Financing
Financing
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With the economy working it's way out of a depression, we have found some consumers need financing or leasing to acquire a new mower. Enterprise Financial Solutions, Inc. has partnered with Bush-Whacker to offer great leasing programs. The Advantages of LeasingLeasing provides 100% financing – Most leases simply require first and last payments paid in advance and a small documentation fee. No security deposits or up-front money is required. Enterprise Financial Solutions, Inc. (EFSI) pays in full including installation, delivery and taxes unless state law prohibits. Leasing preserves credit lines – Credit lines with banks and other depository institutions are precious and hard to establish. Conserve those lines for inventory, A/R or other uses and emergencies. EFSI will take care of the financing for capital equipment so that lines of credit remain free. Leasing increases purchasing power – Your customer’s needs may be for a $50,000 machine but their available cash/credit only allows for $30,000, hence they settle for a smaller piece of machinery that only meets their needs half-way. EFSI can increase your customer’s purchasing power by allowing them to finance the needed equipment for the job. That way they get the equipment they need to meet demand and promote growth, and you get the sale. Leasing balances usage and cost – Leasing makes sense when the equipment creates a return that exceeds its cost. In other words, leasing allows a customer to set a fixed monthly payment for the use of equipment that creates an anticipated return exceeding that payment. That way they are certain that their operation is profitable and the equipment serves its purpose. Leasing provides fixed rate financing – Leasing is not subject to market fluctuations and interest rate increases. Customers that use leasing can negotiate the monthly payments up front and secure a fixed rate for the life of the lease. This makes it much easier to project cash flow and budgets for planning purposes. Leasing conserves working capital – Help your customers keep their hard-earned cash on hand or invested. Enterprise Financial Solutions, Inc. enables them to enjoy the working capital their company receives since it covers all costs associated with capital equipment purchases. This ability to grow and keep your cash ultimately puts them ahead of their competition and ensures long-term profitability. Leasing is convenient – Unlike dealing with bank loans and other alternative types of financing, leasing is an easy and convenient process. Typically, all we require is a one-page application for any request up to $50,000. Any request above that amount will require some financial disclosure. Leasing is tax-advantaged – When structured properly, a lease agreement may allow your customers to receive tax benefits. These benefits and their availability are subject to an array of factors and we suggest they talk with their accountant about these benefits. Similarly, any tax benefit received from the ownership of the equipment by EFSI is passed on to the lessee through competitive rates and lower fees. Leasing is a hedge against inflation – Since your customers’ payments apply to the use of the equipment they do not pay for ownership on equipment that consistently depreciates. Furthermore, their cash savings can yield a return that fights inflationary pressures. Leasing provides flexible payments – Lease payments can be structured to meet your customer’s needs. This adjustment is possible by correcting the residual value of the equipment due at lease end. By changing the end of lease balloon payment from $10,000 to $25,000 for example, your customer can lower their monthly payment significantly. Leasing provides options – Leasing provides flexible end of lease options. Equipment at the end of the lease term can returned, extended or purchased |
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