McLeod Financial Solutions

Benefits of McLeod Financing

Take a look at the many reasons why businesses are financing their capital purchases through McLeod Financial Solutions:

  • Equipment/Software Financing is the Use of an Asset. No business pays its employees in advance; they pay people as they contribute. It should be no different with a contributing asset like business equipment or software. Financing enables you to pay as you go.
  • Longer Terms. Many banks only lend money for a short term, usually 12 to 36 months. In finance arrangements, the term can be as long as 60 months and, in some cases, even longer.
  • Conservation of Capital. Because of the sizable cash outlay involved in purchasing new equipment or trucking software many businesses finance to conserve capital.
  • Easier than Bank Loans. Equipment/software financing programs and procedures are specifically designed to take the red tape out of financing. A one-page application is often all that is required.
  • Little or No Down Payment. Special programs reflect the unique financing needs of specific industries. Lower up-front costs make financing very attractive.
  • Fixed Payment. Monthly payments on a finance purchase are generally fixed for the entire term. This enables you to budget and manage your asset dollars for the months or years ahead.
  • 100 Percent Financing. Traditional methods of financing usually do not include “soft costs” such as set-up or installation, service contracts and delivery fees.
  • Ownership. At the end of the finance period you will own the asset for a payment of $1.00.
  • Special Programs. Marketing and pricing programs can be customized to reflect the different financing needs of various industries.
  • Master Finance. The Master Finance agreement provides for a “line of credit” to cover the acquisition of equipment/software over time from one or various vendors. The pricing is based on the total amount approved, thus giving lower rates to even the smallest part of the finance package.

For more information, please contact Sharon Foglesong at Sharon.Foglesong@McLeodSoftware.com or 205-406-1096.