New Lease Accounting Rules

A new lease accounting standard was released by the U.S. Financial Accounting Standards Board (FASB) on February 25, 2016. These changes will become effective starting after December 15, 2018, for public companies and after December 15, 2019, for private companies.

What should your company be doing now?

Top 5 Tips for Lessees to Prepare for New Lease Accounting Rules Read More

Three Big Benefits of Equipment Financing and Leasing for Community Banks

The U.S. equipment finance market grew to over $900 billion in 2014 according to the Equipment Leasing and Finance Association. This asset category has typically been dominated by big banks and specialized lenders, but it doesn’t have to be. There are a lot of opportunities for community banks to enter the equipment financing market and reap rewards from their existing customers at relatively little cost. Read More

Discover the Many Benefits of Equipment Finance

Unlike requirements of most traditional lenders, you may be able to arrange 100 percent financing of equipment with no down payment. This is key if cash flow is a concern to your business. Equipment financing is a source of funding that lets you hold onto your cash, or working capital, so it can be used for other areas of your business, such as expansion, improvements, marketing or R&D.Read More