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Interest
Rates
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Floating rates can go sky-high
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Fixed
rate with fixed payments
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Credit
effects
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Reports
all credit issuance to the major credit bureaus. Effects future borrowing
power.
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Reports
only of the borrower does not pay as agreed. Minimizes effects.
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Terms
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Usually
2-3 years; loan must be reduced to zero balance annually
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Up to
10 years
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Opportunity
Costs
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Ties
up bank lines, thus prohibiting future investment
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Frees
bank lines and cash for future investments
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Requirements
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Financial
statements required on almost all transactions over $10k; often requires
annual updates to maintain loan
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Financial
statements not required for most transactions up to $100k (or more for some
health care providers)
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Down
Payment
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Typically
20% to 30% required
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100%
financing available
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Hidden
Costs
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Compensating
balances, other bank charges, loan covenants
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None.
No lease termination fee.
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Effective
Cost
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High
due to longer depreciation schedule, larger down payment, adjustable
interest rate, and other $$$
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Low
due to tax benefits, no down payment, longer lease term, and no ompensating
balance requirement
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Soft
Cost Coverage
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Cannot
finance shipping, tech support, maintenance, etc.
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All
soft costs can be financed
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Sales
Tax
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Must
be paid in advance
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Financed
within monthly payment
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Tax
Benefits
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Depreciated
over the IRS’ useful life of the equipment
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Usually
100% deductible over the lease term
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Expensing
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Can
only expense depreciation and interest
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Can
expense 100% of the payment
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Financial
Reporting
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Carried
on balance sheet as debt
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Not
required to be reflected on balance sheet as debt
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Our leasing partner, founded in 1989, is a full-service, Dun and Bradstreet
listed lease financing company. We provide funding for all types of industrial
and office equipment, computer software systems, computer hardware, Internet
Web sites, and specialized machinery.
Leasing is an attractive alternative
to outright purchasing. Rather than being dragged through the often lengthy and
intimidating process of qualifying for a bank loan, Our leasing partner can
guide you easily and quickly to a financing arrangement that suits your needs,
with NO down payment required. Although we function as a volume funding source,
we are still able to give each application the individual attention it
deserves. We are small enough to offer personal service, yet large enough to
offer competitive rates and terms. We serve the needs of both borrowers and
equipment suppliers as well, with flexible and innovative programs.
How
to Qualify…
We are pleased to
offer no-obligation Free
Credit Appraisals. You may fill out the form right here on our Web site and
e-mail back to us; or, download our PDF file and fax a printed copy to us. In
the mean time, we invite you to explore the various attractive Lease Programs
that our leasing partner offers. We're here to help you save money on your next
equipment or software acquisition.
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Our leasing partner is here to
assist you in acquiring the equipment, computer hardware, computer software,
or healthcare system you need at a payment you can easily afford.
And now: exclusively available
here, you may be able to finance your Web site through us! Call now to find
out more: 866-776-8876.
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(These programs are subject to credit approval.)
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Application-only to $100,000
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One-page application with no
financial statements or tax returns needed.
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Full financing for software
only
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6 x $99 Program
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6 months at $99, then regular
payments begin.
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Sale Leasebacks
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Squeeze cash from your existing
purchases.
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90 Day Payment Deferral
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Municipal and governmental
leases
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Seasonal Payments
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Take up to 3 months off. Great
for when the business cycle slows.
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Hard collateral and soft collateral leases with
stream rates below prime
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Step-up Payments
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Begin with lowered payments and
then increase payments gradually.
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Lease lines of credit
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Have something else in mind?
Call us, we can probably do it!
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Are you still using
obsolete equipment? Imagine being able to use the latest hardware, software,
and peripherals; and imagine being able to upgrade other machinery, without
increasing your lease payments. We are proud to introduce the new Upgrade Plus leasing
program. Upgrade Plus lets you acquire current technology easily and
conveniently. Under this program, you may lease upgrade to equipment at
specific times throughout the lease term by simple signing an addendum at the
time of the original lease. These upgrades can generally be made with the
same terms and/or lower payments as the original lease. Payments may be kept
constant over the term of the lease, therefore creating a technology budget,
as well as a hedge against obsolescence. (All programs subject to final
credit approval.)
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No additional lease deposits
required
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Keep your technology equipment
and/or software current
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There may be no increase in
monthly payment after upgrade
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Technology budgets are easier to
plan when you know
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what your costs will be from year
to year.
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No new lease applications to fill
out (unless there have
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been substantial business
changes)
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Equipment may be either added on
or upgraded with this program.
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Why do we offer software and
equipment upgrade leasing?
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We can retain
customers for the long-term.
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Increase the
number of times we can help our clients keep their technology solutions
current.
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Our leasing
partner administers hardware equipment upgrades and software lease
payments
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With Upgrade
Plus, no additional cash changes hands
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