Leasing has long been recognized as an excellent method of extending the costs of acquiring an asset. If the asset generates revenue or saves expenses, a lease allows the costs to be more closely aligned with the benefits produced. The type of lease you seek should be determined by your particular needs and the advice of a tax professional. Capital leases, which usually result in ownership of the asset, are generally more expensive than operating leases. However, the lease company owns the asset at the end of the lease term.
Many finance companies can provide leasing if the credit of the lessee is excellent.
However, by working with a wide range of lenders, we can convert many turn downs into successful leases. If you need equipment, we are more likely to be able to help you. If you sell equipment, an aggressive leasing program can boost your sales tremendously. Typically, a factoring relationship supplies the exit strategy for the purchase order financier. Companies needing purchase order financing usually need two years in business, and a very strongly worded purchase document is a prerequisite.