Why Lease?
Leasing is an option for customers who would like to grow their business without purchasing capital equipment outright. Lease terms and payment schedules can be customized to suit the individual needs of your company.
Advantages to Leasing Equipment...
Tax benefits. True lease payments are generally tax deductable (as an operational expense). Consult your tax counsel for specific recommendations.
Conservation of credit. A lease is NOT a loan. Borrowing reduces available credit; leasing is a new source of credit that will allow you to keep lines of credit open for other needs. Leasing improves your ability to borrow for other needs.
Fixed rate financing. Once a lease is closed and equipment is received, the payment is fixed and the risk of fluctuations in interest rates is eliminated.
100% financing is normally available. Lease terms can be structured beyond typical bank loan terms. Generally a security deposit of two payments is required to execute a lease compared to a substantial down payment required for traditional bank loans. Your equipment immediately begins to make money for your company while you have the convenience of making affordable monthly payments.
How do I get started?
Leases are handled through Bison Commercial Leasing Corp. To apply now, complete the one page Lease Application. You will need Adobe Acrobat Reader to view and print the Lease Application Form. Fax the signed form to the attention of Richard McCaw at (631) 845-8559. Depending on the dollar amount of the transaction, company financial statements may be required. In general, transactions under $50,000 do not require additional financial statements. If you have already selected an Ad-Foam sytem for your application, include a copy of the machine quotation with your Lease Application. Or simply complete the application for pre-approval. Either way, your request will be handled quickly and professionally.
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