|equipment financing||traditional loan|
|100% Financing||Compensating Balances Required|
|Expands Credit Availability||Reduces Credit Availability|
|No Down Payment||Large Down Payment|
|Application Only Program||Full Financial Disclosure|
|24-Hour Approval||2-3 Week Approval|
|2-5 Year Terms||2-3 Year Terms|
|New OR Used Equipment||New Equipment ONLY|
|Includes Soft Costs Such as Labor, Install and Delivery||NO soft costs|
|No Additional Collateral||Pledge of Additional Assets|
|Doesn’t add Additional Personal Debt Reported to Business Bureaus Only||Increases Personal Revolving Debt & Reduces Credit Availability|
|Payment 100% Tax Deductible||Interest Portion Only Can be Deducted|
The payments are not comprised of principle and interest. The finance charges are built directly into the payment which are determined on a case by case basis. This is beneficial to the borrower as the payments are fixed and do not fluctuate with the economy. Once we have the cost of your equipment and an initial approval on your application, we can work with you to determine your payment amount.
We are continually adding innovative services to our existing capabilities and offering flexible finance options. Through our network of bank lines, partnerships, and private investors, Alliance Leasing promotes its services to literally hundreds of business customers each month.
Virtually any equipment can be financed. Here is a brief overview of just some of the industries we have experience working with:
|Auto Restoration & Repair||Fire Systems||Moving||Signage|
|Concrete and Paving||Flooring||Photography & Video||Sports|
|Copy and Mail Centers||Hair and Nail Salons||Plumbing||Surveillance/Security|
|Day Spas||HVAC||Pool and Spa Maintenance||Textile|
|Dental||Industrial Cleaning||Power Washing||Transportation|
|Dry Cleaning||Computer and Telephone||Property Management||Vending|
|Medical||Schools/Education||Farming and Agriculture||Mining|
|Sewing and Embroidery||and more...|
The way to save the most money is to choose the shortest term available. There are a few options for early payoff:
Our product is unique because it is written in the form of an equipment finance agreement. This allows you to write off 100% of the payment and own the equipment at term end.
Alliance does not “credit score”. Although credit can be a factor in the final determination, it is only part of a larger picture that we consider. We look at the whys of your score, time in business, business credit, comparable borrowing, payment history, etc.
Businesses owners who acquire new or used equipment during the tax year 2018 should qualify for the Section 179 Deduction. The cost of the equipment can be deducted in a single tax year and gives the business ability to expense (deduct from taxable income) up to $1,000,000.00 in equipment purchases if put into use by December 31.
The $1,000,000.00 deduction phases out when a business purchases more than $2,000,000 in one year. An example of non-tax/capital leases include a $1.00 Buyout Lease, an Equipment Finance Agreement (EFA) and a 10% Purchase Upon Termination (PUT) Lease. Section 179 property is property acquired for use in the active conduct of business. By taking advantage of Section 179, the tax savings realized could be significant.
All financing provided is strictly commercial. All owners are required to sign on behalf of their company; however, this is the only form of financing that gives you the ability to keep business credit separate from personal.
We only report to business credit bureaus which won’t add additional personal debt or increase revolving balances. This allows you to build business credit, while protecting your debt to income ratio on your personal credit.
More Questions? Please Contact Us we would love to help you!