- Funding from $30K to $2MM.
- No financial statements necessary.
- Approvals in 24 Hours and funding in 5-10 days
- Pay back terms as long as 7 years
- Companies established for 2 years or more
- Start-up Program available
This financial technique provides for expansion capital and preserves conventional bank lines for working capital. Our program can use the equity in your existing equipment to provide your company the capital it needs. We buy your equipment and lease it back to you and when all payments have been received you own the equipment once again.
Most financial institutions will not finance companies that are new in business. If your company is a start-up business, or is in business less than 2 years, we have a program to finance the equipment you need.
In these tough economic times, businesses have suffered financially. We understand that company owners may have damaged business and personal credit. We have developed a “second chance” program to help your business get moving again. We can structure your financial needs to help you rebuild or grow your company.
We can provide lease financing to any government or municipal entity with guaranteed approval. The rate is determined by the rating of the municipality or government agency. A partial list of qualified agencies that we can finance is listed below:
The above list consists of examples of what we can finance.
We can finance any state or federally controlled entity. Please contact us and one of our finance specialists evaluate your specific needs and determine how we can arrange the financing your company requires.
Leasing is one of the fastest growing ways to acquire equipment in business today. Recent surveys found that 80% of U.S. businesses, from Fortune 500 to the local family business, lease all or a portion of their equipment. A growing business often faces limited cash flow and the need to add equipment. Leasing can put the equipment to work for you with real cash flow advantages and without major capital investment. We can lease virtually any type of equipment, including software and installation.
Unlike bank lines of credit that usually have variable rates, lease payments are at a fixed rate no matter what happens in the market. By choosing to lease you will not be a victim of skyrocketing interest rates.
The monthly lease payment will usually be lower than the payment required by other methods of financing. Prime Funding Partners offers a variety of different leasing terms up to 72 months.
Keep your business’ cash for future needs, unexpected expenses or working capital when revenues are low. Leasing has certain tax advantages that other forms of financing may not offer.
Most types of financing require down payments of up to 30%, whereas leasing covers 100% of the cost of the equipment. Most leases require only one or two payments in advance. Get immediate use of the equipment with minimal up-front cost.
Leasing has no impact on your bank credit lines. Protect your borrowing power for other business needs or opportunities.
Technology is changing at a rapid pace. Equipment that meets your business needs today may be obsolete three years from now. Leasing allows you the flexibility to maintain a competitive edge by giving the newest, top-tiered technology then allowing you to upgrade when the equipment has outlived its advantage.
Leasing eliminates the need for complicated depreciation schedules since lease payments are line-item expenses on your P&L statement. Lease payments can usually be treated as a pre-tax business expense that may even reduce your taxes. Paying cash for equipment eliminates a write off and, in effect, increases the cost by your tax rate, which can be as high as 40%. Leasing minimizes demands on your cash flow, eliminates obsolescence, keeps your bank lines open, saves on taxes and shelters you from market rate fluctuations.
Contact us today for a free, no-obligation analysis of your financing needs.
A member of our professional staff will contact you to discuss your business’ short and long-term financial needs.