Equipment Leasing & Financing Solutions
We have leasing programs for “A” thru “C” credits.
A, B, and C credits
In these tough economic times many businesses have suffered financially. Additionally, the owners of these companies have seriously damaged their personal credit. We have developed a “second chance” program to help these companies. We can structure your financial needs to help you rebuild your company.
For “C” credits; we offer the following:
- Past bankruptcy – NO
- Slow pays – OK
- Tax Liens & Judgments – NO
- Low or no credit scores – OK
- Security payment required – none
- Last payment up front – NO
- Submission Requirements: Application + Bill of Sale or Invoice
- Bank Statements – 3 months
- Tax Returns – none
For businesses which have a large amount of machinery and equipment: We offer a Sale/Leaseback program to free up working capital. The loan is based on value of machinery & equipment and not on cash flow, profitability or financial projections of the business, personal guarantee required.
Types of Leases We Offer
- Application only to $350,000. No financial statements necessary.
- Middle market financing up to $500,000
- Large ticket over $500,000
- Little or No Down Payment
- Numerous Payment Structures
You can lease almost any type of business related equipment.
Approvals for application only in 24 hours. Middle market and large ticket usually take 3-5 days. Up to 72 months to repay with excellent rates. These programs are for companies established for two years or more.
Sale & Leasebacks
Many companies need working capital for expansion and do not want to use their bank lines for working capital. We have a program where the equity in your existing equipment can be used to give your company the working capital it needs. Your equipment is bought and leased back to you and when all the payments are made you own the equipment again.
Startup Program
Most financial institutions will not finance companies that are just going into business. If your company has just started in business, or is in business for a short time usually less than two years, we can help you grow by offering an application program to help you get the equipment you need to be successful.
Government and Municipal Leasing
We can provide lease financing to any government or municipal entity with guaranteed approval. The rate is determined by the rating of the municipality or government agency. A partial list of who we finance is listed below:
- Federal Government Agencies
- Armed Services
- State Agencies
- Public Schools
- Police Department
- Fire Houses
- Libraries
The above list is only an example of what can be finance. Any state, and any federally controlled entity can lease equipment.
Why Lease?
Leasing is the right choice!
Leasing is one of the fastest growing ways of acquiring equipment in business today. Recent surveys found that 80% of U.S. businesses, from Fortune 500 to the local family business, lease some portion of their equipment.
A growing business often faces the dilemma of limited cash flow and the need to add equipment. Leasing can put the equipment to work for you with real cash flow advantages and without major capital investment. We can lease virtually any type of equipment, including software and installation.
Low monthly payments
The monthly lease payment will usually be lower than the payment required by other methods of financing.
No need to tie up capital
Keep your business’ cash for future needs, unexpected expenses or working capital when revenues are low.
You can always lease equipment – you can’t lease money!
Most types of financing require down payments of up to 25%, whereas leasing covers 100% of the cost of the equipment. Most leases require only one or two payments in advance. Get immediate use of the equipment with minimal up-front cost.
Preserve existing lines of credit
Leasing has no impact on your bank credit lines. Protect your borrowing power for other business needs or opportunities.
Eliminate obsolescence
Technology is changing at a rapid fire pace. What meets your business’ needs today may be obsolete three years from now. Leasing allows you the flexibility to maintain a competitive edge by giving you today’s best technology then allowing you to upgrade when the equipment has outlived its advantage.
Fixed payments through the term of the lease
Unlike bank lines of credit that usually have variable rates, lease payments are fixed no matter what happens in the market. By choosing to lease you won’t be a victim of skyrocketing interest rates. Remember the 80′s when rates rose from 9% to over 20% in one year? That can’t happen with leasing.
Significant tax and accounting advantages
Leasing eliminates the need for complicated depreciation schedules since lease payments are generally line item expenses on your P&L statement. And since lease payments can usually be treated as a pre-tax business expense you may even reduce your taxes. Paying cash for equipment automatically adds 30-40% to the cost when you realize that cash = profits and taxes are paid on profits. Leasing is the right choice! It minimizes demands on cash flow, eliminates obsolescence, keeps your bank lines open, saves on taxes and shelters you from the market.
If you are interested in an equipment financing quote then click here to get a quote from Americus Credit Group.