Equipment Finance Made Simple
Finance Equipment for your business through Providence Capital and receive our top-rated service and a financing plan tailored to your needs. We are experts in providing equipment financing solutions to businesses across the U.S. We use our decades of industry experience to offer a smooth finance process every step of the way.
Get a Financing Quote in minutes!
Benefits of Leasing
- 100% Financing – Leasing covers 100% of the equipment cost with room to add soft costs, including installation and maintenance.
- No Down Payment – A security deposit equal to two months’ rental payments is usually all that is required.
- Flexibility – Customize a lease to fit your particular situation with special programs like deferred payments or seasonal payments.
- Use Inflation to Your Advantage – If you pay cash for equipment, you pay with today’s dollars at today’s value. Through leasing, you pay with next year’s inflated dollars, the next, and so on.
- Preserve Bank Credit Lines – Leasing doesn’t affect your bank borrowing limits. So you still have 100% of your credit available.
- Avoid having Obsolete Equipment – Upgrading your lease is easy. In addition, you can upgrade to new modern equipment.
- Conserve Working Capital – Keep your cash flow free; don’t tie up cash. Keep it free for incoming producing investments.
- Leases May have Accounting Benefits – Monthly payments may be deductible as operating expenses rather than accounting for the equipment as an asset.
- Possible Tax Savings* – If a company is in the 34% tax bracket and has a lease with a monthly payment of $500, the payment may be reduced to $300 – that’s a monthly savings of $170 or $2,040 annually.
- Increase Your Profits Immediately – With leasing, you only need to cover the monthly payment for new equipment to be profitable from the first month! Example of cost-effectiveness of a lease: A monthly payment of $500 divided by 30 days = $16.67! Divide that by eight workday hours, and you get an hourly cost of $2.36.
We Offer You
- One-page application up to $350K
- Fast credit decisions
- Flexible payment plans
- Superior customer service throughout the life of your contract
- Our sales people know your industry and will work with you to create a financing structure that matches your specific needs.
- Our customer support team will walk with you through the entire process, making sure you have all the information you need and are completely satisfied with us.
Providence Capital Funding