Shopping Cart  Shopping Cart Facebook Twitter Linkedin

Financing

 

Financing Made Simple – Lease to Own

Leasing is the single largest form of external corporate finance in the country. In fact, over 80% of companies – from small start-ups to Fortune 500 giants – lease some or all of their equipment. At Pro-Fitness, we understand what a great value leasing can be for our customers. As such, we have decided to partner with Paramount Financial, a financial services company that helps small- and medium-sized businesses with flexible equipment financing options nationwide.

Advantages of Leasing:

CONSERVATION OF CASH

Cash flow is critical to the success of any business. For some people, paying cash is a good way to acquire equipment. For others, paying cash can be the most expensive way to solve the problem

CONSERVATION OF BANK LINES

An available line of credit is an extremely valuable tool to address unforeseen financial emergencies. Reducing your open lines of credit by using them to finance equipment can be dangerous.

100% TAX DEDUCTIBLE

The IRS Tax Code allows a business to deduct the full purchase price for qualifying equipment purchased or financed during that tax year. In this way, you essentially get “free” usage of your equipment for over a year.

 

ADVANTAGES

LEASE

BANK LOAN

CASH

Can I get approved now without extensive financing statements?

Yes

No

Yes(Full
Payment Required)

Can I take advantage of tax benefits and deduct payments?

Yes

No

No

Can I defer payments until the equipment is installed correctly?

Yes

No

No

Can I avoid financial reporting?

Yes

No, Shows Debt on Balance Sheet

Yes(Full
Payment Required)

Can I have no cash outlay or down payment?

Yes

No, Banks Require a Down Payment

No

Can I match monthly payments to current cash flow requirements?

Yes

No

No

Can I buy equipment quickly?

Yes

No

Yes(Full
Payment Required)

Can I purchase used equipment?

Yes

No

Yes(Full
Payment Required)

Do I have ownership options at the end of the term?

Yes

(Ownership Only)

(Ownership Only)

 

Pro-Fitness and Paramount Financial
Make Leasing Easy!