Your small business can take advantage of Tax Code Section 179 and fully expense any qualified equipment finance purchase up to $500,000 this year – with depreciation expenses over this amount for the next five years.
Capital purchases that fall under section 179 include equipment finance agreements and leases with a $1.00 Buy-out or 10% guaranteed PUT (Purchase Upon Termination).
We offer over 100% financing for your equipment, including all soft costs, delivery and installation and we can usually order your equipment within one to two business days – including making any down payment required by your approved vendor.
Financing terms are 12 to 60 months – with longer terms for hard asset purchases, and flexible options such as 90 days deferred, and custom payment schedules for businesses with seasonal revenue changes.
LeaseProcess has made it easier to get approved for consumer leasing than personal loans and credit cards – lower credit scores, no financial statements.
Some business partners may want to lease equipment outside of the company – maybe the business credit is down or your partners don’t want to personally guarantee.