LEASING INFO PAGE

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Leasing is one of the fastest-growing ways of financing equipment in business today. A recent Gallup survey revealed that over 80% of U.S. Businesses lease a portion of their equipment. In fact, the ELA, (Equipment Leasing Association) forecasts that of the $850 billion businesses will spend on equipment in 2006, approximately $229 billion of that (27%) will be acquired through leasing. The list of companies using leasing ranges from the Fortune 500 to the family store. A growing business is apt to face the dilemma of limited cash flow and the need to add equipment. Leasing can put that equipment to work for you without a major capital investment and with real cash flow and tax advantages. Below are some of the major benefits of Equipment Leasing.

Low Monthly Payments

Your monthly lease payment will usually be lower than the payment required by other methods of financing. You have more flexibility by structuring a particular buyout, lengthening the term, etc. You can actually afford more equipment with leasing.

Acquire Equipment Without Tying Up Capital

Where other types of financing require a hefty down payment, leasing is 100% financing. Most lease agreements require an advance of only one to two month's payments. Leasing puts the equipment to work for you immediately, at a minimal up-front cost.

Convenience & Flexibility

Leasing and financing offer less red tape than with bank financing. You can also complete the process much quicker (generally a one page application) which is important if you need your equipment by a specific date. "Your Lease Connection" offers, free of charge, a dedicated Account manager who will coordinate the details with your equipment vendor to make sure your lease is completed in the timeframe needed.

Retain Capital Strength

Purchase the equipment and technology you need today while spreading your payments affordably across time. This allows you to reserve your capital for other day-to-day expenses. Because a lease is not considered a long-term debt or liability, it does not appear as debt on your financial statement (balance sheet), making you more attractive to traditional lenders when you need them.

Maintain a Competitive Edge

The latest and best equipment lets you do the job faster, more efficiently and cheaper than the competition. Leasing gives you the advantage of the latest available technology at a more affordable cost.

Eliminate Obsolescence

"The newest innovation" doesn't stay new. Leasing gives you today's best technology and then lets you upgrade when the equipment has outlived its advantage. You can eliminate the hassle of selling equipment at a depreciated value.

Take Care of the "Hidden or Soft Costs"

Leasing gives you more than just the equipment. It also can cover items like sales tax, the cost of delivery and installation. Your lease includes everything it takes to actually put the equipment to work for you.

Realize Tax Advantages

Purchases are made with after-tax dollars. Your lease payments are usually considered a pre-tax business expense and as such may reduce your taxes.

Simplify Accounting

Lease payments are little more than a line-item in your monthly cost of operations - a minimal bookkeeping effort that frees you from time-consuming depreciation schedules.

Guard Against Market Conditions with a Fixed Payment

Remember 1980, when interest rates skyrocketed from 9% to 21.5% in a single year? Unlike bank lines of credit, with variable rates, lease payments are fixed - no matter what happens to the market tomorrow.

At Your Lease Connection, we provide finance options for traditional & nontraditional borrowers. Our highly diverse lending card is comprised of multiple funding facilities: revolving credit lines, private investor capital, and other specialty finance companies that we maintain strategic alliances with. This unique blend of funding capabilities enables Your Lease Connection to approve and fund a broader range of credit types than many other finance sources. Your dedicated Account Manager will provide recommendations on how to strategically offer financing to your customers to promote higher sales...

Products

App only to $100k: We can provide up to $100k in most cases with just a one page application.
Commercial Leases over $100k: We provide leasing solutions for transactions from $100k up to $1 million, a full financial package will be required for these transactions.
Start ups and Early Stage Companies: We can secure up to $50,000 in financing for businesses with as little as 1 day in business. Additional financing may be available depending on the collateral financed.
Medical & Professional program: Increased start-up and application only limits are available to businesses in the medical and professional services related fields. Your dedicated account manager will discuss eligibility and specific requirements.
Working Capital: We can provide up to $50,000 in working capital in addition to our equipment finance products.
Flexible Finance Solutions: We have flexible finance solutions available for qualifying credits. Some of these are: 30,60, & 90 day deferred payments, seasonal payment plans, step up or step down payment plans, etc.

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Terms

Most standard terms are 24-60 months. Exceptions can be made in some cases for 12 and 72 month terms.

Types of Leases

Dollar Buy Out Lease: With this equipment lease financing option, at the end of your lease term, you "buy" your equipment for just a $1. This is an attractive option for companies who know their equipment will not lose value and are looking to keep their equipment at the end of the lease.
Fair Market Value Lease (FMV): A fair market lease is a traditional lease agreement that provides you with three options when the term of your equipment lease ends; You can purchase your leased equipment at fair market value, renew the equipment lease or return the equipment - an excellent option for customers expecting a decrease in the value of their leased equipment.
10% Purchase Option: With a 10% Put at the end of your lease, it is pre-determined that you will pay 10% of the original purchase price of the equipment. This option is generally for customers who plan to keep their equipment at the end of the lease, however, would like a lower monthly payment during the term of the lease.
Equipment Finance Agreement (EFA): The EFA is very similar to a traditional loan. There is no purchase option at the end of the term, you simply own the equipment after all payments and fees have been satisfied.

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Last Update 01.12.2008