In addition to the initial cost and obsolescence, leasing your equipment can also provide your business with a substantial tax advantage. While you should always consult with your tax advisor first, most equipment leases can be structured so that you can write off 100% of the annual lease payments. By contrast, current tax laws only allow a business to write off the interest paid on loans. However, because a lease is a rental and the business is only using the equipment, the business can usually write off all of the monthly lease payments just like any other legitimate business expense. The last major advantage of leasing your equipment instead of buying is that leasing allows you to not show the equipment on your balance sheet. Once again, this is because the equipment is being rented and therefore actually belongs to a different company than the one that is using it. For this reason leases are often referred to as “off balance sheet” financing and this can be a tremendous advantage to many businesses both large and small. Big businesses prefer this option because they don’t want to own millions of dollars in equipment. This equipment will depreciate substantially with the day-to-day usage. Whoever owns the equipment is responsible for the depreciation on their balance sheet. Also, large corporations may require that the board of directors approve any new loans to the business since. This can make it difficult for the management of the business to operate efficiently. But a lease is not a loan and therefore may not require approval by the board for the managers to get the equipment they need. In smaller businesses this can also be an advantage because they will not show additional debt on the balance sheet that will affect their ability to borrow money in the future. If you are considering selling your business, this may also make your company more attractive to potential buyers since you will be showing less debt on the balance sheet.

Working Capital can be the lifeblood of a company’s growth. It’s simple. Take your current assets minus your current liabilities, and the difference should equal your working capital. Companies that have a negative working capital may have a hard time growing. However, companies with a positive working capital generally are able to grow and expand. You may say, my working capital number is positive, but how do I turn that into cash to grow my business? A Business Loan Consultant can annualize your bottom line to find ways to take advantage of your positive working capital.

A line of credit for a business is, in our opinion, one of the first things a business should obtain when starting a business. Lines of credit are simple. It’s similar to a credit card, and you typically access the credit line by writing a check. The interest rate is usually much lower than a credit card. A credit line is an amount of credit that you can access as you need it in any way you need it to grow your business. For example, let’s say you obtain a $50,000 line of credit. If you need say $12,000 you access it and you still have $38,000 you can access at a later time. When you pay it down to say $8,000 then you have $42,000 more you can access. To maximize your credit lines it may take the help of a Business Loan Consultant. Credit lines can really come in handy to fill in the gaps for a business. Need to make payroll and a little short? Need to pay a vender or an unexpected repair? What about those slow times of year? Whatever the gap might be, the credit line can be a great back up.

Purchase Order Financing allows your business to accept that big order that you just sold but that your business doesn’t have the capital to fulfill. If your business has a purchase order, and your business needs cash to fulfill it, purchase order financing might be the best solution… A Business Finance Consultant knows the ways of these lenders and has the contacts to secure financing for virtually any type of business needs. You know how it goes. You order your supplies, pay your employees., deliver your product, and then accounts receivable bills the customer. In the mean time , you have to pay your suppliers and employees while you wait to get paid. Purchase order financing fills in these gaps. This financing can help you expand and accept more orders and grow your business. With Purchase Order Financing you can take advantage of vendor discounts by paying early, without having to collect from your customer first.

A business that may not be able to get a traditional loan may be able to obtain funding through a SBA loan and at reasonable terms. The Small Business Administration guarantees major portions of the loans through the SBA loan program. A Business Finance Consultant knows the ways of these lenders and has the contacts to secure financing for virtually any type of business needs. The SBA loans are obtained through lending partners. These lending partners are typically banks that provide financing to the small businesses under this program. Again, the government guarantees a major portion of the loan made to the small business.

Commercial Property Loan is a mortgage loan on commercial real estate. As a business owner, why not purchase your property instead of lease it? Owning the building could be the business owner’s best exit plan or retirement plan. A Business Finance Consultant knows the ways of these lenders and has the contacts to secure financing for virtually any type of business needs. Most business owners put all of their money back into their business. Over the years we have recommended our clients purchase their building. One client that did go ahead and purchase his building sold the business just a few years later but kept the building. He then rented the building to the new owner. This strategy provided this client a great retirement. We had another client that we suggested that he buy his buildings, and he chose not to purchase his building. The recent economic downturn decimated his business. He is spending his retirement years working full-time.

