Answers to Frequently Asked Questions
This is the perfect way to free up more money. Leasing opens up extra capital for your business. It’s a great option if you’re expanding fast or if banks’ restrictions are tight. Look:
Providing Long-Term Financing
To Our MANY Clients NATIONWIDE
You can now offer better service, better quality of work, less downtime, increased productivity, and increased revenue.
You pay bank loans with after-tax revenue. Leased payments are expensed. The extra money helps pay for the equipment.
In most cases, one or two advance payments are needed to initiate the loan. Odyssey Equipment Financing has money for start-up companies. We can help financing equipment for your new business frees up valuable capital and helps establish your credit.
By locking in today’s low rates, your payments don’t increase even though prices have increased!
Because you financed the equipment, you are not asking the bank for short-term loans. You still have the credit available for inventory, accounts receivable, and other short-term needs.
We can roll the extra cost in buying equipment (delivery, installation, software, etc.) into the life of the lease. Smaller payments over time!
If you have outstanding bank loans or lines of credit, many banks place restrictions on them as a condition for approving your new loan.
ODYSSEY
John Torbenson, President and CEO