Equipment Leasing & Financing

In this economy, proper budgeting is essential for the day-to-day operations of a business. WB FINANCIAL's equipment lease calculator allows you to obtain a NO OBLIGATION equipment leasing quote in 30-seconds! No need to set aside thousands of dollars for an equipment purchase... keep that cash in the bank and utilize equipment lease finance options to get the latest equipment in your hands. WB FINANCIAL's equipment leasing calculator provides estimated payments for 36, 48, and 60-month lease/loan terms, with both $1 and 10% buy-out options.

Need that new piece of equipment right away? Apply online via our secure server with a click of the mouse after obtaining your quote.

Business equipment leasing is a commercial finance tool, not unlike a loan, where an equipment leasing company (lessor) purchases equipment and then rents it back to the lessee for a predetermined number of months, at set monthly payments. The payments are fixed and do not vary with constantly changing interest rates. All leases are structured with some sort of end-option, which is able to be exercised at the end-of-lease, assuming payments have been made according to terms. Various equipment leasing end-options include:

* $1.00 BUY OUT (Capital Lease, Finance Lease)
* 10% End Option (10% PUT)
* FMV (True Lease, Operating Lease)

Equipment leasing is the preferred method of financing equipment acquisitions due in part to the possibly tremendous tax advantages they offer. Qualified lease payments can be expensed in their entirety, as they are made. This kind of "off balance sheet financing" makes equipment leasing an attractive choice for any business at any stage of growth.

$1 End Option-
With a "plain English" $1.00 purchase option, the lessee must purchase the equipment for $1.00 at the end of the lease term. The $1.00 (or $101 for tax purposes in some state) purchase option is also known as a "full payout lease" or a "disguised purchase." Leasing equipment with a $1 end-option is perfect for businesses that KNOW they would like to own the equipment at the end of the lease.

10% PUT-
A "PUT", is a predetermined end-option based on 10% of the original financed amount. This allows the lessee to enjoy lower payments through the term of the lease, while still giving them the peace-of-mind knowing they still have a GUARANTEED end-option amount. This is ideal for businesses that know they want to own the equipment at the end of the lease term, but want to enjoy lower monthly payments.

FMV (Fair Market Value)-
A lease structured with a FMV purchase option is perfect for any company seeking the MAXIMUM tax and accounting benefits that an operating lease can provide. Often times, the entire monthly lease payment can be deducted as an operating expense. This can greatly reduce tax liability at the end of the year. A business with a FMV lease has the option to purchase the financed equipment at the end-of-lease, at its current fair market value. FMV leases allow for the lowest monthly payments.

Almost ANY business in ANY industry can lease equipment. There are small business equipment leasing options across nearly every industry, with special financing programs for start-up companies and freelance industry professionals alike! For larger commercial equipment acquisitions, equipment lease funding can be secured in amounts up to $50 million. If your business depends on a piece of equipment or machinery to generate profits, leasing business equipment is an option you MUST discuss with your CPA or tax adviser.

Both new and used equipment leasing options exist across almost every industry. Equipment must either come from a certified, reputable equipment vendor, or clear title/proof of ownership must be provided. An equipment leasing company will often choose to run a UCC search on any piece of used equipment to ensure there are no liens on the collateral.

Generally, almost any piece of equipment that needs to be acquired quickly and efficiently is a perfect candidate for an equipment lease, including:

* Camera Equipment | Photography Equipment
* Audio Equipment
* Broadcasting Equipment
* Video Equipment | Post Production Equipment
* Sound Engineering Equipment
* Woodworking Equipment
* Farm Equipment
* Computer equipment and software
* Commercial Vehicles & Business Fleets
* Construction equipment
* Forklift Leasing and material handling equipment
* Church Equipment (Video, Sound, Broadcast, Office & more!)
* Industrial Equipment
* Medical Equipment
* Laundry Equipment | Dry Cleaning Equipment
* Machine Tools
* Manufacturing Equipment
* Copiers, fax machines, business phone systems
* Renewable energy equipment
* Printing Presses | Printing Equipment
* Restaurant Equipment
* Tractors and Trailers
* Storage Containers | Delivery Containers and much, much, more!

Cash Is King-
Lets face it... cash is king. Why tie up your valuable cash reserves in a costly equipment acquisition? Equipment leasing helps to conserve working capital and allows you to find better uses for your cash. Buy that commercial building you've been renting, develop a new website or hire your competition's top salesman. It's the USE of equipment, not necessarily the ownership of it, which generates revenue for your business.

100% Financing-
Unlike traditional bank loans, equipment leasing allows for 100% financing. Soft costs such as installation, integration, freight and training can all be included in the financed amount. No need to worry about how you are going to pay for that extra $10k in overseas freight on that new loader-backhoe! Soft cost financing helps to further reduce initial out-of-pocket expenses for the lessee.

Preserve Bank Lines-
Bank lines of credit are ideal for short-term needs... PROTECT THEM! Leasing allows you to keep your bank lines-of-credit intact for emergency uses. Not to mention, bank lines often feature variable rates which are far less desirable for long-term financing needs.

Tax Benefits-
A leased structured as a "true lease" with a Fair Market Value end-option, allows for the entire lease payment to be fully expensed as it is made. The equipment write-off is tied to the lease term, which can be shorter than IRS depreciation schedules, resulting in larger tax deductions each year. The deduction is also the same every year, which simplifies budgeting. Predetermined end-options such as a $1.00 buy out and 10% PUT, do not qualify as a true lease.

Low Out-of-Pocket Costs-
Instead of the traditional 15-20% down payment that is typically required to initiate bank loans, typically only the first and last month's payments are taken in advance for a lease.

Convenience & Flexibility-
Probably one of the biggest reasons businesses choose equipment leasing. With same day approvals, application-only requests up to $150k, and terms that can be custom-tailored to meet any cash-flow need, equipment leasing is just about as "user friendly" as it gets.

Equipment leases are most often available through equipment leasing companies (lessors) and leasing brokers. Be sure and choose an equipment leasing company that has a level of expertise in your specific industry. Be VERY wary of any calls you might receive from leasing companies offering "pre-approvals" and below market rates. Many times, these are just attempts to get a signed credit application returned from a customer. Look for a equipment leasing company that can become your financial partner, not just a call center full of telemarketers cold-calling on businesses in various industries.

Look VERY closely at that equipment leasing approval letter you just received. If it says "Proposal" at the top... Don't sign anything and don't write any checks. The "Proposal" wording is a favorite tool of classic bait-and-switch leasing companies who draw customers in with attractive terms, only to change them at the last minute. Some less-than-reputable leasing companies use these "approval letters" as a way to collect a deposit from a customer and lock them in to a deal. These "approval letters" are often drawn up with complete terms before a transaction has even been approved in credit.

A true equipment leasing approval letter should only be signed after credit approval is obtained, and only if there is wording noting that "In the event the equipment lease/equipment loan is not approved/documented/funded as outlined above, any deposit monies are fully refundable minus any fees deemed earned."

**Watch out for wording like the following**
"By executing this proposal you agree that the terms and conditions set forth herein shall be superseded in their entirety by any subsequent lease agreement executed, which may contain additional and/or different terms then contained in this proposal."