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Leasing Options |
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Leasing equipment has become a common business practice. A report by the Equipment Leasing Association states that eight out of ten businesses lease business equipment. Leasing equipment has specific advantages compared to purchasing equipment. These advantages include:
Quick Approval Process: With leasing, the approval process is much faster. The leasing process usually takes 1-2 business days as compared to 1-2 weeks for a loan.
Flexibility: Companies have different needs and different Cash Flow patterns. A lease allows a company to be more flexible in the management of equipment.
Cost-Effective: With fast advances in technology, equipment may be obsolete within a few years. Leasing equipment allows a company to upgrade every few years without incurring a high cost.
Low Down Payment: Equipment leasing typically requires only one to two payments upfront. Those payments are then applied to the balance. With a loan, banks generally require 10-20% of the total price of equipment.
Immediate Write-Off: Operating lease payments can be 100% tax deductible if they are declared as an operating expense. This can help maintain your bank credit line. With loans, depreciation can only be taken over the length of the equipment's useful life.
Conserve Operating Capital: Cash is not tied up with an equipment lease. Leasing can also help manage a companyís balance sheet.
Improved Cash Forecasting:
Cash requirements can be accurately forecasted since a company knows the amount and number of lease payments over the life of the leasing period.
Flexible End-Of-Term Options:
There are several options after the lease term ends including; returning the equipment, renewing the lease or purchasing the equipment.
You can download an information sheet and application by clicking here
We work with Justin Anderson at Marlin Business Bank. He can be contacted at (877) 479-9111 ext. 5003 or by email at janderson@marlinleasing.com
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Construction News |
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Construction.com: Latest Headlines
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McGraw-Hill Construction connects people, projects and products across the design and construction industry. From project and product information to industry news, trends and forecasts, we provide industry players the tools and resources that help them save time, money, and energy. |
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October Construction Jumps 12%
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Leasing Info 
