Down Payment: With Leasing merchants have equipment that is 100% financed. With a Bank Loan, more often than not, merchants will have to come up with 20% to 30% of the total cost of their loan amount.
Interest Rates: With Leasing, merchants have a fixed rate and a fixed payment. With Bank Loans, merchants are often seeing an adjustable rate.
Term: Equipment Leasing through our Leasing Partners gives your company the option of Leasing for a term of 12 months to 60 months (1-5 yr). With Bank Loans, most are standard 2-3+ year loans.
Financial Reporting: Leases are not required to be reflected on balance sheet as debt. With a Bank Loan it will be carried on balance sheet as debt.
Tax Benefits: Leases are usually fully deductible over the term of the lease. Bank Loans are depreciated over the IRS’s life of the equipment.
Cash Flow: Leases help to free up cash allowing you to invest further in your business unlike a Bank Loan where your capitol is tied up in bank lines preventing expansion.
Sales Tax: With a Lease your sales tax is financed with monthly payment, however, with a Bank Loan it must be paid in advance.
Contact Information
Direct Line - 443-569-6860
Website - www.yourprocessingcompany.com
Email - Info@YourProcessingCompany.com
Facebook - www.facebook.com/yourprocessingcompany
Twitter - @YourProcessing
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