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www.finservices.com/gfs
The complete financial Resources for The
Healthcare Professions
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First Practice Financing
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Real Estate, Mortgages, Land
Acquisitions and Ground Up Construction Loans
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Practice Expansions, Relocation and
Renovation Financing
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Second and Third Practice Financing
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Practice Acquisition and Practice Buy-in Financing
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Working Capital and Debt
Consolidation Loans
Call Today 800.422.3520
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Possible tax scenario. Consult an
accountant for actual tax benefit |
2006 Tax Benefits |
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Year 1-Tax Benefits |
| Equipment Cost |
$50,000.00 |
| IRS Sec 179 |
$50,000.00 |
| Total 1st year write off |
$50,000.00 |
| Tax ($) Benefits EST. Tax Bracket 35% |
$17,500.00 |
| Equipment cost after year 1 Tax Benefits |
$32,500.00 |
The following is a possible tax scenario.
Consult an accountant
to maximize your actual
tax benefit |
2006 Tax Benefits
Year 1-Tax Benefits |
| Equipment Cost |
$200,000.00 |
| IRS Sec. 179 |
$108,000.00* |
| Adjusted Basis |
$92,000.00 |
| 1st Year Percentage of 5 Year Depreciation |
20% |
| Depreciation |
$18,400.00 |
| Total 1st Year Write Off |
$126,400.00 |
| Tax ($) Benefits Est. Income Tax Bracket:
35% |
$44,240.00 |
| Equipment Cost-After Year 1 Tax Benefits |
$155,760.00 |
EXTENDED! IRS SECTION 179?Expensing Allowance - The
American Job Creation Act of 2004 extend the use of the
$100,000($108,000 for 2006*) ceiling for two more years,
through 2007, for equipment purchases and qualified
leasehold improvements. Qualifying property now also
includes off-the-shelf computer software. *IRS Section
179 is written so it will increase with the cost of the
living (inflation).
Why finance with HPSC?
Banks
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HPSC
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Banks have variable
(floating) rates |
HPSC has fixed rates,
simple interest |
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Banks will not lease |
HPSC will lease and
finance your project |
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Banks usually ask for
collateral, such as a house or property |
HPSC uses equipment
for collateral and does note require personal assets |
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Banks often ask for a
20% down payment |
HPSC provides 100%
financing |
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Banks charge points to
cover the cost of the loan documents, attorney fees,
etc. |
$99.00 documentation
fee; no points or additional fees to cover costs |
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Bank terms will
usually not exceed five years |
HPSC provides terms
from one to seven years |
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Bank loans can tie up
your credit line for future purposes, such as
personal loans |
HPSC will not tie up
your credit lines with the bank |
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Funding the loan can
mean miles of red tape and paperwork |
Funding with HPSC is
as simple as making a phone call |
National Leasing
-Canada Customers Only-
www.nationalleasing.com/misc/contacts/mark_sutton.php
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The 5 Steps of the Lease Process for Our U.S.
Partners |
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Step 1 - Quoting
Option 1:
Quote a payment to your customer by using your
National Leasing rate card.
Option 2:
Call one of your National Leasing contacts for a
customized quote.
Step 2 - Credit
Option 1:
Have your customer fill out a credit application
in
its entirely.
Fax or
email the application to your National
Leasing
Sales Administrator to start the process.
We need
to know:
a. Equipment Description
b. Cost of Equipment (pre-tax & currency funds)
c. Length of Term requested
d. Is applicant trading up equipment currently
on
lease?
Option 2:
Call National Leasing with the equipment details
and we will contact the customer to obtain the
necessary credit information.
Step 3 - Documentation
Once you have
received a credit approval fax or email
the equipment specifics (copy of invoice/quote)
to us
along with the lease payment quoted to the
lessee.
Documents will be
forwarded to the lessee within
24 hours of receiving your invoice/quote.
National Leasing
will follow up regularly with the lessee
to ensure we get the signed documents back as
quickly as possible. |
Step 4 - Customs/Shipping
Option 1:
National Leasing, as importer of record, has
secured Livingston International as our Customs
Broker. To arrange customs entry into Canada,
please remit the following documentation to them
by Fax (204) 453-5256 or email
cst34@living-stonintl.com
Account #330910 attn: Team 34
Be Sure to Include:
a. Commercial Invoices
b. Currency of Funds
c. Country of Origin
d. Bill of Lading
e. Carrier of Choice
Option 2: Use your own
Shipper/Broker and provide National Leasing a
copy of your Customs and Shipping Documentation
prior to receiving payment.
Step 5 - Payment
Fax or email the
final invoices showing National Leasing as
purchaser and the Lessee's address as the "Ship
To" location, complete with serial numbers (if
this was not already done at the documentation
stage).
Once National
Leasing has received completed documentation and
the equipment has been delivered, payment will
be issued to you within 24 hours.
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For more information
click here:
Mark Sutton
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