Our Services
Equipment Leasing
Is leasing equipment right for you? Why do people lease equipment for their business?
There are many reasons why leasing has become such a popular financing tool. Imagine if you needed a new piece of equipment that would make your business more profitable…
Keep your cash
Probably the number one reason businesses use leasing — it allows you to keep your cash in the business, working for you instead of tied up in a depreciating asset. You can typically lease 100% of the amount, which means no big down payments either!
Imagine being less reliant on your bank
What if you could save your bank line for emergencies or opportunities? Bank lines are best used for current assets like accounts receivables or inventory. Leasing can effectively increase your borrowing power and this can allow you to grow faster. We can even establish pre-approved leasing lines of credit — get what you need, when you need it.
Think easy
Leasing your equipment is simple to do. For an established business that wants to lease up to $75,000 worth of equipment, a simple one-page application form, a copy of the equipment quote and a quick chat with one of our leasing specialists is all that’s usually needed. No huge process and no waste of time. Even for larger leases, our requirements are much easier than qualifying for a bank loan.
How about tax advantages?
In addition to paying sales tax on the payments instead of as a lump sum all up-front, leasing has potential income tax advantages as well. Most leases are tax deductible — check with your tax advisor for details on your specific situation.
Profit with time
How about paying for that money-making equipment as you profit from it? Revenue minus expense equals profit, right? With leasing, you can start profiting from that new equipment right away. It’s also easy to add accessories or to upgrade to better equipment as you grow.
Flexible and creative payment structures
What do you think about seasonal payments for a business with peak cash flows at certain times of the year? How about having no payments for a few months while you get up to speed with the new equipment? With our equipment financing, leasing is a tool that can allow you amazing flexibility, if you need it. We will work with you to match the payment stream to your unique circumstances, making it easier and more affordable to get the equipment you need to grow your business.
Can you see clearly now?
As you can tell if you’ve read this far, leasing has many advantages over paying cash or using your bank line. If you’d like to find out if it will work for you, too, contact us and speak to one of our commercial equipment leasing specialists.