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The Benefits of Leasing
Leasing provides
advantages over other forms of financing and is one of the
most common means for companies to acquire the equipment
that they need. Over 80% of all companies lease at least one
piece of equipment and in 2006 over 250 billion of equipment
acquisitions were lease financed.
It's easy
With Pinnacle Funding's one page
application, no financial statements are necessary in most
cases when the lease request is less than $150,000. This
accelerates approval times and it is designed to get you the
equipment you need as quickly and as cost effectively as
possible.
Avoid bank
restrictions
By leasing, you avoid blanket
liens, restrictive covenants, rate escalator clauses, call
provisions, compensating balance requirements, universal
default rate increases or any other surprises that might
occur with traditional lending
Protect your
existing lines of credit
Banks are great for short term
needs, and lines of credit can be extremely valuable in
today's fast changing business environment for changing
business needs or emergencies. By leasing, you don't reduce
those open lines to finance equipment.
Variable
Payments
We can match the term of the
lease to the annual business cycle, so the payments can be
higher during the busy season and lower during those slow
times. We can also structure the lease with no or low
payments for up to six months, so you can start making money
with the equipment today and pay for it with tomorrows
dollars.
100% financing
To make your equipment easy to
obtain and as cost effective as possible, our leases can
cover everything you need. We can wrap software,
installation, related leasehold improvements, training, and
even some supply items all into one lease. This reduces your
initial costs, and lets you earn profits faster with your
new equipment.
Potential tax
benefits
There are also some great
potential tax benefits with leasing where you may be able to
write off the monthly payment as a business expense.
Remember everyone tax situation is different so you must
consult you accountant to see how leasing may help your
bottom line.
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