Liquidity: The #1 reason small 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 allows you to conserve your cash for times when you need it most; if your company has been successful in establishing a borrowing relationship with a local bank, why use up the available funds on an equipment purchase that is easily financed via leasing?
Convenience: Unlike banks, Beacon Funding does not burden your company with excessive reporting requirements. Simply complete our one-page Business Lease Application and return it to us with your equipment quotation and you can expect our prompt response.
Tax Advantages: Leasing provides your company with substantial 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 $100,000 in leased equipment. Alternatively, write off 100% of each monthly lease payment as an operating expense throughout the entire term of the lease.
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 Beacon, it will be easier to acquire your next piece of equipment.
As important as designs for machine embroidery are, without updated equipment and service, your company could quickly fall behind and miss out on large orders due to an inability to quickly complete them. Leasing new equipment helps your company stay up-to-date and competitive, leading to new opportunities and business expansion. At EmbroideryDesigns.com we hope that you'll give us the chance to be your one stop when it comes to all designs for machine embroidery that you need, and we look forward to helping you complete all your embroidery projects!