Discover the Advantages of Equipment Leasing
As your business grows, so do your needs - including having the appropriate equipment to stay competitive. But purchasing new equipment can be expensive and a permanent decision. What happens if your needs change? To stay flexible, leasing equipment may be the best option for your business.
Leasing can come with real advantages. At SFB, we will partner with BB Community Leasing Services, Inc. to provide you with leasing options that meet your unique business needs. Unlike working with traditional leasing companies, you will never be charged termination or prepayment penalties should you need flexibility during the term of your lease.
Leasing options include:
- 100% financing available - no down payment required.
- New or used equipment.
- Variable payment for seasonal customers.
- Fixed rate for the lease term.
- Most leases can be structured to meet tax objectives.
Commercial businesses and ag producers can also take advantage of an accordion feature in each lease allowing them to increase or decrease their payment during the lease term depending on the need for tax shelter.
More information on equipment leasing is available here. We encourage you to speak with an SFB lender today to find out how we can meet your leasing needs.