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"Thanks to Select Business Credit, I was able to take my business from a single office operation with just 2 employees to a national organization with locations in over 20 states. Select Business Credit gave me the help I needed to achieve the success I've always dreamed of. They can help you, too!”
Tony G., CEO, Nationwide Tax Group

Types of Equipment Leasing

Equipment Lease Types

Select Business Credit wants to do what’s best for you. This starts with determining the best equipment lease structure for your needs. Select business credit offers two different types of equipment leasing options.

True Lease

A True Lease, or tax lease, increases your claim deductions for IRS purposes.

Using a True Lease for your equipment leasing purposes allows your business to write off all equipment lease payments as an operating expense. This lease may provide you with the lowest payment plan.

Finance Lease

A Finance Lease allows your business to write-off equipment depreciation and interest expense as an owner.

Select Business Credit offers two equipment Finance lease options:

A 10% Purchase lease option

Using the 10% finance lease option allows for a great degree of flexibility. Your business will lock in end-of-lease costs at the time of purchase. At the end of the equipment leasing term, your business will have the following options:

  • Renew the equipment lease and upgrade all equipment
  • Purchase the equipment for 10% of the original financed amount
  • Return the equipment

$1 Purchase Option Lease

Want to keep all the equipment? We will sell it to you for $1! At the end of the equipment lease, three options are available:

  • Renew the lease and upgrade all equipment
  • Purchase the equipment for $1!
  • Return the equipment