The U.S. House passed a bill last week that will extend a tax deduction allowing small business owners to deduct as much as $500,000 when they buy new equipment.
While the bill still needs to pass the Senate and then be signed into law by President Obama, this is undoubtedly good news for small business owners.
Purchasing new equipment—like computer software, tools, machines or property—is integral to small business success, but many businesses are finding it increasingly difficult to finance the equipment they need when they’re not sure how much they will owe in taxes on any given purchase.
With the news of the impending tax breaks along with the uptick in the economy, now may be a good time to look into equipment purchases for your business, and we can help. Our programs are designed to help business owners fulfill their financing needs without the pressures that come along with a bank.
Own a restaurant and need to replace an oven or grill?
Own a trucking company and need to add a vehicle or two to your fleet?
Are you an auto repair shop owner who needs to replace your lifts?
Not a problem. Our online application can approve your business for financing in just 60 seconds and you can subsequently have the money in your account in days.
Don’t let costs or tax issues affect your ability to improve your business with necessary equipment upgrades. Call us today at 1-800-267-3790 to learn more about how our programs can help finance your equipment.