XMi Financial Services

financing for new & used equipment
leasing for manufacturers, distributors and dealers

Leasing Facts:

Companies that lease tend to create more jobs and be the most entrepreneurial and competitive. Source: Equipment Leasing Association of America (ELAOnline)

Why lease?

Benefits of Leasing

Most businesses lease equipment to maintain cash flow for day-to-day operations and to keep lines of credit available for growth opportunities. In a 2006 survey of the Small Business Administration’s (SBA) U. S. State Small Business winners, “increased cash flow” was cited as the top benefit of leasing equipment.

While businesses may initially consider leasing to maintain cash flow and available credit, they find that leasing equipment can provide other benefits, including:

  • Preserve working capital. Utilizing an equipment lease will allow you to keep your bank lines free for other purchases.
  • Asset utilization. As opposed to a purchase, your lease allows the equipment to pay for itself.
  • Tax savings.* Depending on the type of lease, you may be able to deduct the payments or take depreciation on the equipment.
  • Up-to-date equipment. With rapid advances in technology, many pieces of equipment can become outdated very quickly. Leasing offers the flexibility to upgrade as your business grows and technology changes.
  • 100% financing. You may be able to include installation, training, freight and rigging into your lease package. This can keep your business running more smoothly and efficiently.

Download a credit application (pdf)   Consider leasing to maintain cash flow—contact XMi Financial Services today.

* Always check with your accountant or financial advisor to verify deductibility and any tax benefits.

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