Holding onto your own money is what leasing is really all about. A good rule of thumb is to purchase the things that appreciate in value, and lease the things that depreciate in value. Leasing allows you to hold on to your money that would otherwise be lost by investing in equipment that loses its value over time.

     Hi there! I'm David Grigsby, owner of Wirth Business Credit in Indianapolis. I hope this information is helpful to your business. I do want you to know that there aren't many websites out there that are effective in answering all of your questions, but I do know about one that comes close.

 

Winmark Business Solutions

Winmark Business Solutions has over 6000 pages of information that can help you to start, maintain, and grow your personal business. Filled with expert content, this website can provide information that will help you make the right decisions that will help you be more profitable.

     Many business owners are faced with the challenge of finding fast, affordable financing for their businesses every day. Questions arise as to why a business owner should consider equipment leasing along with other traditional types of lending. The information below should be helpful in making your decision. If you have any questions, just pick up the phone and give me a call at 317-987-6870.

Preserve Your Cash and Working Capital

When you lease, your current working capital is not tied up in equipment. Instead, cash and working capital remain available for business opportunities such as expansion, investment in strategic initiatives, marketing efforts or seasonal cash flow needs.

Maintain Your Credit Lines

Existing lines of credit and borrowing availability are left intact - ready to be used for operating and short-term requirements.

Flexibility

When you lease business equipment, you don't get tied to equipment, machinery or computers that can become obsolete. At the end of your lease, you can buy your equipment, return it, or continue with lease payments. You have the flexibility.

Wirth Business Credit Leasing Offers 100% Financing

Our leases can finance 100% of the cost of the equipment, including most "soft" costs. Unlike small business loans from banks, your initial cost may be as little as one payment and a nominal documentation fee, there is no large down payment or compensating balance required. This means you will have more money to invest in your business.

Customized Solutions

A variety of lease funding options are available for small businesses, allowing you to tailor a program to fit your month-to-month or year-to-year cash flow needs. You are able to customize a small business lease program to address your needs and requirements.

Tax Benefits

Lease rental payments may be deductible for income tax purposes. Leasing equipment for your small business may actually cost less, in after-tax dollars, than outright purchase.

Predictable Payments that are Protected from Inflation

Leasing offers a lower fixed payment that will not change with inflation. You can budget and forecast with greater certainty. Your future payments will be made with ever inflating dollars, which lowers your true "economic" cost of financing.

Balance Sheet Management

Because funding business equipment through an operating lease is not considered a long-term debt or liability, it does not appear as debt on your financial statement, thus making you more attractive to traditional lenders when you need them. Because an operating lease is not considered debt, it usually does not negatively impact existing covenants on lines of credit or other credit facilities.

Overcome Budget Limitations

In situations where limited budgets would ordinarily delay or prevent the acquisition of equipment due to a limit on capital expenditures, leasing allows for quick budget approval due to its small monthly expense. A lease can fit the tightest of budgetary constraints.