Eastern Funding, LLC

At Eastern, client dialogue is key to every financing package. But this is especially pertinent for leases because of their diversity. As an example, there are true leases and finance leases. True leases are rental contracts. Finance leases are more closely related to loans. And while leasing may be the solution for equipment that has limited product usefulness and depreciates quickly, certain leases offer end of term upgrade options. In another case, a true lease may have a larger yearly carrying cost than a finance lease; but depending on your business’s tax situation, it could actually be cash positive.

Leasing provides companies with a practical, effective way to finance the acquisition of the business equipment they need to grow and expand. Equipment financed on a lease can give you an option to buy at the end of the term.

Leasing provides a new source of funds, often enlarging the pool of capital available to the business - a very attractive alternative to bank financing when tight money conditions exist or during periods of expansion.

Leasing enables your business to have the use of newer technology and more productive equipment. This translates into being more competitive by offering better service, quality of work, less downtime and repair costs, increased productivity by employees, and an increase of revenues and profit for the business.

Most costs incurred in acquiring equipment can be structured into the lease and amortized over the life of the lease, e.g., delivery charges, installation charges, software, etc.

Leasing may also enable exemption from sales tax on certain types of equipment. If sales tax must be paid, it is paid monthly on the rental payment, not a lump sum up front. It additionally provides a hedge against inflation by locking in on today's rates and paying monthly with inflated dollars.

Leasing services for businesses fall into two major categories:

Equipment Leasing
Equipment leasing finances everything from the manufacturing equipment to the personal computers, desks, and chairs used by you and your employees.

Real Estate Leasing
Real estate leasing finances everything from office and retail space to warehouses and parking lots. Real estate leasing also includes sale-and-lease backs. A sale-and-lease back occurs when a company sells real estate and leases it back from the new owner.

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