We had the chance to see old friends as well as make many new ones.  As a sign of how strong the industry is these days, the team came back with several financing requests in hand.

Thanks to Sergio, Albert, Will, Dirk and Denise (Denise missed her picture!) for their dedication and commitment to our customers!

TEQlease Capital is a leader in the equipment financing industry.  We are dedicated to providing comprehensive financing options for equipment buyers and sellers.

In the Concrete Industry?  Interested in working with a company that really understands and is committed to your needs?  Give TEQlease a call at 818-222-1006.  We measure our success based on helping you succeed.

The post TEQlease Team Attends World of Concrete 2017 appeared first on TEQlease Capital.

“We are pleased to be working with TEQlease, as they were the only leasing company that was able to provide the financing capital with terms we needed,” said Patrick Flynn, Chief Financial Officer at Warm Springs Medical Center.  “The Digital Mammography unit was equipment the hospital quickly needed to service the needs of our community.”

“We are delighted TEQlease was able to provide Warm Springs with the right lease financing solution to fit their needs,” said Mike Lockwood, President of TEQlease Capital.  “This is another example of how TEQlease can assist medical institutions with acquiring equipment they need.”

TEQlease Capital provides equipment lease financing solutions for businesses and educational institutions in the United States. TEQlease Capital also offers equipment vendor lease finance programs across all industries. To learn more about TEQlease Capital, visit our website at www.TEQlease.com.

Looking to purchase new equipment for your business?  Call us today at (818) 222-1006 for a no obligation, free quote.

The post TEQlease Assists Medical Center with Equipment Upgrade appeared first on TEQlease Capital.

“The lease finance agreement provided to us by TEQlease will provide much needed equipment for our 2nd campus expansion,” said Principal Emre Akbaba.  “Our focus at Discovery Academy of Science is to provide well rounded STEM education.  This agreement allows us to continue and facilitate our goal in the community.  We are looking forward to working with TEQlease on our future projects.”

“It was a pleasure working with Principal Akbaba and the entire team at Discovery Academy” said Mike Lockwood, President of TEQlease Education Finance.  “This is yet another example of how equipment lease financing can facilitate a school’s success.”

Looking for new equipment?
Call us today at (844) 222-1006 and find out how TEQlease Education Finance can get your school the equipment it needs while staying within budget!

Going to NCSC 2016?
Are you going to Nashville for the National Charter School Conference?  If so, we want to meet you!  Click here to set up a time to talk and find out how we can provide you with a finance option customized for your school!

The post Discovery Academy Leases IT Equipment and School Furniture from TEQlease appeared first on TEQlease Capital.

“We acquired two new vehicles and TEQlease handled all of the financing aspects of the transaction,” said Francine Bregio, Tri-Area Trucking’s CFO.  “TEQlease and its staff are very attentive and customer centric, which makes the process very seamless.  It wasn’t our first time with TEQlease and it will not be our last.”

“Tri-Area Trucking is an excellent customer for whom we feel a lot of responsibility and loyalty,” said TEQlease President Mike Lockwood.  “We pride ourselves on our ability to provide an effective and efficient customer experience, and nothing underscores that more than seeing clients return to us for their lease financing needs.”

TEQlease Capital provides equipment lease financing solutions for businesses and educational institutions in the United States. TEQlease Capital also offers equipment vendor lease finance programs across all industries. To learn more about TEQlease Capital, visit our website at www.TEQlease.com.

The post TEQlease Finances Yet Another Vehicle for Tri-Area Trucking appeared first on TEQlease Capital.

“Those people at TEQlease really get it,” said Phil Vallejo.  “They just understand how the construction business works and want to help and be a part of our growth! We need more lease finance professionals with that mentality.”

“It was a pleasure working with Phil on this project, and I look forward to seeing how our work positively impacts the business.” said TEQlease Senior Account Executive Albert Garcia.  “I’m pleased to have provided a lease structure that satisfied our client’s business and budgetary needs.”

TEQlease Capital provides equipment lease financing solutions for businesses and educational institutions in the United States. TEQlease Capital also offers equipment vendor lease finance programs across all industries. To learn more about TEQlease Capital, visit our website at www.TEQlease.com

The post TEQlease Capital Provides Financing Solution For Vallejo Trucking and Equipment appeared first on TEQlease Capital.

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. That means that if you buy or lease a piece of qualifying equipment, you can deduct the full price along with the normal years’ depreciation, from your gross income.  This tax incentive was created by the U.S. government in an effort to encourage businesses to buy equipment and invest in themselves.

Check out the full details of Section 179 here.

So what does this mean for businesses?  It means that with the tax incentives of Section 179 coupled with historically low interest rates, now makes it the opportune time to finance or lease equipment.  Business owners can deduct the full purchase price of the equipment from their gross income while making affordable monthly payments, subject to certain limitations.   With the Fed possibly set to increase interest rates this December as well, it is important to take advantage of this situation while it lasts.

Is your business planning on taking advantage of the Section 179 deduction this year?   Comment below!

The post The Section 179 Tax Deduction Deadline Is Closing In appeared first on TEQlease Capital.

If you are also considering acquiring new equipment, and want to conserve available cash, leasing may be an appropriate solution.  However, before finalizing the purchase or lease of needed tree services equipment, I recommend that companies carefully consider the following 12 tips so they don’t make any costly mistakes.

