BENEFITS OF LEASING

Leasing is 100% financing
Equipment Leasing covers 100% of the equipment costs including service, software, installation and some maintenance costs.

Fast Approval Process
Equipment Leasing is fast and convenient. Generally, a one-page application is needed for smaller transactions and our approval time is usually 24 hours on these transactions. In order to make sure we are offering you the best products available and the best pricing, company and personal financial records are usually required on larger transactions. Our approval time on these is typically 1-2 days from our receipt of the necessary information.

Conserve your Cash
Equipment Leasing conserves your working capital for other uses such as marketing, inventory, etc which allows your business to generate more revenue.

Preserve Credit Lines
Equipment Leasing is not meant to replace traditional bank financing but to compliment it. Using Empire for your equipment keeps your bank lines open for other needs such as real estate, building expansion, etc.

Tax Benefits
Equipment Leasing can provide substantial tax advantages, in some cases allowing for 100% write-off of the monthly lease payment. Operating Leases are generally treated as 100% tax deductible paid from pre-tax earnings rather than after tax profits. (Please consult your tax advisor)

Flexible Terms and Conditions
Unlike bank loans, equipment leasing allows flexible terms and conditions to meet your specific needs such as quarterly, semi-annual or annual payments and various lease-end options.

Off-Balance Sheet
Since an operating lease is not considered a liability or long-term debt, it does not appear on your balance sheet. This enhances your ability to receive other loans, can lower your bonding expenses and can help maintain certain debt-to-equity ratios to comply with debt covenants.