EQUIPMENT LEASING AND FINANCING
Equipment Leasing
Why Lease?
Leasing is the right choice!
Leasing is one of the fastest growing ways of acquiring equipment in business today. Recent surveys found that 80% of U.S. businesses, from Fortune 500 to the local family business, lease some portion of their equipment. A growing business often faces the dilemma of 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.
Low monthly payments
The monthly lease payment will usually be lower than the payment required by other methods of financing.
No need to tie up capital
Keep your business’ cash for future needs, unexpected expenses or working capital when revenues are low.
You can always lease equipment – you can’t lease money!
Most types of financing require down payments of up to 25%, 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.
Preserve existing lines of credit
Leasing has no impact on your bank credit lines. Protect your borrowing power for other business needs or opportunities.
Eliminate obsolescence
Technology is changing at a rapid fire pace. What meets your business’ needs today may be obsolete three years from now. Leasing allows you the flexibility to maintain a competitive edge by giving you today’s best technology then allowing you to upgrade when the equipment has outlived its advantage.
Fixed payments through the term of the lease
Unlike bank lines of credit that usually have variable rates, lease payments are fixed no matter what happens in the market. By choosing to lease you won’t be a victim of skyrocketing interest rates. Remember the 80’s when rates rose from 9% to over 20% in one year? That can’t happen with leasing.
Significant tax and accounting advantages
Leasing eliminates the need for complicated depreciation schedules since lease payments are generally line item expenses on your P&L statement. And since lease payments can usually be treated as a pre-tax business expense you may even reduce your taxes. Paying cash for equipment automatically adds 30-40% to the cost when you realize that cash = profits and taxes are paid on profits. Leasing is the right choice! It minimizes demands on cash flow, eliminates obsolescence, keeps your bank lines open, saves on taxes and shelters you from the market.
Types of Leases We Offer
Application only for up to $75,000. No financial statements necessary.
Middle market financing up to $500,000
Large ticket over $500,000
Approvals for application only in 24-48 hours. Middle market and large ticket usually take 3-5 days.
Sale & Lease Back
Many companies need working capital for expansion and do not want to use their bank lines for working capital. We have a program where we can use the equity in your existing equipment to give your company the working capital it needs. We buy your equipment and lease it back to you and when all the payments are made you own the equipment again.
Startup Program
Most financial institutions will not finance companies that are just going into business. If your company has just started in business, or is in business for a short time usually less than two years, we can help you grow by financing the equipment you need to be successful.
B, C and D Credits
In these tough economic times many businesses have suffered financially. Additionally, the owners of these companies have seriously damaged their personal credit. We have developed a “second chance” program to help these companies. We can structure your financial needs to help you rebuild your company.
Equipment Financing & Leasing Services available for these industries & more:
Auto Repair & Diagnostic Tools - automotive shop equipment
Beauty Salon Equipment & Furniture -for spas, hair & nail salons
Commercial Cleaning & Laundry - janitorial & laundromat equipment
Computers & Mobile Devices - desktops, laptops, tablets & smart phones
Construction & Heavy Equipment - machine tools, power tools & more
Entertainment & Amusement - instruments, playgrounds, sports equipment & more
Farm & Landscaping Equipment - growing, harvesting, and managing
Fitness & Exercise Equipment - for health clubs or home gyms
Fleet Tracking & Management - gps systems & fleet management software
HVAC / Heating & Cooling - systems for the home or office
Material Handling -forklifts, conveyors & more Medical & Dental Equipment - professional practices & home care
Office Equipment & Furniture - everything from desks to copy machines
Pet Care Equipment - for veterinarians & groomers
Photo & Video Equipment -professional and studio
Point of Sale (POS) Equipment - credit card processing and more
Restaurant Equipment - refrigeration, food prep, cooking and more Security Systems & Monitoring - for the home & office; safes & lockboxes, too
Software Leasing - CRMs, CAD & other business tools
Specialty Graphics & Signs - design & fabrication equipment
Telecommunication, IT & VoIP - business phone systems & servers
Water Purification & Filtration - POU water treatment systems
Up to $250,000
Call for larger financing amount
No Financial Statements or Tax Returns
Fast approval and up to 60 months to pay
We can also do Startup Companies!
If you have been turned down for credit from any other company Diamond Business Loans can help, give us a call or click here! Diamond Business Loans is a specialist in funding all types of specialty trucks and construction equipment. We work directly with equipment dealers or end users. Our specialty is less than perfect credit or people who have been turned down by traditional sources. We can pre-approve transactions fast. Normally, we do not require financial statements or tax returns on any transaction up to $75,000. We also have a preferred rate program for better credits. Our application is the easiest to fill out.
