Before you decide to pay out thousands of dollars to purchase computer equipment or upgrade to a new phone system, have you considered leasing as an option?

With an equipment lease you can acquire the software, technology, furniture, and other equipment you need to expand and operate your business while conserving your company’s cash flow.

An equipment lease is a rental agreement where a leasing company (the lessor) maintains ownership of the equipment and the business (the lessee) uses it in its business operation.

Just about any kind of equipment can be leased for your business such as computers, furniture, phone systems, machinery and even automobiles.

Leasing is a powerful way to conserve your cash compared to other funding programs. For example, if you were to apply for an equipment loan, a lender would require that you put down 10-15% down payment, whereas a leasing company offers 100% financing.

A lease term typically ranges from two to five years while some terms can exceed ten years for equipment that has a long useful lifespan.

By leasing your equipment and technology your business can include hardware, software, installation, maintenance, training, etc.

Finally, leasing can lessen the load taxes have on your company’s finances. It depends on how you structure your lease which can be best answered by talking with a tax professional.

There are several different characteristics between an equipment lease and an equipment loan.

Consider the following comparisons:

At the end of an equipment lease term you have four options:

1. Return the equipment
2. Renew your lease
3. Purchase the equipment for a small fee
4. Purchase the equipment at fair market value

As you can see securing a lease for business equipment allows your company to conserve cash flow while protecting it from becoming out of date, since you can always upgrade or return the equipment at the end of the lease term.

Leasing has become a popular option for companies in today’s economic environment. In fact, according to the Equipment Leasing Association, eight out of ten businesses in the U.S. decide to lease some of their business equipment.

Typical Items Financed

• Furniture, Fixture, Millwork, Signage
• Computers, Printers and POS Systems
• Vehicles, Trucks and Vans
• Kitchen and Restaurant Equipment
• Heavy Machinery
• Spa, Salon, Manufacturing, Medical Equipment

What We Offer

• Approvals within 48 hours
• 24-60 months term
• 100% financing
• Fixed monthly payments
• Simple documentation
• Funding ranging from $5,000-$2,000,000

Benefits of Our Program

• Potential tax write-offs
• Builds business credit
• Preserve working capital
• No large upfront costs
• Fixed monthly payments for better cash flow management

What is Required to Pre Qualify

• Need 660+ credit scores
• If experienced a BK, must be more than 2 years old
• Must have 4 open tradelines
• Must have more than 2 years' credit history
• Credit utilization on revolving credit accounts cannot be maxed out

For New Businesses

If equipment is less than $75k submit the following:

• Application completed and signed
• Copy of personal credit report
• Equipment quote

If equipment is greater than $100k submit the following:

• Application completed and signed
• Equipment quotes
• First page of last 3 month's personal bank statements
• Most recent year of personal tax return
• Personal Financial Statement

For Existing Businesses

If equipment is less than $75k submit the following:

• Application completed and signed
• Copy of personal credit report
• 3 most recent months' Business Bank Statements
• Equipment quotes

If equipment is greater than $100k also include:

• Current year's P&L and Balance Sheet
• Previous year's Tax Returns (personal and business)

Send completed equipment financing application along with supporting documents to funding@startbusinesscredit.com

*Allow 48 hrs for the pre qualification review to be complete. You will receive an email receipt notification and we will contact you within 48 hrs with the results.