As a business owner; you can easily secure the equipment you need for your company. One of the best & smartest ways to obtain the equipment you need is by using Equipment Financing Linked to your EIN, and not your SSN.
You can easily deduct the interest you pay on the lease & you won’t need a large down payment to be approved. This is one of the reasons over 85% of U.S. businesses use equipment lease financing to acquire equipment for their businesses. When you use Equipment Financing you can improve your company’s cash flow and increase capital period.
You can always keep your normal cash flow, leave your funds in the bank, avoid major out-of-pocket expenses incurred by purchasing the equipment up-front & benefit from multiple major tax advantages.
Equipment Leasing is one of the most common types of equipment financing available today in the industry.
When you lease equipment you will find most leasing options offer you fixed-rate financing. This means your interest rate and payments will stay the same from month-to-month during the term of your lease.
Whether you may need office equipment or large commercial equipment used for manufacturing; Equipment Financing is a perfect option for you and your business.
Equipment financing can additionally be used if you are starting a new business which needs equipment to operate.
There is typically no down payment required on equipment leasing loans. The lender will collect one to two of your monthly payments upon approval.
This amount of money required is usually equal to 4-8% of the total equipment cost.
You will have low monthly payments available. And your payments can be tailored to fit your company’s individual needs.
You can also include your taxes and other charges such as installation charges into your new equipment lease.
Equipment loans are always perfect for any type of business owner looking to purchase equipment.