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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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