EQUIPMENT LOANS

Have you started a business and are looking for affordable ways to furnish you’re new shop or office? Let LFG help you get the proper finances for all your equipment needs in order to make you business successful!

LFG is committed to helping business owners, both small and large, obtain the financing to ensure every company is provided with the equipment they need to succeed. LFG also offers a wide variety of available leasing programs. We also offer an endless range of equipment we can help finance. It’s quick, it’s easy, and available to business owners at no charge. Simply click here to get started. Don’t let financing stop your business from becoming the most successful.

CLICK HERE TO GET STARTED (APPLICATION)

Available Leasing Programs

FLEXIBLE LEASE: Financing on new or used equipment.

This covers soft costs such as installation, freight, and taxes. Also includes specially structured lease plans to accommodate our customers cash flow needs.

$ Lease plans for Start-Up companies

$ FMV, 10% Purchase Option, $1 B/Out Option

$ Trac-Lease for Commercial Vehicles

$ Deferred payment plans

$ Seasonal, Step & Skip payment plans

COMMERCIAL LEASE (Full financial disclosure)

$ Fixed rates as low at the current prime interest rate

$ Lines of credit available up to $5,000,000.

$ 3-4 Day Credit approval with complete financial package

Lease Structures:

Operating Lease
The most classic equipment leasing option available, an operating lease (or true lease) structures the lease agreement to provide 100% tax deductibility on lease payments as a capital expense. The leased equipment is classified as a rental, allowing the lessee to transfer obligation of the equipment to the lessor at the end of the term.

Capital Lease
The optimal choice for long-term equipment plans and intended eventual ownership, a capital lease (similar to a finance lease) classifies equipment as being owned by the lessee, allowing the lessee to claim tax deductions on the equipment depreciation. A capital lease usually provides a more attractive purchase incentive at the end of the lease term.

Equipment Finance Agreement (EFA)
A method of equipment financing with fixed payments for a predetermined number of months, where the borrower owns the equipment and the lender merely retains a security interest through the transaction. Between the borrower and an equipment lessor, this sort of agreement is used as a method of refinancing equipment after the lessee has already received and paid for the equipment, but prefers to spread the expensed capital over a payment term. Both the depreciated value of the equipment and the interest on finance payments are tax deductible to the borrower. The equipment finance agreement is an equipment loan.

Most Common "End of Lease" Options

$1.00 BUY OUT
Also known as a capital lease and finance lease, $1.00 buy out is the closest option to straight bank financing. The lessee fulfills payment requirements for the duration of the lease, and once final payment is made along with $1.00, he/she becomes owner of the equipment.

Additionally, equipment must be shown as an asset and depreciated. It is not recommended that the equipment be written off as a rental expense. This simple option requires no further obligation, but one might keep in mind the monthly payments are slightly higher than an operating lease.

FAIR MARKET VALUE
Also known as an operating lease, this option may be tax deductible under IRS guidelines and payments can be written off. The equipment can be purchased at the end of the lease for its current fair market value (an estimated 10%) or the lessee can return the equipment with no further obligations.

10% PUT or PURCHASE OPTION
Also considered a combination of the capital and operating leases, this option can be 10%, 15%, or 20%. The lessee has the option to pay a predetermined percent of the original equipment cost at the end of the lease, or walk away. By leaving a residual at the end of the lease, the monthly payments are lowered. Tax benefits can also be taken advantage of.

5 Easy Steps to the Leasing Process

Step 1
Take a few minutes to complete an application online or fax back the printed version to us

Step 2
Our Equipment Leasing Consultants will discuss your needs and work to design an equipment leasing program that meets your requirements

Step 3
Once we receive the application, we will update the bank and trade information. Our financial team will then review the application to help get the monthly payment that you desire.

Step 4
After the Initial application review We will send out the documents for the lease and a list of items that we will need from you in order to complete the lease transaction.

