Equipment Leasing for Businesses

Equipment Leasing

Equipment leasing is a great option for businesses who may have limited capital or need new equipment frequently in order to remain competitive. 

At Lincoln Savings Bank, our leases are relationship based, not transaction based. You are treated fairly, with no large fees and penalties around each corner. 

Tax Lease vs. Capital Lease

A tax lease is structured to provide the leasing company with equipment ownership, and along with it all depreciation benefits. In return, your lease payments are fully deductible. The documentation for a tax lease is designed to conform to all related guidelines.

A capital lease, also known as a finance lease, is structured to pass all ownership benefits to you including depreciation. Only the interest portion of your lease payment is deductible, along with your depreciation expense. Such leases commonly have a $1.00 purchase option at expiration. 

Leasing Options

  • 100% financing
  • No down payment required
  • Leases can be structured to meet tax objectives
  • Fixed rate for the term of the lease

Lincoln Savings Bank Advantage

Unlike other traditional leasing companies, we never charge termination or prepayment penalties should you need flexibility during the term of your lease. In addition, coordinating all your equipment financing activity with one bank is convenient and saves you valuable time. 

Almost 80% of all businesses use equipment leasing today to acquire equipment, and almost any type of equipment qualifies for a lease. If you are considering a lease for equipment, contact us today to find out how we can meet your leasing needs. 

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