Equipment Leasing

Unlike the past, businesses today can get all their equipment leasing needs met at their local bank. Our leases are relationship based, not transaction based. No longer are there large fees and penalties around each corner. Businesses are treated fairly.

Leasing through your local bank makes sense. Local banks are at the forefront of providing businesses with capital to grow and expand. Leasing builds on our commitment to provide you with the financial tools you need to succeed.

We offer an accordion feature that allows for an increase or decrease in payment during the lease term depending on need for tax shelter.

80% of all businesses use equipment leasing today to acquire equipment, and almost any type of equipment qualifies for a lease. If your business is considering a lease for equipment, contact a commercial lender about the common sense options available.

Leasing Options

The popularity and growth of leasing is in large part due to the wide variety of available lease options. These include:
• 100% Financing: No Down Payment Required
• New Or Used Equipment
• Variable Payment For Seasonal Customers
• Fixed Rate For The Lease Term
• Can Be Structured To Meet Tax Objectives

Tax Lease vs. Capital Lease

A tax lease is structured to provide the leasing company with equipment ownership, and along with it all depreciation benefits. In return, your lease payments are fully deductible. The documentation for a tax lease is designed to conform to all related guidelines.

A capital lease, also known as a finance lease, is structured to pass all ownership benefits to you including depreciation. Only the interest portion of your lease payment is deductible, along with your depreciation expense. Such leases commonly have a $1.00 purchase option at expiration.

For counsel and guidance, we recommend you discuss your specific situation with your tax advisor to assess which lease best fits your needs.