“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.

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.

In related news, The Equipment Leasing & Finance Foundation forecasts that the equipment finance market will exceed $740 billion in 2013. According to the foundation and its recent research, “72% of companies use some form of financing, including loans, leases and lines of credit. 30% of companies anticipate increasing their equipment investment in the next 12 months, although smaller companies are more uncertain.”

In the event your company is considering leasing for your next equipment acquisitions, we have prepared the following articles to explain how leasing can help your business:

8 Equipment Leasing Tips

Differences between FMV, $1 Purchase Option, and 10% Purchase Option Leases

Looking for New Laptops for your Business? Seven Tips

How to Ensure a Complete and Accurate Business Credit Report

What Every SMB Needs to Know About Personal Guarantees for Equipment Lease Financing

Tips for Replacing and Financing Technology Equipment

5 Things You Need to Know About a Master Lease Agreement

The post Equipment Leasing and Financing Up 16% Over One Year Ago appeared first on TEQlease Capital.

Below are eight tips for businesses to consider to ensure they don’t make any costly financial mistakes on their equipment purchases:

1.  Do the math and determine whether the Section 179 deduction and bonus depreciation will benefit your business or not. Section 179 depreciation deductions and bonus depreciation are scheduled to be scaled back after this year.  Meet with your tax advisor now and determine whether deferring a purchase may have an adverse tax impact.
2. Don’t make an equipment acquisition decision based entirely on the availability of tax incentives.
3. Understand your credit and organize your financial information before contacting an equipment financing provider. Lease financing appears readily available for equipment acquisitions for the upper tier of creditworthy borrowers, and loan demand for these borrowers is strong.  However, expect the equipment financing provider to require more financial information than in previous years.  Explain in advance any negative results.
4. Describe to the equipment financing provider what this equipment acquisition will do for your business.  Provide a projection of cost savings or incremental realizable margins.
5. Don’t assume your bank or the equipment manufacturer’s captive finance company will offer the best terms.  Compare rates, lease terms, fees and options.
6. 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 generally results in lower rates, and also minimizes processing fees.
7. Don’t pay upfront “application” fees to an equipment financing provider.  Do due diligence on your financing provider. Use only established providers.
8. 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.

If you have any questions regarding equipment leasing please let us know.

The post 8 Equipment Leasing Tips appeared first on TEQlease Capital.