At North Star Leasing Company, we strive to alleviate any stresses business owners face when dealing with necessary equipment. We offer business equipment financing options for a variety of industries across the nation! Here are some reasons why you should consider equipment leasing with us:
Why financing makes sense:
- You can free up your working capital: When you lease equipment instead of exhausting cash accounts on fixed assets, you are free to use your capital for other income producing expenses. Leasing improves cash flow by enabling increased productivity while keeping your funds liquid. Unlike other forms of financing, business equipment leasing does not require a large down payment.
- You can protect your line of credit: Lease payments have no impact on your bank credit lines. Leasing does not show up as a liability on your balance sheet, thus preserving borrowing power for other business needs, such as inventory and payroll.
- You eliminate obsolescence: Leasing allows you to take advantage of new up-to-date equipment and maintain a competitive edge.
- You gain tax advantages: As a business expense, lease payments may be 100 percent tax deductible as opposed to only depreciation and interest deductions for bank financed equipment, resulting in a full write-off over the term of the lease.
- You can purchase today’s technology on the spot. If you don’t have the full amount for a new piece of equipment, leasing can help you get modern technology without taking a huge hit to your savings.
- You’ll get lower monthly payments: Business Equipment Leasing allows you to acquire additional equipment because lease payments may come out of several budget years.
Why financing with North Star Leasing makes sense:
- We have experience: With decades of experience, we’re more than a business equipment leasing and financing company — we’re your business partner.
- We offer competitive rates: North Star Leasing offers some of the most competitive rates in the industry.
- We make fast and liberal credit decisions: We do not use off-the-shelf scoring systems that frequently eliminate potentially good applicants because of length of time in business, nature of business or even unproven credit background. All customers are judged on their merit. We respond to the applicant the same business day.
- We provide simple documentation: We’ve made it easy for you to complete a lease application. Our simple online short form contract is generally all that is required.
- We avoid complicated terminology and lengthy application forms. We make it our goal to help business owners thrive. Making the business equipment leasing process simple does just that.
Interested in financing that next piece of equipment? Please feel free to reach out to our team for more information, and get started with North Star Leasing today!