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Simplified Financing For Growth

Don’t tie up your capital or business credit. Partner with us for seamless equipment financing and gain wholesale pricing. Save more, earn more, and grow together. It’s a win-win tailored to your business needs.

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Information

Tax Incentives: Section 179

Unlock significant tax savings with accelerated depreciation on qualifying equipment and technology. In 2024, you can deduct up to $1,220,000, adjusted annually for inflation. For purchases exceeding $3.05 million, benefit from a dollar-for-dollar phase-out tailored for small to mid-size businesses. Plus, leverage a 60% bonus depreciation on qualifying assets. Utilizing Section 179 enhances your bottom line and supports investments in new equipment and technology. Consult with your CPA and legal experts to fully capitalize on these advantages.

Simple Requirements, Streamlined Process

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Minimum Qualifications

  • FICO score of 620 or higher
  • Business actively operating & incorporated in an eligible U.S. state
  • Business in good standing

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Application Qualifications

  • Complete an equipment financing application
  • Provide the last three months’ bank statements
  • Submit an equipment quote or invoice

Benefits of Equipment Financing

Financing your equipment is a strategic way to preserve cash and maintain available credit lines, allowing you to obtain the necessary equipment without impacting your current financial resources. The entire process, from application to documentation, is streamlined and can be completed online in less than 15 minutes.

Equipment Financing vs. Other Payment Options

Financing vs. Purchasing Outright

Not every company has the working capital to buy all the equipment, and software they need outright. Financing your equipment allows your business to retain more cash for future opportunities, spreading the cost over time with manageable payments. Financing vs. Using Credit Cards For many small businesses and startups, credit lines are precious and limited. Using credit cards to purchase equipment can deplete these lines, which might be needed for other critical expenses. Financing keeps your credit options open for future needs.

Financing vs. Renting

Why settle for renting when you can finance equipment and save money? If you can rent it out to yourself or others for over 40% of the time, you’ll find it’s often cheaper than renting continuously. This not only ensures you have the equipment when you need it, but also turns idle time into revenue-generating opportunities. Consult with your CPA and legal experts to ensure compliance with IRS regulations and maximize your financial benefits.

Disclaimer

The information provided on this website is for general informational purposes only and is not intended as financial, legal, or professional advice for equipment rental or any other business activities. While we strive to provide accurate and helpful information, we make no representation or warranty of any kind regarding the reliability, suitability, or availability of the information offered.

Before making any decisions based on the content provided here, please conduct your own research and consult with certified public accountants (CPAs), lawyers, and other relevant professionals to determine what is best for your specific business needs.

Frequently Asked
Questions

Why was Section 179 created?

To motivate small businesses to invest in growth through accelerated depreciation and tax deductions.

Deduct up to $1,220,000 for qualifying property, with a phase-out starting at $3.05 million.

Allows an additional 60% depreciation for amounts exceeding the Section 179 limit.

Yes, financed purchases can still qualify for Section 179 deductions. Consult with your tax advisor.