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Security Leasing Company offers many creative financing structures designed to meet the specific needs of our customers. The following are some of our standard programs: Fair Market Value (FMV) Lease - This type of lease often provides the most favorable tax treatment. Many FMV leases are considered True Leases, allowing you to deduct the entire monthly payment from your taxes. FMV leases typically have the lowest monthly payments. At the end of the lease, you may choose to:
10% Purchase Option - This type of lease is considered a conditional sale. Instead of deducting the lease payments, you may be able to deduct the interest portion of the lease and depreciate the equipment. Payments are slightly higher than a FMV lease. At the end of the lease, you may purchase the equipment for 10% of its original cost or return the equipment.1$ Purchase Option - This type of lease mimics a loan, but is a more viable option than a bank loan. Unlike a loan, no deposit is required. No compensating bank balance is required, and you can finance soft costs such as installation and extended warranty. At the end of the lease, you can purchase the equipment for $1.Master Lease - Ideal for multi-location customers, the Master Lease allows you to sign one set of lease documents for current and future transactions. New equipment is obtained simply by adding lease schedules to the Master Lease. Instead of receiving multiple bills for multiple leases, you will receive one monthly itemized statement.Mini Lease - Lease transactions that can be accomplished on an application only basis. Financial statements, tax returns, interim statements, etc., are not required. The dollar limit for this type of lease is $100,000.Young Business Program - For companies in business less than two years. Maximum transaction size is $25,000. Maximum term is 36 months.Corporate Program - For large publicly traded companies with a net worth of $6 million. Up to $150,000 without financial statements, bank, or trade references.Municipal Lease/Federal Lease - A lease to any city, county, state or U.S. Federal Government or any entity they own. All Municipal Leases will have a fiscal funding clause. All Federal Leases will have a Convenience Clause.
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Security Leasing Company, Inc. |
