| Leasing equipment has specific advantages over other types of financing or purchasing with cash. Below, we outline several key reasons why leasing can be an attractive alternative. Hampton Ridge Financial endeavors to give you a clear understanding of the benefits of leasing so that this information will help you when you are considering the acquisition of equipment crucial to your company's success. |
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| Cash Management |
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| Conserving Cash |
| The #1 reason businesses fail is due to lack of liquidity. Maintaining ample cash balances in your checking account should be a top priority for a company of any size. Leasing with Hampton Ridge Financial allows you to conserve your cash for times when you need it most. |
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| Used Equipment |
| Often times, banks are only interested in financing new equipment purchases. Leasing provides an easy way to take advantage of the benefits of purchasing used equipment for your business. |
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| Fixed Payment |
You will not need to worry about the rising cost of money. Now is the perfect time to lock in a payment that fits within your cash flow. |
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| Avoid Capital Budget Restrictions |
Can your company really afford to wait until next year's budgeting process to acquire the equipment you need now? Ask us about our lease to own programs. |
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| 100% Financing |
| Conserve your line(s) of credit to support your accounts receivable, inventory and other working capital needs. Hampton Ridge Financial can provide 100% financing, allowing you to acquire the equipment you need without a major cash outlay. Why use up the available funds on an equipment purchase that is easily financed via leasing? Let your bank borrowing ability support your company's ongoing cash flow needs. |
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| Technology Change |
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| Equipment and Leasing Upgrades |
Continually maintain the equipment necessary to meet your industry's standards. Quickly upgrade your technology through leasing to keep your company's competitive edge. Existing leases with Hampton Ridge Financial can also be upgraded to reflect the dynamic nature of your business. |
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| Avoid Disposal Issues |
At the end of your equipment lease you can return the equipment. If you use a bank loan or purchase equipment with cash, you are burdened with selling the used equipment yourself if you no longer need it or if it is out-of-date. |
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| Tax Benefits |
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| Tax Advantages |
| Leasing provides your company with significant tax advantages you can't achieve when you pay with cash or finance via a traditional bank loan. Don't wait - maximize your tax benefit this year via the recently modified IRS Section 179 allowing businesses to write off up to $112,000 in leased equipment. Alternatively, write off 100% of each monthly lease payment as an operating expense throughout the entire term of the lease. Please confer with your tax professional regarding these advantages. |
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| Flexibililty and Convenience |
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| Convenience |
Complete our simple, one-page application and return it to us with your equipment quote for any purchase under $150,000.
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| Quick Turnaround |
If your company is like most, timing is everything. Who has time to undergo a lengthy and burdensome credit approval process? Upon receipt of your credit application and equipment quotation, you can expect to hear an answer in one to two business days.
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| Flexible Payment Options |
Leasing is an extremely flexible financing tool. Unlike bank loans that only offer fixed, level payments, Hampton Ridge Financial can offer you many flexible payment structures. It's important that we find the solution that best fits your business cash flow needs. |
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| Start-Up Financing |
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| Often times, a bank may not consider a business for financing if it has less than two full years of operations. Typically, the only lenders that will provide financing to start-up businesses are those with a niche expertise in a particular line of equipment or industry. |
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| Establish Credit |
| As your business grows, you will need to either trade up or acquire more equipment to meet your increased demand. By establishing your credit with Hampton Ridge Financial, it will be easier to acquire your next piece of equipment.
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