Construction is one of the engines of the US economy. This industry involves over 600,000 businesses. Nationwide, it employs over 7 million people. Construction businesses require large investments. When in the need for major equipment, there are two options: rent or buy. Renting equipment is a good short-term solution. However, renting repeatedly quickly becomes expensive. There are more affordable ways to operate.
Equipment financing can be a great solution. At Alliance Leasing, our services differ from a bank loan in many important ways. For one thing, we make it possible for businesses to finance used equipment as well as new. This represents big savings right up front. By contrast, banks provide loans for only new equipment. We offer 100% financing with no down payment.
Financing with us does not require financials. Submittal of our easy to complete application can be found on our website - https://www.allianceleasing.net/. Decisions are rendered within 24 hours. Alternatively, banks can take more than two weeks before advising applicants of their decision. In addition, the typical bank loan does not cover soft costs such as installation and delivery. Alliance has the ability to finance soft costs in addition to the equipment itself.
One of the greatest benefits of equipment financing is the tax benefits. Under section 179 of the IRS tax code, it is possible to expense up to $1,000,000 in financed equipment annually as long as it is put into service the same year acquired. This is designed by the IRS to provide incentives for new investment and growth for businesses. It is a wonderful benefit that more entrepreneurs should take advantage of.
In the past, we have financed trucks, cranes and various tools working closely with several companies in construction and related industries. We are experienced with all types of trades including but not limited to HVAC, plumbing, flooring, roofing, and remodeling businesses. Chances are, if you need to replace old equipment, transition from renting to owning, or expand, we have helped someone else in your situation. Give us a call today. Tell us about your upcoming projects and what you need to get them done. We have been helping people just like you for over 30 years.