For lease lines up to $100,000, all that may be required is a simple application. Special vendor programs may give our lessee a higher dollar approval on pre-approved programs using a simple application. Generally, for higher amounts additional documentation may be required, such as financial statements. Your Prolease consultant can help you streamline this process.

Leasing permits a close matching of rental payments to the revenue produced by using the equipment.

A lease requires only a lease payment at the beginning of the first payment period. This payment is usually much lower than a typical down payment. On a loan, a typical down payment can be at least 20% of the purchase price.

Leasing keeps debt lines open for working capital and other short term needs rather than be tied up in capital expenditures.

A lease does not contain restrictive agreements or covenants found in most bank agreements that limit the lessee's ability to borrow future funds. As long as the lessee continues to make their lease payments, the lessor can not disrupt the lessee's use of the equipment or demand the immediate payment of the outstanding lease payments.

 Leasing conserves capital for alternative uses including investments, improvements, inventory and other business needs.

When leases are structured as true leases, the end user may claim the entire lease payment as a tax deduction. The equipment write-off is tied to the lease term, which can be shorter than IRS depreciation schedules, resulting in larger tax deductions each year. The deduction is also the same every year, which simplifies budgeting. (Equipment financed with a conditional sale lease is treated the same as owned equipment.)

Call us to discuss the best program for you. 800-570-8200