Commercial Leasing through Federated Bank
By Amanda Martinez
Leasing is a commonly used financing alternative that meets the needs of many small businesses and farming operations. It allows organizations to gain access to equipment and work space without undertaking the significant commitment of a commercial loan. Leasing also allows for flexibility to adjust to changes in direction. While you already know that Federated Bank is a trusted lender to provide the financing you need to support your farm or business, you may not know that we also offer a commercial leasing program. Keep reading to learn more.
Equipment Leases
When a business needs equipment in order to operate, leasing is often a good option. Our leasing program does not require any down payment and offers fixed rates and flexible payment options to accommodate the seasonal fluctuations that are common in certain industries. The Accordion Feature of our leasing program, which is only available through local banks, allows for an increase or decrease during the loan term depending on the need for tax shelter.
Building Leases for Tax Exempt Organizations
Lease financing from Federated Bank helps preserves the operating capital of your tax-exempt organization. In certain scenarios, leasing a building may reduce the overall cost of the building while allowing you to still have the ability to own the building when you take advantage of the purchase option.
Municipal Leasing
Leasing isn’t just for businesses. A growing number of municipalities and school districts use leasing to acquire assets of all types and classifications. Leasing is easy and it avoids the costs associated with referendums or bonding. In addition, typically only the annual payments are included in annual budgets. Leasing allows municipalities to acquire essential equipment today without the costly delays due to capital appropriations. At Federated Bank, we are ready to serve any leasing needs you have. As a part of our local communities, we have a clear economic and community interest in making sure your transaction is properly structured to best serve our community.
There are various leasing providers that you can choose when you decide that leasing is the right choice for your organization. The advantage of using Federated Bank is the relationship that you already have with us. We know your business and want to see you succeed. Unlike other traditional leasing companies, we never charge termination or prepayment penalties should you need flexibility during the term of your lease. In addition, coordinating all your banking and equipment financing activity with one bank is convenient and saves you valuable time. If you think that leasing might be the best option for you, stop by and talk to any of our loan officers for more details.
