.pdf Application Download our .pdf application & send it in via fax or email to get started! Online Application Fill out our quick & easy 5 minute online application. Tax Savings Calculator Type in your equipment cost to see how much the IRS could help you save this year Geneva Capital prides itself on our ability to assess each unique situation & provide our customers with custom financing options to best suit their individual needs. We hope to make you a lifelong customer, not just the term of your lease. Click on the menu below to learn more about leasing & what it can do for your business. LEASING IS FLEXIBLE With leasing, you are able to customize a program to address your needs & requirements - cash flow, budget, transaction structure, cyclical fluctuations, etc. For example, some leases allow you to miss one or more payments without a penalty, an important feature for seasonal businesses. 100% FINANCING There is very little money down with leasing - typically the first & last month's payment are due at the time of lease signing. Since a lease does not require a down payment, it is equivalent to 100% financing. LEASING IS FAST & CONVENIENT Leasing allows you to add equipment or upgrade equipment under similar terms. Leasing can also allow you to respond quickly to new opportunities with minimal documentation. Credit decisions are usually made same day. TAX BENEFITS The IRS does not consider an operating lease to be a purchase, but rather a tax-deductible overhead expense. Therefore, you can deduct the lease payments from your business income. Also, because lease payments are treated as expenses on a company's income statement, equipment does not have to be depreciated over five to seven years. IMPROVES CASH FLOW Lease payments are historically lower than loan payments, hence conserving cash for other uses. Also, by leasing equipment you know the amount & number of lease payments over the life of the leasing period, so you can accurately forecast cash requirements for your equipment. MANAGE OBSOLESCENCE A lease allows equipment to be returned to the lessor at the end of the lease term. You can then upgrade equipment without having to manage disposal & other ownership burdens. The risk of getting caught with obsolete equipment is lessened. BALANCE SHEET MANAGEMENT Because an operating lease is not considered a long-term debt or liability, it does not appear as debt on your balance sheet, thus making you more attractive to traditional lenders when you need them. LEASING IS SMART Eight out of ten companies lease some or all of their equipment, according to industry research. Why do they lease? Because the flexibility provided by leasing allows them to have the most effective operation possible. Companies that lease tend to be the most entrepreneurial & competitive. FAQs Products & Services Benefits of Leasing Tax Savings © 2021 ContactTerms of Use