|
Bank of
America Practice Solutions
Select any equipment from this
website catalog to qualify for promotion
discounts listed below.
0% Promotion is a 12 month, 12
payments, zero interest program.
|
Corresponding Rate Factors |
| APR%/Term |
12 |
24 |
36 |
48 |
60 |
| 0% |
0.0833 |
0.0416 |
|
|
|
| 1.99% |
0.0842 |
0.0425 |
0.0286 |
|
|
| 2.99% |
0.0846 |
0.0429 |
0.0290 |
|
|
| 3.99% |
0.0851 |
0.0434 |
0.0295 |
|
|
| 4.99% |
0.0856 |
0.0438 |
0.0299 |
0.0230 |
0.0188 |
| 5.99% |
0.0860 |
0.0443 |
0.0304 |
0.0234 |
0.0193 |
|
Rate
factors valid until
March 31st, 2010 |
Discount Programs loan amounts:
$10,000 ~ $200,000
For equipment purchases only
*0% Promotion is a 12 month, 12
payments, zero interest program.
|
Example 1:
Loan Amount $30,000
Term 12 months
Rate 0.00%
Monthly Payment = $30,000 x
0.0833=$2,499/month
|
Example 2:
Loan Amount $15,000
Term 24 months
Rate 3.99%
Monthly Payment = $15,000 x
0.0434=$651/month
|
Click here for a Credit Application (.pdf)
Tax Benefits Available for equipment
purchases
Section 179 - $250,000 Expensing Allowance
Extended Through 2009
Business owners who acquire equipment and
qualified software for their business
usually prefer to deduct the cost in a
single tax year, rather than a little at a
time over a number of years. This
accelerated deduction is known by its
section in the tax code as: the Section 179
Expensing Allowance. The 2009 law extends
the amount of qualified property that a
business can expense under Section 179 to
$250,000. This incentive is for equipment
placed in service by 12/31/2009 and is
designed for small companies, so the
deduction phases out when a business
purchases more than $800,000 in one year.
The expense allowance has only been extended
through the end of 2009. Unless Congress
extends it again, the Tax Code 179
depreciation will go back to $133,000 with a
limit of $530,000 in 2010.
Bonus
Depreciation
Extended through 2009
The law also maintains the bonus
depreciation of 50% for qualifying assets.
This bonus is on addition to regular
first-year depreciation
20% First
year depreciation
Under IRS (MACRS, 5 year life, 200%
declining balance) for first year
depreciation, 20% may be deducted the first
year the equipment is placed in service.
The following is based on a possible tax
scenario. Please consult your accountant to
realize your full tax potential.
*Assuming a 35% tax bracket
| Equip. Cost |
Section 179 |
50% Bonus
Depreciation |
1st year
Depreciation |
Total tax
Reduction |
Tax Savings
Year of Purchase |
After Tax
Equipment Cost |
| $5,000 |
$5,000 |
$0.00 |
$0.00 |
$5,000 |
$1,750 |
$3,250 |
| $10,000 |
$10,000 |
$0.00 |
$0.00 |
$10,000 |
$3,500 |
$6,500 |
| $15,000 |
$15,000 |
$0.00 |
$0.00 |
$15,000 |
$5,250 |
$9,750 |
| $20,000 |
$20,000 |
$0.00 |
$0.00 |
$20,000 |
$7,000 |
$13,000 |
| $25,000 |
$25,000 |
$0.00 |
$0.00 |
$25,000 |
$8,750 |
$16,250 |
| $30,000 |
$30,000 |
$0.00 |
$0.00 |
$30,000 |
$10,500 |
$19,500 |
| $35,000 |
$35,000 |
$0.00 |
$0.00 |
$35,000 |
$12,250 |
$22,750 |
| $40,000 |
$40,000 |
$0.00 |
$0.00 |
$40,000 |
$14,000 |
$26,000 |
| $45,000 |
$45,000 |
$0.00 |
$0.00 |
$45,000 |
$15,750 |
$29,250 |
| $50,000 |
$50,000 |
$0.00 |
$0.00 |
$50,000 |
$17,500 |
$32,500 |
| $55,000 |
$55,000 |
$0.00 |
$0.00 |
$55,000 |
$19,250 |
$35,750 |
| $60,000 |
$60,000 |
$0.00 |
$0.00 |
$60,000 |
$21,000 |
$39,000 |
| $65,000 |
$65,000 |
$0.00 |
$0.00 |
$65,000 |
$22,750 |
$42,250 |
| $70,000 |
$70,000 |
$0.00 |
$0.00 |
$70,000 |
$24,500 |
$45,500 |
| $75,000 |
$75,000 |
$0.00 |
$0.00 |
$75,000 |
$26,250 |
$48,750 |
| $80,000 |
$80,000 |
$0.00 |
$0.00 |
$80,000 |
$28,000 |
$52,000 |
| $85,000 |
$85,000 |
$0.00 |
$0.00 |
$85,000 |
$29,750 |
$55,250 |
| $90,000 |
$90,000 |
$0.00 |
$0.00 |
$90,000 |
$31,500 |
$58,500 |
| $95,000 |
$95,000 |
$0.00 |
$0.00 |
$95,000 |
$33,250 |
$61,750 |
| $100,000 |
$100,000 |
$0.00 |
$0.00 |
$100,000 |
$35,000 |
$65,000 |
| $125,000 |
$125,000 |
$0.00 |
$0.00 |
$125,000 |
$43,750 |
$81,250 |
| $150,000 |
$150,000 |
$0.00 |
$0.00 |
$150,000 |
$52,500 |
$97,500 |
| $175,000 |
$175,000 |
$0.00 |
$0.00 |
$175,000 |
$61,250 |
$113,750 |
| $200,000 |
$200,000 |
$0.00 |
$0.00 |
$200,000 |
$70,000 |
$130,000 |
| $225,000 |
$225,000 |
$0.00 |
$0.00 |
$225,000 |
$75,750 |
$146,250 |
| $250,000 |
$250,000 |
$0.00 |
$0.00 |
$250,000 |
$87,500 |
$162,500 |
| $275,000 |
$275,000 |
$4,375 |
$875 |
$255,250 |
$92,750 |
$182,250 |
| $300,000 |
$300,000 |
$8,750 |
$1,750 |
$260,500 |
$98,000 |
$202,000 |
|
http://www.groupfinancial.com/
The complete financial Resources for The
Healthcare Professions
-
First Practice Financing
-
Real Estate, Mortgages, Land
Acquisitions and Ground Up Construction Loans
-
Practice Expansions, Relocation and
Renovation Financing
-
Second and Third Practice Financing
-
Practice Acquisition and Practice Buy-in Financing
-
Working Capital and Debt
Consolidation Loans
Call Today 800.422.3520
|
National Leasing
-Canada Customers Only-
For more information
click here!
|
The 5 Steps of the Lease Process for Our U.S.
Partners |
|
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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