Benefits of Financing Salon Equipment
Leasing contracts can be tailored to meet the needs of each company. These include; tax advantages, cash flow, flexible buyout, variable payment levels, or other considerations.
Conserves Working Capital
Leasing requires a minimal down payment to acquire equipment, which allows the lessee to use their cash elsewhere in their business.
Expands Your Credit Resources
Existing bank credit lines are not utilized, leaving them available for working capital, seasonal requirements, and other operating needs. Leaving your existing credit lines open maintains your competitive flexibility while expanding productivity.
More Advantageous Terms Than Bank Credit
Banks generally require a strong relationship and deposits to be willing to finance you. Often this includes cross-collateralization, compensating balances, corporate restrictions, and substantial down payments.
Leasing May Improve Taxes
You may be able to deduct your lease payments as an operating expense, rather than depreciating the equipment over a long period. This can result in a lower real cost to you on an after-tax basis, and not to increase liabilities on your balance sheet.
Ownership of Equipment
Accrual of equity and ultimate ownership of property at the end of term. We offer a variety of end of term options.
Rather than diluting stock to raise cash for capital equipment purchase, leasing can provide a financing avenue without sale of stock.
With flexible payment schedules and your choice of equipment, leasing is the most convenient form of financing utilized today. Our one page application makes leasing the easiest. CLICK HERE TO APPLY