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6051 East Campo Bello Drive, Scottsdale, Arizona 85254

How does equipment financing differ from a traditional business loan?

  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

What’s the first step?

  1. Determine type of equipment and the estimated sales price.
  2. Submit an application online at www.allianceleasing.net/application and receive a decision within 24 hours.
  3. Review available terms.
  4. Grow Your Business.
steps

What is the interest rate?

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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.

Can payments be tailored to fit my specific needs?

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.

Flexible Finance Programs
  1. Seasonal – good for businesses that experience fluctuating time periods of higher and lower revenue production. Pick three months you want on an irregular payment schedule.
  2. 60/90 Day Deferred – This is a great asset for acquiring equipment that does not generate income during the first several months.
    • 1 advance payment, followed by 3 months deferred, followed by a regular payment schedule for remaining term.
  3. Working Capital - provides customer with additional cash to be used as seen fit, i.e. marketing, inventory, expansion, cash flow, etc.
think outside the box

What types of equipment do you finance?

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
Carpentry Fitness Painting Information Technology
Concrete and Paving Flooring Photography & Video Sports
Construction Food Services Plastering Storage
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
Electrical Landscaping Restaurant Waste Removal
Engraving Manufacturing Retail Welding
Entertainment Marina Roofing Excavating
Medical Schools/Education Farming and Agriculture Mining
Sewing and Embroidery and more...
trucks

Is there a penalty for early payoff?

The way to save the most money is to choose the shortest term available. There are a few options for early payoff:

  1. You can pay more than the monthly payment, which is applied to the balance of the agreement.
  2. If paying off entire amount prior to term end, a nominal discount will be given.
  3. If financing more equipment, a greater discount will be given.
profits

What is the maximum amount I can finance?

  1. For a new business $49,500.00 plus applicable taxes
  2. For an established business of 2 or more years, maximum $200,000 Application Only.
  3. Over $200,000, 2 years tax returns required.
  4. The minimum amount financed is $5,000.

Does A LEASE mean that I don’t own the equipment?

profits

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.

What if I have a low credit score?

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.

Is this type of financing really 100% tax deductible?

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.

taxes

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.

Even though this is commercial financing, does it still reflect on my personal credit?

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.

piggy under umbrella

More Questions? Please Contact Us we would love to help you!