Financing

IMT offers its clients competitive financing solutions to acquire equipment and software. Financing your equipment conserves cashflow, guards against obsolescence, and can provide tax savings. Our financing program can qualify your company in minutes and utilizes a streamline application process. Call us today at (877) 761-9770.

Download our simple one-page credit application.

Benefits of Leasing

Convenience

Leasing is often more convenient than alternate means of financing. Lease approvals up to $250,000 typically require a simple one-page credit application.

Free Up Cash

Leasing provides 100% financing – including items such as shipping, installation, software, and training. There is no need to tie up valuable working capital – making it available for more profitable opportunities such as adding sales personnel, increasing marketing or taking advantage of quantity discounts. A good general rule is to invest cash and working capital on things that appreciate (i.e. sales people, real estate) and to Lease items that depreciate (i.e. equipment). Just as you would never pay an employee their full annual salary in advance, leasing allows you to pay-as-you-earn.

Preserves Bank/Credit Lines

Leasing preserves existing lines of credit for previously earmarked projects, short term or seasonal needs and other financial priorities, while at the same time creating another valuable credit source.

Low Down Payments

In contrast to bank loans, leases do not require substantial down payments or compensating balances, do not have floating interest rates or restrictive covenants, and can usually be structured for lower payments. Bank loans will typically allow for the note to be arbitrarily called and/or require a cross collateralization of business and personal assets.

Saves on Taxes

Very simply, lease payments can be set up as a direct operating expense, paid from pre-tax dollars versus after-tax profits.

Fixed Monthly Payments

A predetermined lease payment schedule permits a lessee to more accurately predict its future equipment costs and cash needs. In addition, by leasing major equipment items, a lessee knows the exact amount of future payments and avoids the risk of fluctuations in the cost of funds.

Section 179

Business owners who acquire equipment for their business: machinery, computers, and other tangible goods, usually prefer to deduct the cost in a single tax year, rather than a little at a time over a number of years. This deduction is known by its section in the tax code, a Section 179 deduction.

Under Section 179, businesses that spend less than $530,000 a year on qualified equipment, may write-off up to $134,000 in 2010. The rules are designed for small companies, so the $134,000 deduction phases out when a business purchases more than $530,000 in one year. (Companies cannot write off more than their taxable income).

Equipment Cost Example: $300,000

Section 179 Write Off: $134,000

($134,000 is the maximum Section 179 write-off in 2010)

Regular 1st Year Depreciation: $ 33,200

(Calculated at 5 years = 20%; ($300,000-$134,000) x 20% = $33,200

Total 1st Year Deduction: $ 167,200

$134,000 + $33,200 = $167,200

Tax Savings Assuming Rate of 35%: $58,520

($167,200 x .35 = $58,520)

1st Year Net Cost after Tax Savings: $241,480

($300,000 – $58,520 = $241,480)