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Equipment Leasing
The primary benefits of leasing include improving cash flow, giving the lessee flexibility to upgrade equipment and favorable tax and accounting treatment.
We Offer:
- Competitive pricing and creative structures, as well as advice, consultation and a transfer of knowledge that will result in the most appropriate type of financing that accommodates your tax, accounting, and cash flow needs.
- A $100,000 "application-only" (no financial statements required) program for established companies who require a quick response.
- The capacity to finance a broad range of equipment types starting from $15,000 to $10,000,000.
BENEFITS
Preserves Cash:
You pay only for the use of the asset, not its ownership, avoiding tying up capital in assets that will be traded in for new equipment in the future.
100% Financing:
You receive 100% financing, eliminating the need for a down payment. You can use this cash elsewhere in your company for expansion.
Cash Flow/Budgeting:
You receive longer-term, fixed-payments, and potentially lower payments as the Lessor receives the tax benefits of ownership.
Alternate Source of Capital:
Your existing bank lines of credit, which may be limited, are not impacted. Leasing also is a less restrictive form of financing.
Off-balance Sheet Source of Funds:
You can improve ROE, ROI, ROA, and many other financial ratios by utilizing leasing instead of borrowing.
Tax Advantages:
You can avoid certain tax limitations. Lease payments are expensed and do not contribute to Alternative Minimum Tax exposure or to mid-quarter depreciation penalties.
Equipment Obsolescence:
You avoid the risk of owning equipment that is no longer technologically useful or valuable. This risk is assumed by the Lessor.
Flexibility and Convenience:
You can include many services in the lease payment, such as insurance, installation, engineering, maintenance, and taxes. Leasing generally involves less "red tape" and time than conventional financing. Additional equipment can be acquired without renegotiating existing loan covenants. Creative structures also are available to meet your specific needs.
Avoids Capital Budgeting Constraints:
You can acquire needed equipment outside of the capital budget. Lease payments usually are paid out of the operating budget.
For more information please contact:
Mark Haycock
Equipment Leasing Area Manager
mark.haycock@zionsbancorp.com
888-281-3259
Click here to compare with other financing options.
Subject to credit approval. |
