1st Source Bank

Benefits & Types of Leasing

Whatever equipment you need to run your business efficiently and effectively, we have the leasing plans to help you get it.

The benefits of business leasing make it an especially attractive financing option:

  • a smaller initial investment than required with purchasing
  • minimized up-front costs, with little or no down payments
  • variable payment options
  • a payment schedule to accommodate your budget requirements, with payments fixed for the term of the lease
  • a selection of purchase options
  • possibly tax-deductible payments on equipment leases – unlike payments for equipment purchases
  • the ability to finance related costs such as installation, training, maintenance, and shipping costs
  • the conservation of working capital, allowing you to use it for investments instead of tying it up in equipment
  • a reduced risk of owning obsolete equipment
  • the preservation of bank credit lines for shorter-term financing needs such as payroll or inventory
  • a reduction in paperwork

Whether your business is medical, municipal, or manufacturing-related, we can customize a lease to fit your particular needs. Just fill out one of these lease applications and get the ball rolling:

I’d like more information on the benefits and types of Leasing from 1st Source.