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| Over 30% of all business equipment purchases in the US are acquired via a lease contract. This makes leasing the single largest form of external corporate finance in the country. Over 80% of companies – from small start ups to "Fortune 500" giants – lease some or all of their equipment. |
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| Fast, Simple, and Easy |
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| WRG Finance can provide up to a $150,000 lease approval from our one-page credit application. Credit approval typically occurs within 12-24 hours and lease documents can be emailed the same day. Vendor funding will occur within 24-48 hours after delivery and acceptance. |
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| Improve Cash Flow |
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| Leasing helps preserve your cash flow, freeing it up for opportunities, business operations, and unforeseen threats. |
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| Tax Benefits |
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| Operating lease are treated as expenses and payments are 100% tax deductible.
The equipment is not recorded as an asset, nor does it become a long-term liability. Instead it can be treated as an off balance sheet operating expense. |
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| Accelerate Depreciation With Leasing - IRS tax code Section 179 allows for acceperated depreciation and bonus expensing the first year of the lease, resulting in significant tax savings. |
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| Soft Costs Covered in Lease |
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| "Soft costs" can be included in the lease. This means that consulting, training, shipping, installation, CAN be financed and included in the lease payments. |
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| No Down Payment |
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Conventional debt financing often requires a 10-20% down payment.
Leasing can be provided with no payments up-front. |
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| Strengthens Credit Rating |
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| Leasing helps build your company’s credit rating. |
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Lessen Obsolescence Risks – easily upgrade / refresh technology
A short term Operating Lease (3 years) allows you to replace or upgrade equipment, with much less capital cost than purchasing. |
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| Flexible Payment Options |
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| We offer a wide variety of lease terms and types to fit your needs. See - Leasing and Financing Programs. |
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| No Restrictive Covenants |
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| Leasing doesn’t require restrictive covenants that a loan usually requires Loans usually contain covenants that are company-specific (restrict what can be done with the company). Restrictions on working capital, payments of dividends, additional borrowing, mergers or business consolidations, Leases contain covenants that are equipment-specific (restrict what can be done with the equipment, limitations on modifications or alterations of equipment, etc.) |
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| Financial Statements Often Unnecessary |
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| With leasing, inclusion of your financial statements is generally unnecessary if your transaction amount is below $150,000. |
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| Approval / Upgrade Speed |
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| Leasing can allow you to respond quickly to new opportunities with minimal documentation and red tape. We can approve your application within one or two days initiate your order very quickly. |
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