed payment. At the end of the term, the options available are: buy the accessories, return them or continue renting them.
With leasing, cash flow is conserved as you only need a minimal investment up front to get the appliance. In this way, payments are spread comfortably over the term. This preserves working capital for the growth and operation of the business.
When you choose to lease equipment, available lines of credit are kept open. Therefore, these lines of credit are available for other financing or short-term operations.
As your business grows, your equipment needs will change and grow at the same time. If you’ve rented an appliance, it’s easy to add more of the same or upgrade your current appliance to what’s needed now.
Section 179 of the US Tax Code allows individuals to take advantage of the new tax deduction limits. In some cases, these newly specified limits allow you to deduct the full cost of the equipment from your taxable income.
With appliance leasing, you can take advantage of personalized financing. This helps you select from a wide range of lease packages and payment options. In this way, a financing plan could be made, which will follow the cash flow of your business.
Traditional financing at banks and other financial institutions forces people to spend long wait times for approval and imposes strict requirements. Equipment leasing requires a single application and paperwork is completed in minutes. Approvals arrive in a maximum of 24 hours. Also, within the week, you are using the leased appliance in your business.
One of the most popular and affordable programs is the operating lease. When appliances are needed temporarily and not long-term, an operating lease is perfect for financing those appliances. This special program offers an affordable monthly rate for as long as you need the equipment. At the end of the term, the device is simply returned.
Another more flexible lease is the Master Lease. This is for business owners who aren’t sure exactly how long they will need the equipment they want to rent. The lease is established for a specified period. At the end of the period, the business owner can request the extension of the lease without renegotiating the terms.