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First US Finance
By PCM Computers October 01, 2008
Lease One has gone a great service by always being there on time when you call them. Please keep up the good work. Thank you, ...read more
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Equipment Financing - Are You Bankable?
You have made it through the toughest 3-4 years of business; you have poured your energy, creativity and money into making your company sustain itself and grow. The start-up phase for any business is the most volatile time; lenders and creditors turn away from you when you feel like you need them most but the issue is, as statistics clearly support, your new venture is too risky to lend to. Now it is 3 years later, you’ve survived, sales are being generated and you’re making money. You should be “bankable” right? Meaning, you should be able to approach a commercial lender for a loan or equipment finance at some amount and get approved. Most business owners would say “yes” but the real answer to the question is – it depends. It depends on how your business has operated during those initial years and what you plan to do with the money. Here are 3 key points to consider when looking for business capital: 1) Are amajority of your sales coming from just a few clients? If so, that is a red flag and lenders will feel you are too vulnerable to the whims of your key customers. Focus on widening your funnel and servicing a broader range of clients; it will help stabilize your sales in the long run and make it easier to access money down the road. 2) Do you have tons of sales but little or no profit margins? Newer companies tend to sell at cost to promote goodwill or to penetrate a key market. Good sales strategy but not so good when you are in the early start-up phase. Make sure a certain component of your sales has industry-average type of profit margins so that a lender will consider you a player in the industry. If it appears you don’t know what you’re doing, you won’t get approved. 3) Are you requesting money from your lender for equipment which they don’t recognize as good collateral? Many commercial lenders are not “fond” of the newer green technologies like LED lighting and solar systems. Your company may be doing well by all measures yet get denied for a loan request to replace your lighting even if it saves you money each month. The experienced business owner or manager knows that different lending sources specialize in different types of equipment and collateral; make sure you are matching your request with the right source. Being “bankable” really depends on several internal and external business and economic factors. Time in business alone will not guarantee an instant approval as many of us remember from years past. Lenders will evaluate and review your business operation, your objective for capital requested and the type of gear you intend to purchase as part of their approval process. Be aware of the factors involved so you can make changes where appropriate to increase the chances of getting funded more often. ...read more
By First US Finance October 06, 2011
Tax Code is a Big Benefit to Businesses Adding Equipment this Year
Tax Code Section 179 can mean big tax savings for you or your customers if you are looking to purchase new equipment this year. Section 179 Advantages For Capital Leases ($1 Buyout or 10% Buyout) include: • Businesses that purchase less then $800,000 in equipment and put into service this year (2009) can DEDUCT THE FULL PURCHASE amount up to $250,000. • One time bonus depreciation of 50% on the remaining value for equipment purchases that exceed $250,000 (Deduction begins to phase out dollar for dollar after $800,000) • Most business equipment qualify for the deduction as long as the equipment purchased is placed into service by the end of this year This means substantial, immediate tax relief for your business, and makes financing needed equipment a smart financial move. ...read more
By First US Finance April 06, 2009
The Benefits of Equipment Leasing for Businesses.
Lease One Corp. was started in 1989 and structured to handle small to mid-sized equipment leases, which make up the major portion of a $270 billion industry. An estimated 8 out of 10 U.S. businesses lease equipment including major corporations. Many small businesses and franchises are completely started up with one lease program, which includes all their equipment and supplies. Here are some key reasons for the continued increased growth of equipment leasing: · Equipment leasing improves a company's cash flow. With leasing, there is no need for significant cash outlays, as opposed to an equipment purchase, which generally requires a large down payment and terms, which are not flexible. · Equipment Leasing has minimal impact on an individual's credit lines. · Equipment Leasing programs can be structured very quickly with most credit applications approved within one day. · Profits and growth are improved through equipment leasing. Businesses choose not to invest in equipment that becomes obsolete and improves a company's balance sheet. · Equipment leasing reduces long-term debt. · Equipment lease payments are operating expenses and are 100% tax deductible in most businesses. Creative financing is available through equipment leasing, because payments and duration of the lease can be structured to fit the customer’s needs. As a broker, with 12 years experience in equipment sales and financing, I consult with each client, get to know their business operation and help them structure a lease that fits their budget and helps their business grow. Leasing continues to be the first choice amongst most growing businesses in the U.S. Equipment typically leased includes computer networks, phone&security; systems, medical-dental equipment, chiropractic equipment, POS systems, restaurant equipment, furniture and displays, industrial machines, work vehicles, indoor/outdoor signage and more. See www.leaseone.com/lester for more information. ...read more
By First US Finance March 23, 2009