Leasing is the Right Choice

Even if your business has the funds to purchase equipment with cash, it may not be the best сhоісе. With equipment lеаѕіng, саѕh саn bе used fоr оthеr buѕіnеѕѕ requіrеmеntѕ ѕuсh as еxраndіng sales, starting nеw mаrkеtіng programs, іnvеntоrіеѕ, ореnіng a nеw line of business, or increasing саѕh rеѕеrvеѕ. Uѕіng thе money for nесеѕѕаrу business еxреnѕеѕ that cannot be financed is muсh mоrе intelligent decision-making thаn ѕреndіng іt оn equipment that іѕ wоrth less and lеѕѕ аѕ tіmе goes on and just depreciates.

If уоu dесіdе, nоt to lеаѕе уоu will have to соmе uр wіth thе еntіrе аmоunt fоr a саѕh рurсhаѕе оr a ѕіzеаblе down рауmеnt, аѕ wеll as hіghеr fееѕ for trаdіtіоnаl fіnаnсіng.

Amerifund has been helping companies lease equipment for over 20 years and has the experience to get you the funding you need to grow your business.

With programs designed for as little as $5,000 or over $5,000,000, Amerifund will help you select the program that is right for you.

Checkout our leasing programs and see which one fits your situation.

Types of Equipment you can lease?

Types of Equipment you can lease?

Thеrе аrе few limits tо the type оf equipment thаt саn be leased by a new or existing business. Frоm еvеrуdау buѕіnеѕѕ еѕѕеntіаlѕ (furniture аnd рhоnе systems) tо іnduѕtrіаl equірmеnt (fоrklіftѕ and соnvеуоr bеltѕ) tо оffісе tесhnоlоgу (соріеrѕ аnd LCD projectors).

Equipment Lеаѕіng саn bе very advantageous аѕ it hеlрѕ the business save a lot of mоnеу аѕ соmраrеd to thе mоnеу you саn ѕреnd buуіng thе equірmеnt out of business cash reserves.

When lеаsing ѕресіfіс equipment for a certain рurроѕе іn уоur business, it wіll hеlр уоu ѕаvе money whісh саn be uѕеd for the growth and dеvеlорmеnt оf уоur buѕіnеѕѕ, and you саn earn mоrе рrоfіtѕ thrоugh the uѕе of equipment being leased.

Commercial equipment can be a costly purchase and leasing the commercial equipment allows the business owner use the equipment at a fraction of the up front cost allowing them to expand and earn more profit with that equipment without crippling the cash reserves of the company.

Two Part Equation to New Business Funding

goalsThe two-part equation of underwriting is the ability to pay and the willingness to pay. A strong personal credit score shows that someone starting a business has a willingness to pay. Ability to pay is not really under their complete control; they are going into a new business. It’ll be dependent on how that business is run, the economic climate of where it is, and other associated factors.

For those starting up their business, make sure that you are actually serious about being in business. We’ve gotten requests from people who don’t even have a business license or a business checking account. Here’s the thing that’s important about underwriting a start-up: If it’s a pure start-up – sole proprietorship, with no one else involved – how is it paying the bills while the company is ramping up? Do the proprietors have pre-existing income?

Business plans, projections, resumes showing past experience – all these things are very helpful. We look for that continuity. Once, we had a dolphin trainer who wanted to open up a candy shop. What does a dolphin trainer know about candy? If somebody’s looking to open a machine shop, it’s best that he wasn’t a baker before that. We never really got a straight answer from the dolphin trainer; I think he was trying to hide the fact that it was for his wife and he was the one with good credit.

Make sure that you know your personal credit and how it is reflected. lf you don’t have a certain credit score – usually a 650 or higher – it’s very difficult to get a business loan for a start-up. It’s 90 percent of the decision because it’s the only thing that gives us information as to who’s going to run this company. With a start-up, there may be willingness to pay from the person who’s starting this company, as reflected in his personal credit report, but ability to pay is not known, so there is a higher rate.

However, start-ups can offset that higher rate because they can write off all of their payments. Section 179 lets you claim the asset as an asset and you’re depreciating it, and it appears on your balance sheet as a debt. Off-the-balance-sheet accounting would say you do not include it as an asset, and you write it off as an expense. The expense would simply be the payments, including the interest, which is allowed under IRS Rental or Leasing. This really helps mitigate the high
rate because at the end of the year you net a much better picture. It’s important that, during that time, the payment itself won’t be intrusive to operating your business. If you think the payment will prove too difficult to handle, you probably shouldn’t do a lease because it obviously increases your chances of default.

Why Amerifund?

shutterstock_124151659Amerifund is large enough to provide competitive programs, yet small enough to give each customer personalized service. You will be working with only one person at Amerifund, your account manager, instead of departments or groups of people.

We strive to make the leasing process as simple as possible for both you and your customers. The process goes something like this:

Application Stage
Amerifund generally calls the customer and takes an application over the phone, via fax, or over the Internet. For clients with access to the Internet, an application can be filled out “on-line”.

Credit Stage
We will get back to you usually within two hours with an initial credit evaluation. Credit approvals take 24-48 hours.

Documentation Stage
We can sign the documents with the customer or we can overnight them to the customer. The longer it takes to get a transaction signed, the greater chance the customer will back out. Once all signed documents are received back in our office, we will fax you a purchase order.

Funding Stage
Same day funding is our goal. Let us know as soon as you can about an equipment delivery date to ensure quick funding.

“Our job is not done until you are paid. What better way to ensure more business?”

Getting Started with Equipment Leasing

documentsAmerifund provides equipment leases to companies across the United States. If you are a new, start-up or an expanding business, understanding the process is important.

Prior to any funds being released, due diligence occurs. This is the process of verifying that the business is legitimate; with a business license, establishing time in business, a client base with references and review of bank and vendor references. We ask the business owners questions about their future growth, the type of equipment they are looking at purchasing, and how the equipment will be used in the business.

There are numerous items that are looked at through the underwriting process. When reviewing a new business, we research the business location, economic factors and strength of the business’ industry. Once the due diligence is done, it is submitted to our underwriting department for approval. After approval, we provide terms and conditions to the business owner. Documents are generated and sent to the business owner(s) for signature.

We confirm the equipment being leased is properly insured and once all the documents are received and signatures verified; the client can then take possession of the equipment from the vendor and the vendor is paid.

Additionally, Congress has permanently set Section 179 (Internal Revenue Code) as an incentive to help business growth. Leasing is now the preferred way to purchase additional equipment for your company. Section 179 provides the business a tax advantage for the purchase of business equipment up to $500,000.

If you are looking to purchase new equipment for your company, contact us today and we will guide you through the financing process and lead your business to success.

New Business Equipment Financing

Our new business equipment financing program is a great way to help your new business get the equipment you need to grow.

This is an application only program where you may qualify for up to $90,000 to finance the business equipment you need. The loan is secured with the equipment you finance and no other collateral is required. There is no third party recourse on the financing.

Utilizing our equipment financing program will help preserve your capital and allow you to make monthly payments over time instead of paying a large amount of capital up front for equipment.

This will let you use your current capital on other business expenses while you reap the benefits of using your new equipment and growing your company.
A business equipment financing program is an excellent option for a new business to get on the path to growth and potential higher profits with the use of the new equipment.

It is available anywhere in the continental United States.

See the details of the program here and apply here >>>>