Financing Advantages

Financing Equipment allows businesses to get the equipment they need now, without affecting bank or credit lines. No matter what type of business, you need the proper equipment to compete and be more efficient, close more sales and increase profit. Lease Corporation of America works with thousands of resellers, distributors and manufacturers across the country to allow them to provide financing options to their customers to reach those goals.

Businesses rely on a multitude of equipment types to run day-to-day operations. From equipment staples, such as security systems, copiers/printers, telephone systems, and office furniture, to niche equipment like POS systems, auto repair equipment, medical devices, digital communications and even food trucks and trailers, LCA excels.

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Additional benefits of Financing your Precision Equipment Systems Equipment

We Have Partnered with Precision Equipment Systems

LCA works closely with reputable, approved equipment suppliers, dealers and manufacturers to offer competitive financing programs for their commercial customers.

After a business owner determines their equipment needs, LCA’s role is to provide the necessary financing for that equipment. We pay the equipment supplier directly, and you, the business owner, are able to make monthly payments to LCA instead of taking valuable working capital out of your business to fund your essential business equipment needs.

Why Finance instead of purchase

The #1 reason businesses finance equipment instead of purchasing is cash flow management. Oftentimes equipment is used to either generate additional revenue or to increase operation efficiencies that drive savings. So it only makes sense to match the increased cash flow generation to the monthly equipment expense. Your cash can then be used for more immediate working capital needs or reinvested in your business. LCA is a company that you can trust to treat you fairly, offer competitive financing programs and deliver equipment financing solutions that work for you.

Fast Approval & Flexible Terms

For transactions under $150,000 (or $250,000 for some equipment types), the credit review process generally takes from 1-3 hours, sometimes significantly less. For transactions exceeding these amounts, our goal is to provide an approval decision within 24 hours upon receipt of all required financial documentation. In addition, We can finance equipment for up to 72 months, with payments to fit your budget. We offer deferred payment structures, skip payments, seasonal payments, and other programs to allow your business to acquire the equipment you need now, and pay for it with revenue generation or cost savings from that equipment.

Why Lease Equipment?

  • Fixed Payments / Hedge Against Inflation: Unlike loans and credit cards, your finance payment is fixed throughout the term. It will not vary with interest rate changes. Fixed monthly payments provide an excellent hedge against inflation and makes your equipment purchase more affordable.
  • Preserved Credit Lines: Your monthly finance payment does not affect your bank or credit lines. Most banks and credit card companies will reduce your existing available credit lines with every purchase via a credit card or loan.
  • Affordable Down Payment: LCA does not require a large up-front down payment like loans and credit card companies. Most of our programs only require first and last payments (typically 5%) in advance instead of the 20% mandated by bank loans.
  • Adding ‘Soft Costs’: Financing allows you to roll in services (software, maintenance, etc.) with the equipment so the monthly payment includes your total price. Loans and credit cards do not traditionally combine services and equipment costs into one monthly payment.
  • Avoiding Equipment Obsolescence: Financing makes adding onto existing equipment or upgrading to new equipment efficient and available at any time for our customers. You can upgrade your equipment as technology and your company’s needs change.
  • Reduces Taxes: Unlike loan payments, finance payments may be deductible. Please consult your tax advisor to determine the deductibility of finance payments.

Have a question about Equipment Financing?

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