Equipment Leasing
Precisely the lease you need
At IronStone Bank, brings you experience and expertise in structuring a wide variety of different types of leases. You can choose a capital lease or operating
lease for leasing your equipment. A Capital lease has a stated residual value with a nominal purchase option price at lease end, often just $1.00. With an operating
lease, the purchase option price is the fair market value of the equipment — because of that higher value at lease end, an operating lease has a lower finance rate
and lower payments than a comparable capital lease for the same piece of equipment.
It's simple and convenient
We make equipment leasing simple and convenient. All you have to do is specify the equipment you want to lease, select the vendor or vendors and
negotiate pricing. Then, we purchase the equipment and provide you with the appropriate lease documents. Payment is made to the selling vendor once you've received
and accepted the leased equipment. Lease terms are generally 24 to 60 months in length. Both Capital and operating equipment leases from IronStone Bank are no net
leases — insurance, all taxes (property and sales/use) and maintenance are the responsiblity of your firm.
Features & benefits
- IronStone Bank equipment leases provide 100% financing with only the first and last payments and one-time documentation fee payable in advance, so you have improved cash flow.
- Lease payments are lower than payments under traditional financing due, in part, to the residual value or stated purchase price of the leased equipment.
- Any sales/use taxes may be spread over the term of the lease.
- Under an operating lease structure, the finance rate — and your payments — can be lower because of the depreciation benefit to IronStone Bank. For
tax purposes, you expense your lease payments and IronStone Bank depreciates the equipment.
Get complete information
At IronStone Bank, we have expertise in leasing. We're ready to work for you.
To learn more about IronStone Bank Equipment Leasing, talk with an IronStone Bank relationship banker or call 1-866-IB DIRECT (1-866-423-4732) today.
What you can lease
- Computer systems
- Farm equipment
- Fork lift trucks
- Machine tools
- Medical equipment
- Office equipment
- Printing equipment
- Telecommunications systems
