LeaseQ Announces Equipment Leasing and Financing Options for Small Business
Equipment leasing is becoming a preferred option in a sluggish economy, particularly among smaller companies and business startups with little or no capital to invest.
Boston, MA (PRWEB) October 24, 2012
LeaseQ, one of the leading providers of equipment leasing and financing options in the United States, is now offering specialized leasing and financing options for small business owners and business startups. In a market that has seen little or no recent economic growth, these plans provide a platform for struggling or newly formed companies to be able to obtain much needed operating equipment.
Almost any kind of equipment may be leased, from computers to automobiles, as well as telecommunications equipment and industrial machinery. Leasing organizations within the US are projected for finance some $250 billion or equipment every year.
Equipment leases may vary in length, in many cases depending upon the expected life of the product, how rapidly it may become obsolete, etc. Rail cars and barges almost always have extended lease terms, while computers may have lease terms as low as two years.
Leasing is an option for many companies, those who may be going through difficult periods financially as well as new startups who have neither capital nor assets. It is important for each company to determine what can be leased and what should be owned. Many airlines choose to lease their aircraft, opting to allow the use of their cash on hand for operating expenditures.
There are a number of accounting benefits to leasing, not the least of which is the ability to get certain leases off the balance sheet through compliance with FASB 13 tests. These leasing obligations are not usually on a firm's balance sheet but rather listed in the footnote of the financials. Such treatment improves financial ratios as well as other performance criteria such as return on assets.
There are also tax benefits to leasing, with new limits for equipment set forth in Section 179 of the US tax code, as much as 100% of the equipment cost, up to a specified limit, may be immediately deducted from taxable income.
LeaseQ is based in Boston MA and provides equipment leasing options for small businesses as well as large corporations,
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/10/prweb10041635.htmView Comments and Join the Discussion!