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Do you qualify for a credit line? |
- Download Credit Application (Click Here)
- Fax a completed credit application to 865-522-9348
- We will send you a response to your application within 48 hours.
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What are the benefits of Leasing?
Improved Cash Flow
By leasing equipment, a lessee (you, the customer) can avoid spending a large portion of your budget all at once. Leasing the equipment enables you to use your budget for income-producing areas within the company such as inventory, employees, advertising, etc.
Fixed Rate Financing
Unlike bank loans, monthly lease payments are fixed throughout the term of a lease. Bank loans can have variable rates of interest. You will know your monthly payment upfront, which allows you protection against inflationary increases.
Preserved Credit Sources
In today’s financing market, all companies have limited borrowing so you must have fiscal responsibility when choosing new equipment. Preserved credit preserves your existing lines of credit for use toward other business opportunities. By making your monthly payment, you also build your credit rating!
More Equipment With More Features
Your monthly lease payments are smaller payments made over a period of time, so you can acquire more equipment with more features. Instead of one large upfront payment to purchase one piece of equipment, you now can get more equipment to better suit your needs through a monthly payment without the large sum affecting your budget.
Pay As You Go
Businesses pay employees on a continual basis – as the employees contribute to the company. In the same way, leasing enables you to pay for the equipment as you use it, rather than paying for it all at once.
Tax Advantages
Leasing offers your customers the possibility of deducting their entire monthly
lease payment as an operating expense. Check with your tax consultant.