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Leasing Information

Why Lease Shoe Machinery?

  • Leasing allows for little or no down payment, usually 1 or 2 months.
  • Leasing preserves your bank lines for working capital needs.
  • Leasing provides low monthly payments on desired shoe machinery.
  • Leasing offers flexible financing plans, i.e. seasonal skip payments, deferred payments, annual payments, or we can create a customized plan to suit your needs.
  • Leasing allows you to maintain a competitive edge by providing an affordable means to acquire the latest technology.
  • Leasing your shoe repair machinery can be treated as an operating expense to your business, and this can supplies you with 100% tax deductible payments.
  • Leasing payments are fixed rate and fixed term financing - no fear of payment increases.
  • Leasing can help you acquire new or used shoe repair supplies.
The Disadvantages of Bank Financing
  • Normally shorter terms than leasing.
  • Installation, taxes and freight cannot always be financed.
  • Large down payments sometimes required.
  • Compensating balance in bank account(s) often necessary.
  • Considered an installment sale by the IRS and, hence, only the interest is tax deductible.
  • Could reduce existing lines of credit and lower your credit rating.
  • Usually variable rates.

Leasing shoe repair supplies and machinery is cost effective.
Leasing is flexible financing.

To apply or get more information about leasing contact:
Megan Zoba
Oakmont Capital Services
1398 Wilmington Pike
West Chester, PA 19382
Toll free 877-701-2391
Fax 800-843-2948
mzoba@oakmontfinance.com

 

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