1. Understand your business credit and organize your financial information before contacting an equipment lease financing provider. Make sure you understand your credit score, your business financial picture, and any discrepancies that might be on your personal credit report or Dun & Bradstreet business credit report.
2. Do the math and determine whether the Section 179 deduction and bonus depreciation will benefit your business or not. Section 179 allows businesses to deduct the cost of qualifying businesses equipment placed in service in 2012 up to $125,000. In 2013, the deduction will drop significantly to just $25,000 unless Congress acts.  Also, get advice from your tax advisor about the acquisition.
3. Determine whether equipment purchases should be made in cash, or whether lease financing makes sense to conserve capital.  Do a lease-versus-buy analysis.
4. Don’t assume your bank or the equipment manufacturer’s captive finance company will offer the best terms. The majority of equipment leases are done by equipment lease providers, and often at better pricing. Always compare rates, lease terms, fees and options.
5. Do due diligence on your proposed financing provider. Once you have a short list of providers make sure to check them out thoroughly. Go to Google and run a search on them. Also run a search on social media sites like Twitter. Work only with established financial solution providers.
6. Don’t pay upfront “application” fees to a bank or equipment financing provider.
7. Be prepared to explain in advance any negative business results to a lease financing provider. For example, if you had a business loss in 2010 explain why.  If you recently won a major contract, explain that too, even if the new business hasn’t yet affected your business results.
8. Understand the difference between a Fair Market Value Lease and a $1 Purchase Option Lease. A Fair Market Value (FMV) Lease is one of the most common leases that businesses select because it offers the lowest monthly payments, provides the greatest flexibility at the end of the lease, and may also provide tax incentives. A FMV lease is often used for acquiring technology equipment. On the other hand, a $1 Purchase Option Lease gives businesses the ability to “purchase” equipment for a $1 at the end of a leasing period. The monthly payments are higher than a FMV lease. In addition, you may have additional financial benefits including depreciation and/or interest expense benefits for tax purposes under either scenario.
9. Describe to the equipment lease financing provider how the equipment acquisition will benefit your business. Provide a projection of cost savings or incremental realizable margins if you have one.  Obviously there is a reason why you want to acquire new equipment.  Make sure your equipment lease financing provider understands exactly what this reason is.
10. Consider bundling multiple equipment acquisitions from different vendors under one lease with an independent commercial equipment lessor. Rates tend to be higher for smaller transactions. Bundling equipment acquisitions generally results in lower rates, is simpler to administer and account for, and also minimizes processing fees.
11. Ask your equipment vendor for payment terms so you can defer a portion of the equipment cost, and coordinate deposits, progress payments, and performance retention payments.  Most equipment vendors will ask for a downpayment, with the balance due either at delivery or with ten to thirty days after delivery.
12. Be careful of earnest money payment requests. An earnest money payment is sometimes required equal to a fixed amount or one month’s rent as a refundable application fee. The earnest money payment can be called an application fee, deposit, due diligence fee, etc. If the lease transaction is approved, the earnest money payment is applied to the first or last rental payment due under the lease. If the lessor declines the lease transaction, the earnest money payment is refunded, but sometimes, if specifically agreed in the lease proposal, a small portion of the earnest payment may be retained as an application or processing fee. Not all lessors require an earnest money payment.

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If you are looking into increasing your capital spending and considering leasing, the first thing to understand is the three most common types of leases: Fair Market Value Lease; $1 Purchase Option Lease; and 10% Purchase Option Lease.

A Fair Market Value (FMV) Lease is one of the most common leases that businesses select in part because of its flexibility. Businesses often select a Fair Market Value lease if the equipment they are acquiring, such as technology equipment, rapidly loses its value once it is placed into operation.

Fair Market Value (FMV) Lease:

1. Offers the lowest monthly payments. An FMV lease is ideal for businesses that want the lowest possible payments and are unsure if they want to acquire the equipment at the end of the lease.
2. Provides tax incentives.  Businesses may be able to deduct the monthly lease payments as an operating expense deduction.
3. Provides the greatest flexibility at lease end. At the end of a FMV lease a business can decide to return the equipment, continue to pay for and use the equipment per your agreement with the lease finance company, purchase the equipment or upgrade it with newer equipment.

A $1 Purchase Option Lease is another of the most common leases that businesses use to acquire equipment today. Each type of lease is useful, depending on the type of equipment and the type of anticipated use. A $1 Purchase Option Lease is often used by businesses or schools when they know they will still be using the equipment for an extended period after the end of the lease term.

$1 Purchase Option Lease:

1. Provides businesses the ability to purchase the equipment for a $1 at the end of the lease term.
2. Monthly payments are higher than a Fair Market Value lease because the lessee is now financing 100% of the equipment cost.
3. Provides additional financial benefits that may include depreciation and interest expense benefits for tax purposes.

The 10% Purchase Option Lease is often selected by businesses who want to keep their options open to purchase the leased equipment at the end of the lease. This lease is most appropriate for businesses that aren’t ready to make a purchase decision at the beginning of their lease.

10% Purchase Option Lease:

1. The lessee usually may purchase the equipment at the end of the lease at a fixed price equal to 10% of the original price.

2.  The monthly lease payment will be lower than the $1 Purchase Option Lease but may be higher than the Fair Market Value Lease.

3.  Provides additional financial benefits that may include depreciation and interest expense benefits for tax purposes.

Not sure which type is best for your business? Please contact us and we will walk through the options with you.

The post Considering Leasing for Your Capital Expenditures? appeared first on TEQlease Capital.