Yes. About 95 percent of Geneva Capital’s clients select a “lease-to-own” plan.

Yes. In fact, one of the most appealing reasons new business owners lease equipment is because the Internal Revenue Service (IRS) does not consider an operating lease to be a purchase; rather it is a tax-deductible overhead expense. Therefore, you can deduct the lease payments from your corporate income.

No. Generally speaking, leasing requires little to no down payment. While the first and last month’s payments may be required, leasing is almost identical to 100 percent financing.

You’ll find leasing has a positive impact on your cashflow because you’re not paying for the equipment in one lump sum. By selecting a lease, business owners can conserve cash for other uses like advertising, marketing or other expenses. Leasing also allows for you to forecast cash requirements more accurately as you know the amount and number of lease payments you will owe over the lease period.

Yes. Leasing opens the door for faster response to new business opportunities. Many leasing companies can approve an application for new equipment in a matter of a few days. This allows for you and/or your company to react quickly to a new opportunity before your competitors can.

Leasing can actually help you to look more attractive to traditional lenders when you need them. Operating leases are not considered long-term debt or liability on your balance sheet which makes you to look more stable to lenders when you need them.

Absolutely. Lessors offer other flexible terms which allow you to customize your lease to a program which will fit your needs and requirements – cash flow, budget, transaction structure, cyclical fluctuations, etc. For example, some leases allow you to miss one or more payments without a penalty, which is an important feature for seasonal businesses.