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Simple .... Hassle-Free
- BC's "efforless one-page application"
reduces paperwork and saves time. BC can approve an
application only transaction for up to $100,000. Traditional
bank loans usually require a financial package with
supportive material illustrating the ability to show
a profit. Also, leasing avoids restrictive bank loan
covenants.
Fast Response Time
- BC does the work for you! Our process allows you
to spend your time running your business. Completing
a bank loan typically takes much longer.
100% Financing Solution
- Rather than pay a large lunp sum up-front for intangible
costs, like freight and installation, these costs
can be included in the low monthly lease payment (with
tax savings).
Minimal Cash Outlay
- There is minimal cash outlay required, which gives
you the ability to place the order as quickly as needed.
Traditional bank loans can require sizable down payments.
Pay Fewer Taxes
- True leases can be structured so that lease payments
are accounted for as an operating expense (thus, tax
deductible). Therefore, payments come out of pre-tax
dollars. (Your accountant should be consulted for
questions and clarification.)
Less Risk
- The only collateral pledged is the leased equipment.
Traditional bank loans usually require a major asset
to be pledged, such as, a personal residence, building,
car, business, etc.
Overcome Budget Constraints
- Leasing offers a predictable monthly payment which
helps when managing cash flow. This is a distinct
advantage over some traditional loans which may have
floating interest rates or balloon payments. A stable
monthly payment will enable more effective budgeting
and management of cash flow.
Let Your Equipment Earn Its Keep
- Leasing is the use of an asset. Businesses do not
pre-pay employee's salaries, people are paid as they
contribute. Likewise, leasing allows for the equipment
to generate income from the use as you pay.
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