Computer Equipment Financing

Our financing programs for IT products are particularly popular -

• Because our solutions are designed specifically to allow businesses to acquire the technology they need now  and ...
• They allow our clients to continue to adopt new technology as it makes sense for their organization.
• Application only up to $75,000.00 - No financial statements required in most cases

Marks has several programs available to meet the widest variety of needs. Over the past decade, the rate of equipment and software obsolescence has accelerated. As a result, computer hardware and software becomes outdated in months, instead of years. The proliferation of distributed environments can tax even the most well designed networks.

Whether you have a large environment or a small shop that needs to provide you with the ability to stay on top of your business and competitive in the market inevitably the life expectancy of your back office equipment is only 3 to 5 years.

Approvals for application only in as quick as 24 hours of receipt. Middle market and large ticket usually take 3-5 days. Up to 84 months to repay with excellent payment terms. These programs are for companies established for two years or more.

Startup Program

Most financial institutions will not finance companies that are just going into business. If your company has just started in business, or is in business for a short time usually less than two years, we can help you grow by financing the equipment you need to be successful.

B, C and D Credits

In these tough economic times many businesses have suffered financially. Additionally, the owners of these companies have seriously damaged their personal credit. We have developed a “second chance” program to help these companies. We can structure your financial needs to help you rebuild your company.

Government and Municipal Leasing

We can provide lease financing to any government or municipal entity with guaranteed approval. The rate is determined by the rating of the municipality or government agency. A partial list of who we finance is listed below:

• Federal Government Agencies
• Armed Services
• State Agencies
• Public Schools
• Police Department
• Fire Houses
• Libraries

The above list is only an example of what we can finance. We can finance any state or federally controlled entity.

Please contact us so one of our finance specialists can discuss your specific needs and how we can arrange the financing your company requires.

Why Lease?

Leasing is the right choice!
Leasing is one of the fastest growing ways of acquiring equipment in business today. Recent surveys found that 80% of U.S. businesses, from Fortune 500 to the local family business, lease some portion of their equipment. A growing business often faces the dilemma of limited cash flow and the need to add equipment. Leasing can put the equipment to work for you with real cash flow advantages and without major capital investment. We can lease virtually any type of equipment, including software and installation.

Low monthly payments
The monthly lease payment will usually be lower than the payment required by other methods of financing.

No need to tie up capital
Keep your business’ cash for future needs, unexpected expenses or working capital when revenues are low.

You can always lease equipment – you can’t lease money!
Most types of financing require down payments of up to 25%, whereas leasing covers 100% of the cost of the equipment. Most leases require only one or two payments in advance. Get immediate use of the equipment with minimal up-front cost.

Preserve existing lines of credit
Leasing has no impact on your bank credit lines. Protect your borrowing power for other business needs or opportunities.

Eliminate obsolescence
Technology is changing at a rapid fire pace. What meets your business’ needs today may be obsolete three years from now. Leasing allows you the flexibility to maintain a competitive edge by giving you today’s best technology then allowing you to upgrade when the equipment has outlived its advantage.

Fixed payments through the term of the lease
Unlike bank lines of credit that usually have variable rates, lease payments are fixed no matter what happens in the market. By choosing to lease you won’t be a victim of skyrocketing interest rates. Remember the 80’s when rates rose from 9% to over 20% in one year? That can’t happen with leasing.

Significant tax and accounting advantages
Leasing eliminates the need for complicated depreciation schedules since lease payments are generally line item expenses on your P&L statement. And since lease payments can usually be treated as a pre-tax business expense you may even reduce your taxes. Paying cash for equipment automatically adds 30-40% to the cost when you realize that cash = profits and taxes are paid on profits. Leasing is the right choice! It minimizes demands on cash flow, eliminates obsolescence, keeps your bank lines open, saves on taxes and shelters you from the market

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