Equipment Financing
We work with Geneva Capital to provide flexible financing options for all of our Filtrabox systems. Whether you are an established corporation or a garage start up, we have a solution for your business.
Why Should You Finance Your Fume Extractor?
Preserve Cash Flow
Maintaining healthy cash flow is essential for the day-to-day operations of any business. By choosing equipment financing, you avoid a cash outlay that can deplete your reserves.
With more cash on hand, your business can respond more flexibly to unforeseen expenses or opportunities. This liquidity can be used to invest in marketing, hire new staff, or cover other operational costs, ensuring smoother business operations.
Tax Benefits
Tax planning is a critical aspect of financial management for any business. Equipment financing can offer various tax advantages that paying cash upfront cannot.
Depending on your local tax authorities, you may be able to deduct the interest paid on financed equipment or benefit from accelerated depreciation methods like Section 179. These deductions can significantly reduce your taxable income, lowering your overall tax liability and improving your net profit.
Predictable Budgeting
Managing a business requires accurate and reliable budgeting. Large, unexpected expenses can disrupt your financial plans and create cash flow issues.
Equipment financing typically involves fixed monthly payments, making it easier to forecast and manage your expenses. This predictability helps you plan your finances better, ensuring you can meet other financial obligations and investments without surprises. It also makes it easier to align your equipment costs with the revenue generated from using that equipment.
Build and Maintain Your Business Credit
Having access to credit is crucial for managing your business’s financial health and growth opportunities. Financing equipment helps you keep your lines of credit open for other needs.
By financing equipment, you avoid using up your existing credit lines, which can be essential for covering unexpected expenses, taking advantage of new business opportunities, or managing seasonal cash flow variations. Keeping your credit lines open ensures you have the financial flexibility to respond to various business needs without being over-leveraged.
FAQ's
WHAT ARE TYPICAL LEASE TERMS?
Lease terms typically range from 12-60 months. The most common lease terms are 36-60 months (three to five years).
CAN I LEASE TO OWN?
Yes. About 95% of Geneva Capital’s clients select a “lease-to-own” plan.
DOES LEASING REQUIRE A SIGNIFICANT DOWN PAYMENT?
No. Generally speaking, leasing requires little to no down payment. While the first & last month’s payments may be required, leasing is almost identical to 100% financing.
CAN I LEASE MORE EQUIPMENT WHILE I HAVE AN EXISTING LEASE?
Yes. Leasing opens the door for faster response to new business opportunities. Many leasing companies can approve an application for new equipment in a matter of a few days. This allows you &/or your company to react quickly to a new opportunity before your competitors can.
HOW DOES LEASING LOOK TO OTHER LENDERS?
Leasing can actually help you to look more attractive to traditional lenders when you need them. Operating leases are not considered a long-term debt or liability on your balance sheet, making you look more stable to lenders. Leases are also not reported to consumer credit bureaus.
IS LEASING FLEXIBLE?
Absolutely. Lessors offer flexible terms, allowing you to customize your lease to a program which fits your needs & requirements – cash flow, budget, transaction structure, cyclical fluctuations, etc.
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