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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.

Contact Preferred Business Leasing, Inc.
We have over 14 years experience providing leasing services to the business community.

1202 Turks Head Lane, West Chester, PA 19382
Phone 1-800-448-6404
Fax 610-793-1067

 

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