Did You Know?
You may be eligible for a tax deduction when you purchase equipment this year. When you combine either an equipment lease or an equipment finance agreement with a Section 179 deduction, the taxes you save with the deduction will almost always exceed your cash outlay for the year. This can be extremely beneficial when you purchase equipment, vehicles and/or software for your business.
Some equipment finance companies refuse to work with any business who has less than two years time in business, also known as a "start-up". The reason being, start-ups have a high failure rate, making them sometimes difficult to get approved. If the start-up is able to get approved for equipment financing, the rates will likely be through the roof, which could scare the customer off, resulting in a huge waste of time for the finance company. That's why it's important to speak with a finance company who frequently works with start-ups, can help you understand your options as a high-risk business, and help you figure out if the higher payments can be off-set by higher earnings. The bottom line is this... no finance company should help you finance equipment for your new business if the business is going to make less than the monthly payment.
We Would Love to Work With You
If you think we may be a good fit for you and your equipment financing needs, call us at 888-224-9940 or email us via the Contact Us button on this page.