WAREHOUSE EQUIPMENT & COMPLEX SOFTWARE SYSTEMS
Warehouse management
systems and equipment can be very expensive, and essential to staying competitive and
increasing efficiency. Also
with major retailers demanding suppliers use state of the art labeling and
tracking. Real time system access to inventory moving through third party
logistics providers. Transportation companies, third logistics providers and
distribution centers are faced with the reality of acquiring very expensive
systems and software.
We take the time to understand your
technology and your business needs. Working with a commercial finance
company who understand your technology is important. In our experience
many commercial banks and funding sources have difficulty understand complex
equipment and soft asset projects. When a bank does not understand the
value of your equipment and systems they decline the transaction or risk
adjust the costs making the project more expensive. We have working
relationships with asset managers to help with the approval process.
Credit is looked at more closely and
standards can be tighter. Lender are risk adverse and we know when a lender
does not understand your technology funding will be difficult. The good news is we have deep funding a can put
project funding in place for a wide range of credit. We can provide advanced
project funding and roll all of your business software
and equipment into one convenient master lease. A wide range of lease funding options are
available however custom software may require a put a the end of the lease
term.
Software Systems We Finance
Warehouse Management Systems (WMS)
solutions. Distribution Center systems for
inventory control and supply chain management. Enterprise wide supply chain solutions
including logistics software management systems. Inventory control systems software,
custom RFID labeling software and custom bar
coding solutions. Business office management software
programs. Medical practice software, medical billing software, clinical
software systems, and custom laboratory software programs. office software
programs.
Capital Lease (Bargain Purchase
Buy-Out)
This plan allows you to buy the equipment at the end of the lease term for a
nominal amount of $1. For companies that intend to keep the equipment
at the end of the lease, this is an option. In essence, you are building
"equity" in the equipment, so at the end of the lease you own the equipment.
Under IRS Section 179 you may be able to immediately deduct up to 250K of equipment in
the 2008 tax year. This could result in significant tax savings for
businesses facing a tax liability. Consult your accountant. Software
normally requires a purchase at the end as the residual value to a lessor is
negligible.
True Lease (Fair Market Value)
This structure provides you with the option to purchase the equipment at the
end of the lease for its then Fair Market Value, continue leasing the
equipment based on its Fair Market Value, or return the equipment. The
payment during the term is lower than on a lease purchase, but the cost at
the end of the lease is higher. In most cases, there is a "cap" on the Fair
Market Value of 10% of the original cost of the equipment. This lease can
provide tax advantages that effectively lower your payment. It also allows
you to avoid being stuck with obsolete or inefficient equipment.
Operating Lease
An operating lease must meet all
requirements of FASB 13 and has a shorter term compared to
the useful life of the asset or piece of equipment being
leased. This type of lease is beneficial for businesses who
want to keep their leases out of their financial statements.
With an operating lease, only the right to use the property
is transferred and not the actual ownership of the asset.
The lessee is only required to record the operating expense
of the property and it does not affect the balance sheet.
Municipal Lease
This program is available to all city and state agencies such as public
school districts, municipal hospitals, police and fire departments. The
rates are much lower than standard commercial rates.
Federal Lease
This program is available to all government agencies and departments. The
Lessee, rates are lower than standard commercial rates.
Mini Lease
This lease requires minimal paper work and is normally available for
transaction under 150K.