Convenience: Unlike banks, Global will not burden your company with excessive reporting requirements. Simply complete our one-page
Lease Application and return it to us with your equipment quotation and you can expect our prompt response.
Quick Turnaround: If your company is like most, timing is everything. Who has time to undergo the lengthy and burdensome credit approval process required by most banks? Upon receipt of your credit application and equipment quotation, you can expect a response from Global within 24-48 hours.
100% Leasing: Conserve your line(s) of credit to support your accounts receivable, inventory and other working capital needs. Leasing can provide 100% funding, allowing you to acquire the equipment you need without a major cash outlay.
Tax Advantages: Leasing equipment provides your company with substantial tax advantages you can’t achieve when you pay with cash or financing via a traditional bank loan. Don’t wait - maximize your tax benefit this year via the recently modified IRS Section 179 allowing businesses to write off up to $108,000 in leased equipment. Alternatively, write off 100% of each monthly lease payment as an operating expense throughout the entire term of the lease.
Off Balance Sheet Leasing: Equipment Leasing is the perfect tool to acquire new equipment without further leveraging your company’s balance sheet. If additional debt may jeopardize an existing bank borrowing covenant, an operating lease may be the perfect solution to your next equipment acquisition.
Fixed Payment: You will not need to worry about the rising cost of money. Now is the perfect time to lock in a low monthly payment.
Start-Up Financing: Often times, a bank may not consider a business for financing if it has less than two full years of operations. Typically, the only lenders that will provide financing to start-up businesses are those with a niche expertise in a particular line of equipment or industry. Therefore, if you are a new business owner, leasing may be your best & most competitive option for acquiring your new equipment!
Establish Credit: As your business grows, you will need to either trade up or acquire more equipment to meet your increased demand. By establishing your credit with Global, it will be easier to acquire your next piece of equipment.
Flexible Payment Options: Leasing is an extremely flexible business tool. Unlike bank loans that only offer fixed, level payments, leasing can offer flexible payment options. Ask a Global lease consultant about our step up, deferral, skip and/or annual payment programs.
Avoid Capital Budget Restrictions: Can your company really afford to wait until next year’s budgeting process to acquire the equipment you need now? Global lease to own program is the perfect tool to acquire equipment today without being subject to this year’s capital budget restrictions.
Conserve Bank Lines: If your company has been successful in establishing a borrowing relationship with a local bank, why use up the available funds on an equipment purchase that is easily leased? Again, conserve your bank borrowing availability to support your company’s ongoing cash flow needs.
Used Equipment: Often times banks are only interested in financing new equipment purchases. While it may offer you an added opportunity, used equipment often presents added challenges to bank lenders who are typically less familiar with the useful life and resale values associated with used equipment. Regardless of whether or not you plan to buy your used equipment from a used equipment dealer or private (third) party, Global will likely have a variety of equipment leasing options from which you can utilize.
Contact one of our specialists today!
727-669-5509