MAINTAIN CAPITAL

Staying up with technology is important. It can also be expensive. Leasing business equipment and office equipment allows for the payments to be smaller than with a purchase. This keeps capital available for the day in and day out operating costs. A lease will not show up as long-term debt on a credit report. This can be an advantage financially when you do need a loan for your business.

FAST MOVING

A loan can be time consuming. It starts with filling out the paperwork and providing all the documentation that is needed. From there a business has to wait for approval, which is rarely swift. During the wait there could be excessive down time when the loan is for an essential piece of equipment. Efficiency is affected by the lack of up-to-date equipment. The leasing process can be done in days.

FLEXIBILITY

Business needs change and leasing equipment allows room for those changes, unlike a purchase of equipment. The need for a specific piece of equipment may be temporary, so leasing makes sense. Technology may quickly change in an industry and a leased piece of equipment can be returned and replaced with a more up-to-date model. In addition, a lease contract terms can be negotiated, while this is rarely the case when there is a loan for a purchase.

When you have considered the advantages of leasing and are ready to lease, contact JG Wealth to find out more about the company and to get a quote on equipment that you need to least.

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• Cultural diversity
• Bicycles and scooters
• Dogs
• Lava lamps
• Massage chairs
• Foosball
• Pool tables
• Video games
• Pianos
• Ping pong tables
• Variety of cafes
• Huddle rooms

The average company cannot provide the perks that Google does, no matter how much it contributes to productivity. Something that most companies can do is encourage employees to exercise. Google has workout rooms because they know that there are several advantages to encouraging employees to exercise.

ADVANTAGES OF EMPLOYEES WHO EXERCISE

One of the main ones is that there are reduced call outs from employees who are fit and healthy. Employees who exercise are at lower risk from injury because they are in better shape and when participating in activities have less strained and pulled muscles. Exercise helps resistance to illness. In addition to the employee who exercises being healthy, so are the employees that work with him or her because they are exposed to fewer illness.

Reduced stress is another reason employees should exercise. When a person exercises, hormones are released and it contributes to a feeling of well-being. When stress is managed successfully, the employee will also be healthier.

Weight loss is common among employees who exercise. Employees at or close to their ideal weight call out less, have less on the job injuries, and don’t need weight or size related special accommodations.

FITNESS EQUIPMENT ON SITE

One of the ways to encourage employees to exercise is to have fitness equipment on site. Though some companies may not have an actual workout room, they often can find a corner in the building and put up some dividers and set up some exercise equipment. Employees can use it during breaks and lunch. There can also be time included in the day to use the fitness equipment.

Since space and use needs may vary, leasing exercise equipment is a good idea for an office that wants to encourage employees to be more fit and relaxed. JG Wealth is an equipment leasing and rental company. They are based in the Florida area, but they do business throughout the United States. Contact them today to get a quote on exercise equipment or any other equipment you need for your office or business.

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LENGTH OF TIME IN BUSINESS

A new company may be legitimate and eager to please, but the longer a company is in business, the more experience they have. They must be doing something right to still be in business. If a company claims to be in business for a length of time, research to see if that they have been really in business for as long as they claim.

WHAT THEY WILL PUT IN WRITING

No matter how great the promises, if it is not in writing, then the company isn’t serious about what they promise. Even those who may walk the line, understand that if it is in writing, they will be legally responsible to fulfill the promises that they have put in writing. Think of everything that could go wrong and what could go right and make sure that it is covered in the leasing contract.

PHYSICAL ADDRESS AND CONTACT INFORMATION

A virtual business may be legitimate, but the staff should be easy to reach and knowledgeable. There should be a physical address even if the company does business throughout the United States or even worldwide.

TOO GOOD TO BE TRUE

If you were signing a lease with a company that doesn’t ask you to apply or check any of your credentials, that just isn’t good business and they wouldn’t be in business if they actually were doing business like that. A legitimate company will have legitimate requirements before leasing expensive equipment, otherwise they would be the ones being ripped off and would be out of business. There is a reason that people say…if it sounds to good to be true, it is.

JG Wealth’s team has been a leader in the leasing business for over 40 years. With JG Wealth, you identify the equipment that you need, find the best CASH price available, and then contact JG Wealth. Fill out an application today and get started so you can have the equipment that your business needs to function efficiently.

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TAX BENEFITS

An accountant can give all the details about the tax benefits of leasing and you will discover there are more advantages to leasing equipment than buying equipment. The tax benefits occur because a lease payment is usually considered a rental expense so it is completely deductible, which will impact the total tax amount you’re required to pay. In addition, since the payments are fixed, leasing provides protection from inflation.

PROTECTION IN THE CASE OF LITIGATION

Sadly, we live in a “sue happy” society that has only been fueled by the increase in unemployment. The more you own, the more people can get if they sue you and win. Even if you know they don’t have a case, you will need to defend yourself. If you have few business assets because most of what you have is leased, there really isn’t much to gain from suing you, so it probably won’t be worth their trouble to try.

