We finance all types of new and used equipment!
We provide you with a customized solution for your equipment leasing needs and the personal service you deserve.
LEASE APPLICATION
download here
Please print and fax completed and signed application to:
FAX: 1-248-952-1510
All information is confidential
Benefits of Leasing
Capital Conservation. Allows cash to be utilized for other business needs or day to day operational expenses. Plus leasing can be obtained with little or no money down.
Convenience. Leasing requires less preparation and financial documentation and is easier to secure than a bank loan. Details are coordinated with your equipment vendor to make sure your lease is completed in the timeframe needed.
Flexibility. Customized payment plans can be designed to suite your company’s needs offering fixed monthly payments for the term of your lease.
Tax Advantages. The Economic Stimulus Act of 2008 and IRS Tax Code Section 179 has has increased tax benefits for lease equipment.
Package Highlights
Signature Funding Group offers a variety of flexible leasing options to meet your needs:
Capital Conservation. Allows cash to be utilized for other business needs or day to day operational expenses. Plus leasing can be obtained with little or no money down.
Convenience. Leasing requires less preparation and financial documentation and is easier to secure than a bank loan. Details are coordinated with your equipment vendor to make sure your lease is completed in the timeframe needed.
Flexibility. Customized payment plans can be designed to suite your company’s needs offering fixed monthly payments for the term of your lease.
Tax Advantages. The Economic Stimulus Act of 2008 and IRS Tax Code Section 179 has has increased tax benefits for lease equipment.
- Lease payments may be treated as an expense and be fully tax deductible in the year the equipment is placed in service. An operating lease is not considered a purchase but rather a tax deductible overhead expense.
- Allows a 50% special depreciation allowance for leased equipment (expires December 2008). This special bonus is available for equipment used for commercial business for the production of income before January 1, 2009. This allows an additional 50% 1st year depreciation on the adjusted basis of qualified new equipment.
- Annual depreciation amount has been increased to $250,000. It allows businesses to deduct the first $250,000 of equipment, purchased in 2008, from their taxable income.
Package Highlights
Signature Funding Group offers a variety of flexible leasing options to meet your needs:
Application Only: $2,000 to $125,000
- No financial disclosure
- Completed application with signature
- 3 months prior bank statements
Full Financials: $50,000+
- Complete financial disclosure
- Completed application with signature
- 3 months prior bank statements
- Current interim financials (most current month-end balance sheet and income statement)
- Personal guaranty of owners
- Personal Financial Statement
Start-ups with Full Financials
- Completed application with signature
- Complete financial disclosure
- Commercial bank account reference
- Additional relevant information including business plan, personal tax returns, personal financial statements