Equipment financing plays an important role in many relocations and tenant improvement projects. During a recent transaction with Trina DeHerrera of U.S. Bank in their Lafayette office she provided the below information which I found useful in my discussion with our clients. I hope you find it helpful as well.
Don’t put off buying that equipment that you need as Section 179 is set to reduce in 2013.
Highlights for Tax Benefit in 2012
- For 2012 you can expense up to $125,000 (+ Cost of Living Adjustment) on the cost of New and Used Equipment (in 2013 this is expected to reduce to $25,000)
- Allow for 50% bonus depreciation of the cost of NEW Equipment for a limited time and certain conditions
- $1 Buyout lease qualify for Section 179 benefits, while Fair Market Value DOES NOT….
Simple, Easy and Convenient
We finance a wide range of equipment types, both new and used and can combine invoices from multiple vendors. You shop we write the checks
- Application-only up to $150,000
- Credit decisions in as little as 8 hours
- Next day funding available
- 100% financing plus up to 25% soft costs
- U.S. Bank has their own in house Equipment Finance division so there are no 3rd parties
- $1 Buy out
Trina DeHerrera
U.S. Bank Business Banking
925-457-0168 Cell
925-246-1023 Office
925-626-4223 FaxCommercial Real Estate Finance | SBA Lending
Investment Properties | Dental, Ophthalmology and Veterinary Practice Finance
Business Acquisitions | Equipment Finance | CRE Equity Line of Credit |
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