CAPITAL AVAILABILITY

When money is used to buy equipment or put a down payment on a loan for equipment, it reduces a business’ capital. That capital could often be better used to pay for other business expenses, especially if there is a slow week or two. With a lease, the payments are often lower than with a loan.

INCREASE EFFICIENCY

A company can often increase business and income when they are using newer, efficient equipment instead of outdated energy consuming equipment. Being able to produce more at a lower cost often helps the equipment cover the lease payment and more, in no time. Having up-to-date equipment attracts new customers and helps retain current customers.

QUALIFYING REQUIREMENTS

The requirements for qualifying for a loan is can be strict. A loan may not be an option for a new business or a business that has had some financial setbacks in the past. Often qualifying to lease equipment is easier, especially if you choose to go with an independent leasing company.

UPGRADING EASE

When leasing equipment, you can include a clause that allows for upgrades without breaking the lease on the equipment that you have. It is easier to upgrade when leasing because you can have the latest and most efficient equipment without having to sell the old equipment that you own and get financing for the new equipment.

JG Wealth’s team has over 35 years of experience leasing equipment to businesses so that they can realize the financial benefits of leasing. For equipment leasing in Florida, you can contact them to find out more about leasing equipment from them.

• Furniture
• Equipment
• Software
• Machinery
• Electronics

There are also different types of businesses that will need the above types of equipment. A restaurant is going to need different electronic equipment than a call center. So when you are calling around to various leasing companies, you will need to be precise when asking about the type of equipment that you want to lease. Give them as much information as possible.

When getting a quote on specific equipment, find out what the monthly fee includes. I may or may not include the following:

• Taxes
• Delivery
• Insurance
• Set up
• Maintenance
• Servicing

Not all companies lease new equipment. Find out the details of the equipment that you will be renting. A like new computer from 2008 is going to be very different than a like new computer from 2010. A like new saw table from 2009 might not be a lot different than a like new saw table from 2010. Whatever you are promised, make sure it is in writing in the contract. Don’t allow substitutions for equipment that you are promised. Some companies will substitute a very different piece of equipment and you will be obligated to accept it and pay the agreed upon monthly payment.

JG Wealth, leases equipment in Florida will lease all different types of equipment from office equipment to farm equipment. Contact them today for more information and to find out more about the advantages of leasing equipment from them.

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There is some equipment that will be automatically exempt from the state of Washington Office of Financial Management (OFM) before purchase. The following qualify for the automatic exemption:

• A single piece of equipment under $5,000
• Any equipment needed for an emergency or other catastrophic event that requires government action to protect life or public safety
• Equipment that is funded solely from private or federal grants
• Equipment used for tax and fee collection, revenue generation, or auditing activities
• Required equipment that is necessary to receive or maintain federal funds from the state
• Equipment that is used for institutions of higher education, not funded from state funds or from tuition
• Required equipment necessary for the completion of a project found in the omnibus capital or transportation appropriation acts
• Equipment needed for the operational divisions of the department of information services
• Equipment that is related to the continuation, renewal, or establishment of maintenance for existing computer software licensing, and existing computer hardware
• Equipment used for judicial information system technology projects
• Equipment needed for agricultural commodity commissions and board
• Equipment for agricultural inspection programs operated by the department of agriculture

Leased equipment is considered a purchase; so leases that were entered into after March 17, 2010 are affected by the equipment freeze. For a lease that can be terminated at-will, the amount of the lease payment determines whether the $5,000 threshold has been met.

For equipment leasing in Florida, contact JG Wealth today, they can meet your equipment leasing needs. There are many advantages to leasing, which is why state governments often choose to lease their equipment.

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THE EQUIPMENT NEEDED

Before you can get information on leasing, you’ll need to know exactly what equipment that you need to lease. This way the leasing information will be accurate and you’ll be able to meet your leasing needs.

PROMPT DELIVERY

You will want your equipment to be there before you open. Waiting for approval on a loan can slow down an opening. You will still need to plan ahead, but with leased equipment; you will be able to get approval and delivery promptly. Doing business with an independent leasing company the approval process is done in house so it speeds up the process.

NEGOTIATE THE PAYMENTS

Most leasing companies can offer flexible payments. Know what you can do and then see what will work best. One option may include low payments at the beginning of the lease to give yourself a chance to generate some income. Payments may also be set up quarterly.

PAPERWORK

Like any transaction like this, there is paperwork. Each leasing company will be a little different in the documentation that they require. Common documentation will include lease equipment proposal, financial statements, credit problem explanation, and tax returns.

CREDIT CHECK

Your credit will be checked, but the requirements will be easier to meet than with a loan and an independent leasing company may be more flexible with their qualifications than the larger leasing companies.

