| Make equipment leasing the cornerstone of your small business finance program. MicroBilt Financial and CIT Group have teamed up to offer you the best. Our custom lease financing to small business owners offers consistently competitive rates while providing a total lease management program.
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100% equipment financing with no money down |
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Broad coverage of equipment -
technology, medical, communication, material handling |
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Financing includes all costs (software, installation, consulting) |
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Immediate pre-approval for lease lines up to $250,000 |
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Customer control of vendor selection |
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Protection against equipment obsolescence |
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Low fixed payments |
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Efficient utilization of tax benefits |
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Improved cash flow forecasting |
Our partner, CIT Specialty Finance, provides a wide range of fully-automated leasing solutions to vendors and end users, allowing businesses to effectively acquire office products, technology equipment, medical equipment, telecommunications equipment, construction equipment and material handling.
Why Lease?
Leasing is the preferred method of acquiring equipment and Small Businesses are more likely to lease equipment than finance the same purchase. Each year US businesses lease more than 200 billion dollars worth of equipment. Over 80% of American businesses lease at least one of their equipment acquisitions and nearly 90% say they would choose to lease again.
Your customers can lease almost anything associated with the operations of their businesses (including capital equipment, hardware, software, and soft costs such as installation and consultation).
What Types of Leases are Offered?
1. True Lease or Operating Lease
What it is good for:
Used with equipment that rapidly depreciates or becomes obsolete in a short period of time.
How it works:
In a true or operating lease, the leasing company retains ownership of the equipment during the lease. True or operating leases typically have no predetermined buyouts; customers usually classify these payments as an operating expense.
Benefits:
Lower payments and typically the most tax-friendly form of leasing, Additionally, true or operating leases offer three choices at the end of your lease:
- Return the equipment to
the leasing company, purchase the equipment at its fair market
value or option amount, or
- Extend your lease term.
2. Finance Lease or Capital Lease
What it is good for:
If you plan on owning the equipment at the end of the lease.
How it works:
The full purchase price plus interest charges are spread over the length of the lease.
Benefits:
You will own the equipment at the end of the lease for a minimal amount, such as a fixed percentage of the original cost or $1.00.
For sales assistance please call: 1-800-257-2807.
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