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Does your business need to purchase new equipment?

Not sure whether you should finance or just pay cash?

If you don’t quite know the difference between a lease and a loan or you don’t really understand the tax benefits associated with funding business equipment don’t worry because you’re not alone.

You can spend countless number of hours on the internet searching for companies that offer financing but first you should determine which purchase option works best for you.

Whether you’re financing office equipment, financing business supplies, or financing business equipment there are certain benefits and strategies associated with each type of option.

So in order for you to get a much better perspective on how you should purchase your company’s business equipment let’s compare the difference between leasing, getting a loan, using credit, or paying cash.

Equipment Leasing

• Interest rates are fixed
• Fast approval is usually within days
• Down payment is low typically only 1 or 2 payments upfront
• Leases under $150k usually do not require financials
• Lease payments are 100% tax deductible when you show it as an operating expense
• Equipment does not become obsolete because you don’t own it

Getting a Loan

• Interest rates can fluctuate which can become costly
• Approval can take weeks
• Down payment of 10-20% of the total amount is typical using up your company’s cash
• Financial statements are required
• Depreciation can be taken over the useful life of the equipment
• May need to purchase new equipment in the future as existing equipment becomes obsolete

Using Credit

• Interest rates are variable and sometimes fixed
• Approval can take weeks
• Requires 10-20% down on the total purchase amount
• Financial statements are required
• Can use depreciation over the useful life of the equipment
• You own the equipment so it can become obsolete in time

Pay by Cash

• No interest
• Instant purchase with no approval period
• Requires 100% of equipment purchase amount using your company’s cash reserves
• No financials required
• Depreciation can be used
• You own the equipment outright which can become obsolete in time

So if you prefer to conserve your company’s cash some of the most popular equipment you can finance includes computers, office equipment and furniture, heavy machinery, dry cleaning equipment, medical equipment, printing presses, fleet vehicles, and restaurant equipment.

Did you know that over 80% of businesses in the U.S. lease at least one of

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A number of housing markets in Arizona remain out of balance due to huge supplies of foreclosed fixer upper homes for sale and distressed houses. According to housing market analysts, although the industry crisis seemed to be flattening out in some local markets, foreclosure numbers have remained elevated, showing that the residential property sector is still not over the worst.

Phoenix foreclosure listings and distressed property listings in other key areas of the state are predicted to expand further in the coming months, with most analysts not expecting an improvement in the home market until next year.

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The Mersey Partnership’s (TMP) Lorraine Rogers at its South Korea presentation at the London Embassy 300

DEVELOPER Peel Holdings hopes to build on links with prospective investors from South Korea, after a presentation by inward investment agency The Mersey Partnership (TMP) at Liverpool’s London embassy.

The Wednesday event was attended by the Republic of Korea’s Ambassador, His Excellency Mr Kyu Ho Choo, the Korean Trade and Investment Agency (KOTRA) and several world-ranking Korean companies, including car maker Hyundai, electronics giant Samsung and Asiana Airlines.

It followed talks initiated six months ago by TMP.

Peel development director Lindsey Ashworth outlined their £10bn plans for Liverpool and Wirral Waters, and said: “Their interest was such that there will be further meetings over the summer, all to take this to the next stage.”

His Excellency the Ambassador said: “I am confident that today will herald the accord of even greater numbers of new prospects and partnerships for growth in the future.”

TMP will now set up visits to the region, said chief executive Lorraine Rogers.

PROVIDENCE – Greenlee, a Rockford, Ill.-based subsidiary of Textron Inc., said it acquired a 51 percent stake in Shanghai Endura Tools Company Ltd. on March 30.

Shanghai-based Endura, established in 2004, is a hand tools provider for home centers, construction, industrial manufacturing and automotive channels, and employs about 140 people.

“The alliance also provides us with an opportunity to expand our presence in the Chinese tool market substantially, where we expect to increase sales significantly by leveraging Endura’s existing network and distribution structure of over 1,100 distributors,” said Scott Hall, president of the Textron Industrial Segment and Greenlee. The company did not disclose the financial terms of the agreement.

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TAUNTON, Mass. – The annual Taunton job fair has been canceled for the first time in 30 years due to a lack of interested employers, the Taunton Gazette reported.

The fair was scheduled for April 6 but only 10 of the tables were reserved by the deadline; the Taunton Employment Task Force said it needed 20-25 employers to run a “quality” job fair.

“Unfortunately, we just didn’t get employers out this year,” said Richard Shafer, chairman of the Taunton Employment Task Force, to the newspaper. “This is the first year it’s ever happened to us.”

The task force wouldn’t have been able to generate enough revenue in order to adequately advertise the job fair, he said while noting that the cancellation reflects the state of the economy in some ways.

In January,

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The banking industry has been busy fighting to defeat or delay a proposal that would cap the interchange fees they collect from merchants when customers pay with debit cards. As we’ve noted, they’ve lobbied extensively [1], and some banks have warned that they’ll end free checking, end some debit rewards [2], or place limits on the size of debit card purchases [3].

Yesterday, the industry took a different tack, suggesting there’s no need to cap the fees because rates aren’t going up to begin with [4]: The claim comes from a one-page paper [5] [PDF] by the industry’s trade group, the American Bankers Association.

“Merchant fee rates are not going up,” the paper said. “The enti

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