By
your Bank becoming a member of our Consort-A-Lease™ program,
your commercial clients will benefit from your lease program
in many ways. Lease financing is now being recognized
as perhaps the most cost efficient way to acquire certain types
of equipment depending upon each businesses specific needs and/or
requirements at any point in time. Beside your clients enjoying
the comfort of working with your Bank in a confidential and secure
manner, the following are just a few of the benefits your customers
can also enjoy.
Leasing:
-
Conserves
cash.
-
Offers
short or longer term fixed rate financing (usually 2 to 7
years). This helps your clients operating budgets
be more manageable as opposed to being subjected
to variable rate changes applied in most loans.
-
Keeps working
capital free for other far more important uses, rather than
being tied up in fixed assets.
-
Is a great
hedge to overcome technological obsolescence. Rather than
directly owning, leasing allows for your customer to set
a lease term more in line with expected
replacement
strategies. Everyone knows that when an item
of equipment is purchased, psychologically a business
will keep the equipment long after it should have been replaced.
Inversely, at the end of a lease, should the customer need
the item longer
than
expected, they simply negotiate an extension with much
lower monthly payments to continue the equipments use until
it does
make sense to replace.
-
Can eliminate
today’s
very complex and time-consuming depreciation and tax accounting
problems.
-
Is simply
easy to complete and has the advantage of being highly flexible
to meet your customers needs such
as cash flow requirements, seasonal demands, ramp
up strategies, and replacement coupled with disposition
pressures.
-
Provides
for virtually 100% financing.
By developing a partnership with us your selected Bank personnel
will be trained to explain the above benefits along with
many others. Our training and support will also include how
to facilitate a proper lease process, from proposing a lease,
all the way through processing the documentation for funding
and consummating the transaction with your customer accounts.
See our “Support and Training” link.
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