Click "Apply Now" below or the finance button on any equipment page to fill out an application.
Upon approval, QuickSpark will email your lease documents directly to you.
Fill the forms out, sign them, and fax or email them back to QuickSpark.
You will receive a phone call from QuickSpark when your equipment arrives.
Finance leases give you options that traditional bank loans or cash payments simply don't offer. Look over the chart below to learn about the advantages of a finance lease, and decide for yourself whether it's the right choice for you.
Finance leases through QuickSpark offer simplified documentation, easy one page applications, accelerated approval times, and more.
The IRS allows you to deduct interest as an expense on the finance lease each year and depreciate the cost of the asset over the life of the asset. Another option for qualified businesses is to take advantage of Section 179 of the IRS tax code, which allows you to deduct the full purchase price for qualifying equipment financed during that tax year from your taxable income, essentially giving you "free" usage for over a year.
If your business is not yet open, you can request payments be deferred to coincide with your expected cash flow after opening.
Cash flow is critical to the success of any business. Maintaining healthy cash reserves can help keep your business running in an emergency situation. Finance leases require no cash out-of-pocket; equipment can be taken into possession once an agreement is signed and approved, allowing you to earn profits from your new equipment faster.
One of the most flexible methods of acquiring equipment, finance agreements can be written to suit your particular business situation. Payments can be matched to project revenues, seasonal cash flow variations, budget limitations, and other challenges.
Whether you're financing an emergency equipment purchase or planning an upgrade, a finance lease can be nearly as fast as paying cash but without the risks associated with tapping into your cash reserves. In many cases, approval happens so quickly that you can take possession of the equipment the same day!
With a finance lease, you have several choices regarding your equipment assets at the end of the agreement, which gives you the flexibility to adapt to your changing business needs.
An available line of credit is an extremely valuable tool to address unforeseen financial expenses. Reducing your open lines of credit by using them to finance equipment can be risky.
A lease finance agreement can be written for a term that fits the equipment's usefulness. At the end of the term, the equipment may be returned and a new agreement written for new equipment that best suits your current needs.
Finance leases can be structured to meet FASB requirements for "off balance sheet" accounting treatment.
Leases do not include blanket liens, restrictive covenants, rate escalator clauses, "call anytime" provisions, compensating balance requirements, or any of those other little surprises that tend to be a part of traditional lending arrangements.