Step 5
Once we have the information completed, we will submit your final documents for approval

Here are some examples of equipment we help finance for leasing

    Agricultural

  • Tractors
  • Veterinary Equip.
  • Harvesting
  • Irrigation Pumps
  • Planting
  • Irrigation Pipes

    Coffee Equipment

  • Coffee Makers
  • Cappuccino
  • Espressos
  • Grinders

    Communication Equipment

  • Relay & Transfer
  • Telephone Systems
  • Paging
  • Two Way Radios
  • Voice Mail

    Computers (& Related Equipment)

  • Computers
  • Networks
  • Printers
  • CAD-CAM
  • Software
  • Point of Sale (P.O.S)
  • Scanners
  • Tape Drives
  • Digital Imaging
  • Routers
  • Electronic Test Equipment
  • Electronic Cash Registers
  • Digital Editing
  • Billing Software
  • Plotters
  • Back-Ups
  • UPS
  • Desktop Publishing

    Construction

  • Bulldozers
  • Concrete Equip
  • Welding
  • Concrete Forms
  • Trenchers
  • Pipe / Cable Laying
  • Bobcats
  • Tractors
  • Wheel Loader
  • Backhoes
  • Concrete Pumps
  • Propane Tanks
  • Scaffolding
  • Compactors
  • Crawler/Loaders
  • Sand Blasting
  • Surveying
  • Stump Grinder
  • Cranes & Shovels
  • Excavators
  • Safety Signs
  • Asphalt Equipment
  • Generators
  • Air Compressors
  • Boring Machines
  • Graders

    Fish & Seafood Processing

  • Refrigeration
  • Display Cases
  • Smokers
  • Slicers
  • Ice Machines
  • Deboners
  • Graders
  • Chillers

    Furniture (Commercial/Business Use Only)

  • Office Furniture
  • Seating
  • Filing Systems
  • School Seating
  • Conference Tables
  • Church Seating
  • Partitions / Panels

    Machine Tools

  • CNC Turning Centers
  • Milling Machines
  • Drilling / Tapping
  • Gear Cutters
  • Shears
  • Assembly Equipment
  • Bed Mills
  • Die Cutting
  • Vision Systems
  • Lathes
  • Press Brakes
  • Engravers
  • Torque Testers
  • CNC Bedmills
  • Cutting Tools
  • CNC Turning Centers
  • Grinders
  • Turning / Boring
  • Parts Vending
  • EDM Machines
  • Lasers
  • Welding
  • Stamping
  • InspectionEquipment

    Maintenance Equipment

  • Painting
  • Pressure Washers
  • Plumbing Equip.
  • Floor Care
  • Lawn Maintenance
  • Stump Grinders
  • Turf Maintenance
  • Carpet Cleaning
  • Mowers
  • Chippers
  • Polishers

    Manufacturing/Plant Equipment

  • Robotics
  • Milling
  • Welding
  • Sign Making
  • Punches
  • Drills
  • Sewing I Embroidery
  • Textile Equipment
  • Saws
  • Injection Molding
  • Lathes
  • Silk Screening

    Material Handling Equipment

  • Forklifts
  • Platform Lifts
  • Conveyor Systems

    Medical Equipment

  • Practice Automation
  • Oxygen Equipment
  • Film Processors
  • Microscopes
  • Dental Chairs
  • Optical
  • Billing Software
  • X-Ray Machine
  • Dental Tables
  • Laboratory Test Equip
  • Accounting Software
  • Physical Therapy
  • Chiropractic
  • Dental X-Ray
  • Examining Room

    Office Equipment

  • Copiers (new)
  • Scanners
  • Inserters
  • Labeling
  • Furniture
  • Fax
  • Partition I Panels
  • Trade Show Booths
  • Typewriters
  • Folders
  • Mailing Machines

    Other Equipment

  • Rooftop HVAC
  • Display Fixtures
  • Air Conditioning
  • Refrigeration
  • Safes

    Packing

  • Shrink Wrapping
  • Labeling
  • Canning
  • Bottling

    Photographic Equipment & Digital Imaging Systems

  • Cameras
  • Mini Labs
  • Silver Recovery
  • Scanners
  • Enlargers
  • Lighting
  • Processors
  • Darkroom Equipment
  • Digital Imagining

