The benefits of equipment leasing are as numerous as the thousands of American businesses that lease equipment every year. Over 80% of all US Companies lease all or some of their equipment, and leasing accounts for over 30% of the dollars spent by American businesses on capital equipment every year, making leasing a $350 billion dollar a year industry.
Here are some things to consider when deciding if leasing is a viable option for your business:
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100% financing: unlike most bank loans, an equipment lease you can finance the entire acquisition cost with no large deposits or down payments are required.
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Simplified cash flow: fixed payment schedules provide fiscal control and can be tailored to meet your seasonal needs if required.
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Capital preservation: you can get the equipment you need without tapping into your borrowing power or cash reserves so you can keep your capital free for other business needs.
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Expansion safeguard: new equipment can be added to your existing lease allowing you to keep up with the changing needs of your growing business.
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Faster implementation: an equipment lease can be structured quickly to get your new equipment working for you as soon as possible.
Team up with Sterling Bank Leasing, a division of Sterling National Bank, a multi-billion dollar organization that's been in business for over 75 years, and discover the benefits of leasing with us.
Leasing professionals to answer your questions and concerns
Since 1929, Sterling National Bank has been recognized as one of the nation's most stable financial institutions. Sterling Bank Leasing continues this tradition of reliability and service. Most importantly, we understand how equipment financing should be done and we offer national clients the same continuity and unparalleled personal service as is exemplified by our parent organization.
Fast turnaround
Right from the start, you'll be working with a decision maker, so a prompt response is guaranteed. Sterling works fast to meet your business needs so that your new equipment can start making money for you quickly. More importantly, your Sterling expert will carefully craft a customized lease to meet your company's individual needs.
Call Steven Orenstein, Senior Vice President, at 212-575-2474 or email
steven.orenstein@sterlingnationalbank.com to discuss how Sterling Bank Leasing can be of assistance.
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The Sterling Family
Sterling Bank Leasing is a division of Sterling National Bank, founded in 1929. Our core businesses include asset based lending, factoring, letters of credit, commercial lending, residential mortgages, private banking, trust and estate administration, investment management, international trade finance, and a full suite of deposit products and cash management services.
At Sterling you will find an entrepreneurial, facilitative source of financing with the resources that you need. Let us show you what it's like to have a full service bank in the family.
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