Equipment Financing
Equipment Financing
Equipment leasing – made easy
Let Spates Financial Inc. meet the needs of your growing business by providing access to the best equipment available with financing options that protect your cash flow.
- Keep your edge in the market by leasing the latest equipment while aintaining credit and capital with minimum tax liability.
- Avoid delays and save time with our convenient leasing application.
- Streamlined approval means results in as little as three hours.
How to Apply
For equipment costing between $15,000 and $1,000,000 a completed application is all that we need to start the credit approval process. Submit the completed application : APPLY NOW Once submitted, an Equipment Financing representative will assist you in choosing the best lease alternative to meet your needs. An approval decision can be delivered in as little as three business hours, often without financial statements.
What Equipment Can Be Leased
Spates Fi strives to provide you with the equipment you need to keep your business moving:
- Agricultural equipment
- Bus and Coach
- Commercial Vehicles
- Computer equipment and software
- Construction equipment
- Forklifts and materials handling equipment
- Industrial equipment
- Laundry equipment
- Machine tool equipment
- Manufacturing equipment
- Medical equipment
- Pavement
- Rental Car Fleet
- Fitness Construction
- Limousine
- Tents & Events
- Tractors and trailers
- 3D Printing and Laser
- Transportation
Advantages of Leasing
Spates Fi offers your business:
- Less impact on cash flow Flexible payments compliment your cash flows. Leasing can be ideal for seasonal or cyclical businesses to align payments with peak cash flow periods. Most credit decisions can be made within three business hours. Transactions up to $100,000 only require completion of our streamlined, single-page application.
- Freedom of capital and credit Keep your capital and credit available for the areas of your business that need it the most.
- Immediate use of equipment After signing your lease documents, you can contact the vendor to schedule delivery of leased equipment. It’s that easy.
- Project-by-project leasing Flexible lease terms will allow you to lease new equipment from project to project, meaning you stay competitive with the latest equipment – and avoid the hassle and waste of obsolescent equipment. Our customized leasing structure also allows you to end separate equipment leases simultaneously to provide a seamless transition from old technologies to new (subject to credit approval).
- Tax benefits Deduct monthly lease payments as an operating expense on certain leases. Leasing may also help your business avoid the Alternative Minimum Tax (AMT).
- Optimized balance sheet ratios Unlike traditional methods of financing, operating lease obligations are generally not capitalized, improving balance sheet ratios.
Available Lease Options
- Options for purchase or renewal End your lease by returning or purchasing the equipment. You may also decide to continue the lease, or upgrade your equipment.
- Reduce interest rate risk Lock in fixed payments now and avoid the risk of inflation in the future.