WHY OUR CLIENTS LOVE EQUIPMENT FINANCING

By Thomas W. Tramaglini, Managing Director at BRP Onesta info@BRPOnesta.com www.backofficedepot.com

For years we have met small business owners who have self-funded or taken high-interest loans and merchant cash advances to address their small business needs. Whether growing or replacing equipment and supplies that they already have we consistently see business owners spending way more than they should have.

What are the inherent benefits of Equipment Financing and Leasing as compared to traditional small business loans or merchant cash advances?

• Likely Tax Advantages Under IRS 179

• Finance Rates as Low as 5%

• Flexible Payback Terms from 3 Months – 5 years

• Numerous Types of Leases (True, FMV, $1 buyout, etc.) for All Businesses

• Fast Approvals – Often Same Business Day

• Less Documentation and Faster Funding than Other Options

• For deals below $100,000 no bank statements usually required

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What is Equipment Leasing and Financing?

Equipment leasing is basically a loan in which the lender buys and owns equipment and then “rents” it to a business at a flat monthly rate for a specified number of months. At the end of the lease, the business may purchase the equipment for its fair market value (or a fixed or predetermined amount), continue leasing, lease new equipment or return it.

The most common types of leases are fair market value (FMV) and dollar buyout leases. Businesses that choose to work with an FMV often obtain equipment that quickly depreciates in value. Dollar buyouts are ideal for those who plan on keeping their equipment at the end of the lease term. Other types of available programs are wrap leases, business expansion, refinancing, new business programs, sale lease backs and working capital loans.

If you need equipment or technology infrastructure to help your business grow without using your working capital or business credit lines, equipment financing is the answer. In addition to preserving cash flow, leasing offers tax advantages, helps build and maintain good business credit and allows your business to remain competitive and efficient. Almost any kind of equipment your business needs can be financed, including medical and dental, commercial vehicles, industrial equipment, computer hardware and/or software, restaurant and catering equipment, office furniture, telephone systems and more.

Qualification

Leasing rates are based upon your credit history, the cost and type of equipment and the term structure you want. There are lease programs available across a broad range of credit profiles, industry types and time-in-business ranges – from startups to mature companies.

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Dr. Thomas W. Tramaglini is the Managing Director for BRP Onesta, a company that supports small businesses. By offering a host of important and affordable services that small business owners tend to not have time to do themselves, the team at BRP Onesta can help small businesses grow infinitely. Although located in on the famous Jersey shore, BRP Onesta serves clients in all 50 states, Puerto Rico, Mexico and Canada.