In order to succeed, businesses need to have the right equipment. But getting the right equipment can be expensive. Sometimes, business owners try to save by renting machinery instead of buying. Or they may try to use free software instead of buying business software packages.
There are problems with both of these strategies. Renting something like a truck or backhoe can quickly become more expensive than buying one. And free programs don’t really provide the security a company needs for its information, or that of its clients. Entrepreneurs need to know that there’s a middle ground. It’s very possible to get ahead in business without outlying LARGE sums up front.
One way of doing this is with traditional credit. However, banks will only finance brand-new equipment. They require large down payments up front and it can take weeks to get a credit decision. A more efficient way to proceed is equipment financing. At Alliance Leasing, we make credit decisions in just 24 hours AND ARE ABLE TO FINANCE USED AS WELL AS NEW EQUIPMENT - WE HAVE NO AGE RESTRICTIONS.
With equipment financing, business owners are also able to take advantage of Section 179 of the IRS tax code. This allows a company to deduct the cost of equipment that was placed into service during the tax year. Businesses can deduct up to $1 million under this provision, which greatly reduces their tax liability.
Equipment financing means getting the things you need without spending all of your cash. With equipment financing, entrepreneurs make manageable payments for equipment over time, while it’s making them money. With financing, it can be possible to acquire more equipment at one time, rather than waiting and paying to purchase everything at full cost.
Alternatively, using financing means a business can use their cash on hand for other needed things. They can hire more people, spend more on advertising or pay someone to do in-depth research on the market and how to maximize their success. Using credit effectively makes it possible for any entrepreneur to do more with what they already have.
At Alliance Leasing, we’re able to finance just about any business equipment. If you need printers, software, updated telecom equipment, we can help. If you need industrial ovens, trucks and construction equipment, we can do that, too. Contact us today and let us know what you’re working on. We’ve been helping businesses just like yours for over 30 years.