Lease-to-own and Financing is one in the same when it comes to equipment purchases for businesses, depending on how the lender structures the end of term. With our financing, the lease-to-own is structured with a $1.00 buyout, so the outcome is the same as a direct loan. This way you have full 100% ownership after the final payment is made.
Financing affords you the option of getting new equipment now and paying for it in small manageable payments. You can start earning money with your equipment before your first payment is due!
We offer monthly payments that range from 12 to 60 months and ensure the best fit for your business. We also offer variable payments* upon request that can be matched to seasonal cash flow variations.
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of equipment financed during the tax year. That means you can deduct 100% of the FULL PURCHASE PRICE of the equipment from your gross income*!
We can structure your lease so that it meets FASB requirements for “off balance sheet” accounting. This means leased assets are listed only as a monthly expense on your Income Statement. Therefore, leased assets do not appear on the balance sheet as liabilities, which can improve financial ratios.
Keep potential lines of credit open for financial emergencies and use leasing to help build your business credentials with any bank.
Commerical leases do not include bank liens, restrictive covenants, rate escalator clauses, “call anytime” provisions, compensating balance requirements, or many of the other surprises related to traditional lending.
We do offer financing to businesses based in the USA and Canada. For financing in Canada, the regions that allow financing are: Ontario, British Columbia, Alberta, Manitoba, Saskatchewan, Nova Scotia, New Brunswick, Newfoundland and Labrador and Prince Edward Island.
*Terms & conditions may vary, dependent on your specific situation.