|
Leasing has become the financing vehicle of choice for business owners like you. Responding to your need for quick, convenient and flexible lease arrangements, we have developed a commercial leasing program. Many businesses lease equipment to preserve cash and to take advantage of tax benefits and to reduce the risk of obsolescence.
-
Since we already work together and because we care about your personal success, our leasing program perfectly compliments our other business products and services.
-
Leasing is the perfect solution for businesses that want to conserve working capital or that plan to expand. With our lease program, payment options are tailored to meet your business demands and cash flow needs, plus variable terms are available for new or used equipment. When you lease equipment you're not tying up your cash. Keep your working capital free for other uses - not tied up in fixed assets.
-
Leasing provides greater flexibility than purchasing and can protect you from being locked into owning equipment that may not meet your future needs. Your needs will change, technology will improve, and with leasing, you can upgrade your equipment within the lease term. When the term is up, you have several options-renew your lease at a greatly reduced payment amount, purchase the equipment, or return the equipment.
Leasing may offer tax advantages as an operating expense, so it could actually cost less in after-tax dollars than an outright purchase.
Bank of Botetourt also offers vendor leasing programs. Contact 540-966-3850 or lending@bankofbotetourt.com for more information.
|
|
