Equipment Lease Financing

Having the necessary equipment to compete with other companies in today's business climate is imperative to your success. Yet, it really doesn't make sense to go out and buy every piece of equipment that you need; adding additional overhead that will bog your business down with more financial strain.

Many entrepreneurs and decision makers may not realize some of the great benefits of equipment leasing, rather than buying. There is a misconception that owning equipment is better than 'renting' it; when in fact that mentality could be hindering your business' progression.

BEFORE YOU SAY...

“We can’t afford that right now.”
“I can’t justify that expense.”
“The bank says we’re ‘too new’ of a business.”
“It’s better to own business equipment than to lease equipment.”

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Why? Well, let's say you own a graphic design studio and are in need of updated computers and software in order to compete with emerging companies that have better technologies. Once you buy new computers, they become almost instantly outdated. Certainly in five years they will be near obsolete.

Or, perhaps you own a paving company and need a couple of big steamrollers to complete a government bid for new road development. Rather than eating away at your capital budget for the year, equipment leasing allows you to free up cash flow, acquire the latest and best equipment to get the job done, and most importantly pass the BEST SERVICES POSSIBLE on to your clients.

With a simple one-page application, find out how you can maximize cash flow while financing the equipment you need in today’s competitive business environment.  Bentwood works with funding sources to provide you with the best alternative to your equipment funding needs.

Advantages of leasing include the following:

• Allows for 100% financing that include ‘soft costs’ such as service/maintenance contracts, freight, and installation.
• Most leases are 100% tax deductible if considered an operating expense.  Please consult your accountant for advice.
• Simplified documentation; a 1 page credit application up to $75,000 without financials.
• The equipment is the only asset used as collateral unlike a conventional loan where other valuable assets are needed.
• Only the first and last payment required upfront instead of 10% - 20% down
• Leasing creates an additional line of credit for your business rather than tying up your bank line of credit or using other operating funds.
• Leasing is very popular.  An estimated 80% of businesses lease their equipment.  As your company grows, the need for a variety of financial services grows along with you.

Find out more about Bentwood Financials equipment leasing programs today.