Why Lease?
Asset Management
Leasing allows your company to gain timely access to the most efficient and cost saving equipment needed to maintain your competitive edge.
Cash Flow
Leasing helps your company to conserve cash through lower monthly payments. Cash and bank lines can be conserved for operating needs, payroll expenses and future expansion.
Improved Performance Ratios
Leased equipment meeting certain Financial Accounting Standards Board criteria can be treated as an operating expense, rather than appearing as an asset or liability on the balance sheet, and is typically fully tax deductible.
Tax Planning
Lease payments can be claimed as a tax deduction that is often a larger deduction than traditional financing allows. Leasing can also help companies minimize AMT and Mid-Quarter Convention implications.
Convenience
It is generally easier for your company to meet its capital acquisition needs via equipment lease finance. The credit criteria and structures are generally more flexible than other forms of lending.
Preservation of Working Capital
100% financing and lower monthly payments reserve precious cash resources for other areas of your business.
Flexibility
The lease term can be tailored to match the useful life of the equipment, and payments can be structured to assist with your business cycle.
Low Technological Obsolescence Risk Factor
An operating lease structure can provide you the maximum tax benefits, lower your overall operating costs and simplify record keeping for tax purposes, budgeting and cost controls. It can track your acquisitions, keep you on schedule for new equipment, and eliminate the complication of equipment disposal.
Are you a candidate?
How often do unexpected capital expenditures disrupt your cash flow? What outdated equipment is currently impacting your competitive edge? Where might your cash and bank lines be better utilized?
Call the North Shore Bank Equipment Finance Group at 414.257.8785 to see how an equipment lease with NorthShoreBank Leasing, LLC can benefit your business!
