Equipment leasing is an effective way for companies to procure the items needed for operating a business. Pacific Business Lending offers extensive customer service to help businesses find a wide variety of items. With a wide array of leasing options, types of financing, and efficient customer service, business owners have a multitude of options they may never have even realized existed.
Types of Leases We Offer
- Application only to $250,000 without need for financial statements
- Middle market financing up to $500,000
- Large ticket for financing over $500,000
Programs are offered to companies established for two years or more. Approvals for equipment leasing applications provided in only 24 hours. Middle market and large ticket may take between three and five days. Customers receive up to 84 months to repay with excellent rates.
Sale and Lease Back
Companies often need working capital for expansion without using their bank lines for working capital. We have a program that involves using the equity in your existing equipment to fund working capital needs. We will buy your equipment and lease it back to you. When you finish the payments, you own the equipment again.
Most financial institutions will not finance companies that are just going into business. If your company is brand new or has been operating for less than two years, we can help you grow by financing the equipment you need to be successful.
B, C, and D Credits
Difficult economic times have led to many struggling businesses. Many owners of these companies have seriously damaged their personal credit. A bad credit score will not affect approval. We have developed a “second chance” program to help these business owners. We can structure your financial needs to help you rebuild your company.
Government and Municipal Leasing
We can provide lease financing to any government or municipal entity with guaranteed approval. The rate is determined by the rating of the municipality or government agency. A partial list of municipalities we finance is listed below:
- Armed Services
- Federal Government Agencies
- Fire Houses
- Police Department
- Public Schools
- State Agencies
This list is only an example of what we can finance. We can finance any state or federally controlled entity. Please contact us so one of our finance specialists can discuss your specific needs and how we can arrange the financing your company requires.
Why Lease? Leasing Is The Right Choice!
Leasing is one of the fastest growing ways of acquiring equipment in business today. Recent surveys found that 80 percent of all U.S. businesses lease some portion of their equipment inventory. A growing business often faces the dilemma of limited cash flow and the need to add equipment. Equipment leasing can put the equipment to work for you with real cash flow advantages and without major capital investment. We can lease virtually any type of equipment, including software and installation.
Low Monthly Payments
The monthly lease payment will usually be lower than the payment required by other methods of financing.
No Need to Tie up Capital
Keep your business cash for future needs and unexpected expenses, especially when revenues are low.
You Can Always Lease Equipment – You Can’t Lease Money!
Most types of financing require down payments of up to 25 percent, whereas leasing covers 100 percent of the cost of the equipment. Most leases provided require only one or two payments in advance. Get immediate use of the equipment with minimal up-front expenditures.
Preserve Existing Lines Of Credit
Leasing has no impact on your bank credit lines. Protect your borrowing power for other business needs or professional opportunities.
Technology is changing at a rapid pace. What meets your business needs today may be obsolete three years from now. Leasing allows you the flexibility to maintain a competitive edge by giving you the best technology available today, also allowing you to upgrade when the equipment has outlived its advantage.
Fixed Payments through the Term of the Lease
Unlike bank lines of credit that usually have variable rates, lease payments are fixed no matter what happens in the market. By choosing to lease you won’t be a victim of skyrocketing interest rates. Remember in the 1980’s when interest rates rose from 9 percent to over 20 percent in one year? That can’t happen to you with equipment leasing.
Significant Tax and Accounting Advantages
Leasing eliminates the need for complicated depreciation schedules because lease payments are generally line item expenses on your profit and loss statement. Since lease payments can usually be treated as a pre-tax business expense, you may even reduce your taxes. Paying cash for equipment automatically adds 30 to 40 percent to the cost when you realize that cash equals profits and taxes are paid on profits.
Equipment leasing is the right choice! It minimizes demands on cash flow, eliminates obsolescence, keeps your bank lines open, saves on taxes, and shelters you from the market. Contact us by phone, email, or on our website for more information on our equipment lease options.