    Petroleum Services (Gasoline Retailers)

  • Dispensers Pumps
  • Canopies
  • POS Systems
  • Leak Prevention & Detection
  • Underground Storage Tanks
  • Car Wash
  • Lube Equipment

    Printing & Graphic Arts Equipment

  • Presses
  • Folders
  • Die Cutting
  • Desk Top Publishing
  • Labeling
  • Pre-press Equipment
  • Laminating
  • Collating
  • Platemakers
  • RIPs
  • Offset
  • Inserting
  • Typesetting
  • Paper Cutters
  • Thermography
  • Binding / Bindery

    Recreational Equipment

  • Bowling
  • Maintenance
  • Golf Carts
  • Golf Range Equip
  • Ski Tuning
  • Ball Picker/ Washer

    Rental Industry Equipment

  • Home Health Care
  • Heavy Equipment
  • Audio Visual
  • Medical Equipment
  • Lawn Maintenance
  • Computers
  • Catering
  • Tools

    Restaurant & Hospitality Equipment

  • Hotel / Motel Equip
  • Office Automation
  • Espresso Machines
  • Fire Suppression
  • Prep Tables
  • Restaurant Seating
  • Cappuccino Equip
  • Freezers
  • Coffee Equipment
  • Ranges
  • Dishwashers
  • Juicers
  • Mixers
  • Bakery Equipment
  • Range Hoods
  • Pizza Ovens
  • Ovens
  • Warmers
  • Grinders / Slicers
  • Granita Machines
  • Display Cases
  • Walk In Refrigerators
  • Beverage Dispensing
  • Soft Serve
  • Microwave
  • Inspection Equipment
  • Frozen Slush
  • Granita

    Software

  • 100% Software
  • Accounting
  • Web Site Design
  • Manufacturing
  • Software Consulting
  • ERP

    Surveillance, Security and CCTV

  • Fire / Smoke Alarms
  • Security Gates
  • Anti-Theft
  • Card Entry
  • Card Control
  • Closed Circuit T.V.
  • Energy Management

    Telephone & Telecommunication Systems

  • PBX Systems
  • Electronic Phone Systems
  • Switches
  • Intercom
  • Messaging

    Television, Movie & Sound Equipment

  • Cameras
  • Televisions
  • Satellite Dishes
  • Edit / Recorders
  • Video Lighting
  • Transmitting
  • Amplifiers
  • Mixing Panels
  • Character Generators
  • Receiving Equipment

    Vehicles (Commercial)

  • Cars / Automobiles
  • Pick Up Trucks
  • Hearse
  • Bucket Trucks
  • Light Trucks
  • Ambulance
  • Buses (15 Pass)
  • Passenger Vans
  • Delivery Vans
  • Limousine
  • Tow Trucks
  • Car Haulers / Carriers

    Vehicle Related Equipment

  • Car Wash
  • Engine Analyzer
  • Steam Cleaners
  • Automotive Grinders
  • Truck Scales
  • Radiator Boil Out
  • Wheel Alignment
  • Brake Lathe
  • Paint Spray Booths
  • Freon Recycling
  • Tire Balancer
  • Pipe Bending
  • Emission Testing
  • Lifts / Hoists
  • Compressors
  • Parts Washer
  • Tire Breakdown
  • Frame Straightener

    Vending

  • Candy / Cigarette
  • Vending Cans / Bottles
  • Route Vending
  • Vending Snack
  • Vending Fresh
  • Coin Counters

    Waste Management & Recycling

  • Balers
  • Compactors
  • Tire Shredders
  • Portable Toilets
  • Grinders / Chipppers
  • Separators
  • Conveyors
  • Containers 2-20 Yd.
  • Composting Systems

    Woodworking Equipment

  • Saws
  • Planers / Jointers
  • Drying Kilns
  • Dust Collection
  • Shapers
  • Milling
  • Lathes
  • Sanders
  • Routers
  • Drills Drill Presses

Don’t See What You’re Looking For? Don’t Let That Stop Us From Helping You. Contact Us And We Will Help You Finance Exactly What Your Looking For!