Using existing equipment, businesses may be able to get needed capital. With Sale-Lease Back financing, the company’s current equipment remains under you, the business owner’s full control and is never taken out of production. It’s a simple transaction. Your business sells your equipment and leases it back. The capital your business receives from this transaction can be used for anything your business needs, without restriction. A Business Finance Consultant knows the ways of these lenders and has the contacts to secure financing for virtually any type of business. In addition to the initial cost and obsolescence, leasing your equipment can also provide your business with a substantial tax advantage. While you should always consult with your tax adviser first, most equipment leases can be structured so that you can write off 100% of the annual lease payments. By contrast, current tax laws only allow a business to write off the interest paid on loans. However, because a lease is a rental and the business is only using the equipment, the business can usually write off all of the monthly lease payments just like any other legitimate business expense. Big businesses prefer this option because they don’t want to own millions of dollars in equipment. This equipment will depreciate substantially with the day-to-day usage. Whoever owns the equipment is responsible for the depreciation on their balance sheet. Also, large corporations may require that the board of directors approve any new loans to the business since. This can make it difficult for the management of the business to operate efficiently. But a lease is not a loan and therefore may not require approval by the board for the managers to get the equipment they need. In smaller businesses this can also be an advantage because they will not show additional debt on the balance sheet that will affect their ability to borrow money in the future. If you are considering selling your business, this may also make your company more attractive to potential buyers since you will be showing less debt on the balance sheet.

Every business has five major components necessary to operate. These are personnel, equipment, housing, products and services, and last but most vital, is capital. It takes capital to get the other four. Business owners often fear banks and commercial finance companies. This fear has its foundation in a lack of lender knowledge. A Business Finance Consultant knows the ways of these lenders and has the contacts to secure financing for virtually any type of business.

Concierge Sharks works with many leasing companies nationwide they can help you determine if leasing your equipment is right for your business. If you should decide to lease, they can usually get the equipment you need with just a simple, one page credit application. In many cases they can have the new equipment on site in as little as a few days. The deregulation of the banking industry has made new choices available that never existed before. One of these is the availability of money through non-traditional lending sources. The types of business loans vary to your specific business needs. 

Line Of Credit
A line of credit for a business is one of the first things a business should obtain when starting a business. Lines of credit are simple. It’s similar to a credit card, and you typically access the credit line by writing a check. The interest rate is usually much lower than a credit card. A credit line is an amount of credit that you can access as you need it in any way you need it to grow your business. For example, let’s say you obtain a $50,000 line of credit. If you need say $12,000 you access it and you still have $38,000 you can access at a later time. When you pay it down to say $8,000 then you have $42,000 more you can access. To maximize your credit lines it may take the help of a Business Loan Consultant. Credit lines can really come in handy to fill in the gaps for a business. Need to make payroll and a little short? Need to pay a vendor? What about those slow times of year? Whatever the gap might be, the credit line can be a great back up.

Commercial Property Loans
A commercial property loan is a mortgage loan on commercial real estate. As a business owner, why not purchase your property instead of lease it? Owning the building could be the business owner’s best exit plan or retirement plan. A Tevistion Capital Group Consultant knows the ways of these lenders and has the contacts to secure financing for virtually any type of business needs. Most business owners put all of their money back into their business. Over the years we have recommended our clients purchase their building. One client that did go ahead and purchase his building sold the business just a few years later but kept the building. He then rented the building to the new owner. This strategy provided this client a great retirement. We had another client that we suggested that he buy his buildings, and he chose not to purchase his building. The recent economic downturn decimated his business. He is spending his retirement years working full-time.

Small Business Administration (SBA) Loans
A business that may not be able to get a traditional loan may be able to obtain funding through a SBA loan and at reasonable terms. The Small Business Administration guarantees major portions of the loans through the SBA loan program. A Business Finance Consultant knows the ways of these lenders and has the contacts to secure financing for virtually any type of business needs. The SBA loans are obtained through lending partners. These lending partners are typically banks that provide financing to the small businesses under this program. Again, the government guarantees a major portion of the loan made to the small business.

Working Capital
Working Capital can be the lifeblood of a company’s growth. It’s simple. Take your current assets minus your current liabilities, and the difference should equal your working capital. Companies that have a negative working capital may have a hard time growing. However, companies with a positive working capital generally are able to grow and expand. You may say, my working capital number is positive, but how do I turn that into cash to grow my business? A Business Loan Consultant can annualize your bottom line to find ways to take advantage of your positive working capital.