Equipment Leasing Equipment Leasing is a quick and very effective way to get the up-to-date equipment you need now and most businesses qualify for lease financing. Small and medium sized companies find equipment leasing an efficient way to do business. You can secure the equipment needed to run your day-to-day business, while conserving cash for growth. Leases can be arranged for all types of equipment for a wide variety of businesses. If you would like you can give us a call at 330-475-7120 and we will address any question you might have.
WE SPECIALIZE IN:

Audio & Video Equipment

Computer Hardware & Software

Dental Equipment

Dry Cleaning & Laundry Equipment

Fork Lift Trucks

Garage Service Equipment

Labeling Machines

Lifts and Lifting Equipment

Machine Tools

Medical Equipment

Nursing Home Equipment

Packaging Equipment

Pizza Ovens

Pressure Cleaning Equipment

Printing Equipment, Industrial

Recycling Equipment

Refrigeration and Oven Equipment

Sewing Machines, Industrial

Telephone Systems

Tractor Trailer Equipment

Vending Machines

Welding Equipment

9 Reasons for Leasing 

1. Banks can charge you a fee on your line of credit, even if you never use it. Leasing companies charge only for what you use.
   
   
2. Banks require that you put some cash down, in some cases as much as 20% to 30%. This can eat away at your working capital. Leasing companies don't.
   
   
3. Banks are not as flexible as leasing companies. Equipment leasing companies can create an individualized lease arrangement for you such as no payments for 90 days to give you time to get your new equipment up and running. Banks can't.
   
   
4. If you borrow too much from a bank, this can limit your ability to get future loans and you have fewer options during crises. Leasing allows you to expand and diversify your funding sources.
   
   
5. Banks won't give you 100% financing. Leasing companies will. In fact, when you lease from a reputable leasing company, you can get 100% financing for not only the cost of the equipment, but for labor, installation and even training or consultation.
   
   
6. Banks can put liens on all of the assets of your company including receivables and inventory. Leasing companies only put a lien on the equipment.
   
   
7. Banks may recommend, especially to small business owners, that they take out a home equity loan for new equipment. This is a very bad idea. Why finance a piece of equipment for a few years with assets such as a home that you will keep for a longer time? Leasing is a much wiser strategy for expansion.
   
   
8. Leasing allows businesses to fully expense lease payments as a rental and provides valuable tax deductions for your business.
   
   
9. Reputable leasing companies work closely with equipment companies. They know the equipment business and can advise you on exactly what you need to make your business profitable as soon as possible. Banks don't.
   
   

1. Leasing companies offer a variety of options that banks can't match. These include:
   
   

2. Lease Purchase ($1.00 Buy-Out) - allow you to buy the equipment at the end of the lease term for a nominal amount of $1.00.

• Operating Lease (Fair Market Value Buy-Out) - provides you with the option to purchase the equipment at the end of the lease for its then Fair Market Value, continue leasing the equipment based on its Fair Market Value, or return the equipment.

• Venture Leases - a perfect solution for start-up companies with venture capital backing.

• Deferred Payment - ideal for companies in which the equipment will be used for a project that won't generate revenue for a short period of time, so that the initial months have nominal or no payments.

• Seasonal Payment - designed for those businesses with seasonal cash flows so payments might be higher when business is good for example in the summer months and lower during the rest of the year.

• Step-up / Step-down payments structured to match a company's cash flow needs. Payments can start low and then increase during the later years of the lease, or payments can start high and then decrease, minimizing finance charges.

·  There are two main types of leases offered. A FMV or *(True Lease) and a $1 purchase option. Here is a quick sample on how Leasing Works. In a true lease, the lender will buy the equipment and lease it to you for a specific monthly payment and term desired. You choose your equipment and negotiate the price. At the end of the lease, you choose one of the following options.

• Buy the equipment at fair market value (usually 10% or negotiated value of the original equipment cost).
• Continue to lease the equipment at a determined monthly rate.
• Return the equipment and lease new modern up to date equipment or simply return it with no further obligations. You are not obligated to make this decision until the end of the lease term.

*A true lease is an IRS term that allows for the lease to be structured so your payment can be fully written off as an expense. Any option to purchase the equipment must be declared at Fair Market Value at the lease end.Other leases may provide for $1.00 buyouts, etc., but are not permitted to be given the favored status of a true lease. Please consult a professional accountant to see what option is best for you. If you have any questions please give us a call at 330-475-7120 and we will address any issue that you might have