Over $1 Billion Approved
Whether you’re opening a new franchise or need to upgrade equipment used by an established business, you have two options: equipment financing or equipment leasing. The most obvious difference between these options is the party maintaining ownership.
Some of the most successful small businesses never own their equipment… they lease it! A lease allows you to use the equipment for a specified period of time with the option to purchase in full at the end of the contract. Equipment leasing makes sense for the majority of small businesses today because leasing provides many benefits that owning does not.
You never know when technological discoveries are going to introduce new equipment options for your industry or on the verge of releasing something better. If you’re the last to upgrade to new inventions, you risk falling behind your competitors. With equipment leasing, you have the option of returning it at the end of your contract. Alternatively, if the same technology has been around forever and you don’t think that is going to change anytime soon, then you may want to purchase the equipment outright.
According to the U.S. Small Business Administration, you can claim leased equipment as a deductible when you file taxes, and you can claim the cost of the lease as a capital allowance as long as your lease is five years or longer.
If you’re still uncertain about the differences between financing and equipment leasing for your business, contact us with your questions. We want to help you make the best decision so that your equipment expenses don’t interfere with the profitability of your business now and in the future.
¤ 100% Financing Available, Including Installation and Tax
¤ Application Only up to $150,000.00
¤ Available for All Credit Types
¤ Customized Terms Available
¤ Streamlined Approval and Funding
“I always felt like IRH was a part of my team of strategic advisors and business partners.”David M, Great Clips
“I have been working with IRH Capital since 2007 and have done several deals with them. I would highly recommend IRH Capital.”Richard H, Subway
“Easiest process we have ever gone through!”Herve and Audrie O, Little Caesar’s
“I wanted to express our appreciation for the excellent service we received from your company. The entire process was quick and we received our financing within a week. Your staff was excellent to work with. I would gladly recommend your company.”Mary Ann & Tom H, Little Caesar’s
“Your company does a tremendous job for us. The service is exceptional. Thank you for all your hard work.”Pervez K, Little Caesar’s
“It has been a pleasure doing business with IRH Capital over the years. We have used IRH for every store and will use IRH for our next project!”Perry L, Great Clips
“I have worked with IRH Capital on several projects over the years and they have always come through for me. They are a great financing partner that I would recommend.”Ammar J , Domino’s