LEASE APPLICATIONS

Filling out too many applications can backfire if a leasing company sees a long list of rejections. When you are a new company with no credit history or an established company with some credit dings, make sure the leasing company knows about it. If they tell you they normally don’t approve applications from someone with your credit history (or lack of history) but you can “try”. Don’t fill out the application. Find a leasing company that will give you a chance.

In Florida, contact JG Wealth for more information on leasing equipment. Their team have over 35 years experience and can meet your start up equipment needs.

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Even when equipment can be afforded, it might not be wise to tie up funds, especially if trying to build or raise a credit score. In addition, if the equipment will be needed for a short time, it will also help credit to have the payments be a temporary obligation. Negotiate with the lease company to get the best contract you can with the best payments and the best terms.

Some of the types of equipment that businesses may need to lease if their credit scores don’t allow them to purchase the equipment:

• Auto body and auto shop equipment
• Business and office computers
• Construction equipment
• Dental equipment
• Dry cleaning equipment
• Farm equipment
• Medical equipment
• Metal working equipment
• Telecom equipment
• Woodworking equipment

When it comes to businesses loans and even leasing, the criteria can be very strict. Things like late payments, slow payments, outstanding loans, and credit cards at their limit can all count against a business. Decreasing income or decreasing business can also affect if a loan or lease will be approved. To be able to maintain business or increase business, more equipment is needed.

Leasing payments may be lower than a loan. This will free up money to pay down debt and expand the business to bring in the income needed to repair credit. With independent rental and leasing companies, they will be less strict with the criteria needed to qualify to lease business equipment.

When rebuilding credit it will be important to pay down debt with money that is freed up from leasing instead of buying equipment. When choosing a leasing company, see if the on time payments will show up on your credit report. Make on time payments.

To lease almost any type of equipment or software that your company may need, go to JG Wealth a Florida based equipment leasing company. Contact JG Wealth to get a quote and fill out an online application.

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BUYING LEASED EQUIPMENT

At the end of the lease, some companies may offer the equipment for sale at a greatly reduced rate. Some equipment you will just want to walk away from, no matter how great the deal is. Electronic equipment is one type of equipment that you will want to walk away from due to how fast the equipment can become outdated. An outdated computer won’t be of much use, not matter how great the price. Other types of equipment may be worth the cost to buy because it can be used as a backup in case equipment breaks down or business spikes. You may even decide it will be worth owning it to use on a regular basis. When deciding if equipment that was leased will be purchased you will need to determine if it will be economical to store in between use if you are buying it for backup or secondary use.

BUYING NEW EQUIPMENT

You may want to re-evaluate your equipment needs. You may decide buying replacement equipment may be more practical and choose to lease different equipment that you will find to be more useful to the company. Always go over the pros and cons of a decision like this with your accountant so that you are familiar with the long-term affects on your finances.

CHANGING LEASING COMPANIES

When a lease is over, you may find that the leasing company you had previously used wasn’t a good match. In that case you will want to look for a new leasing company. Hopefully if you have decided that this is the best route, you found one before your lease expired so that there will be no gaps in having the equipment that you need. If you were not able to plan ahead, see if you can lease month-to-month temporarily. It will most likely be more expensive than a long-term lease, but it will be better than continuing to lease with a company that no longer can meet the leasing needs of your business.

When looking for a new leasing company in Florida, contact JG Wealth to find out more about their leasing company and the advantages of leasing your equipment from them. They are an independent equipment leasing company that will treat you like an individual and give you personalized service.

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READ LEASING CONTRACT

You will want to know exactly what you will be responsible for in the case something happens to the equipment. Once you know what the leasing company is expecting you to pay in the case of loss or damage, you can contact you insurance company and make sure that you have adequate insurance. The leasing company will be able to provide you with any paperwork that your insurance company may require.

ADDITIONAL INSURANCE

When you have additional equipment you will need additional insurance. This will be true of owned equipment or leased equipment. There is not only the risk of damage, theft, or loss; there is also the possibility that an employee may become injured while operating equipment. When an employee is operating the equipment they may cause damage at the site or even possibly injure someone at the site. These things should all be considered and you can discuss them with your insurance agent. Be sure your agent has all details regarding the use of the equipment so that you can be assured that you will have coverage on and off your site if you use any of the equipment off site.

Some equipment leasing agencies may even be able to provide additional insurance at an affordable rate.

SECURED STORAGE

Maybe when you had a cheap, outdated computer, you didn’t worry much about securing it when you left at night, but with your new computer network system and new multifunctional professional printer that you are leasing, you may need to re-consider your security. Indoor equipment should be able to be kept locked when not in use or when there are no employees at the site. Outdoor storage will also need to be secured. It may even be worth leasing a security system so that your equipment will be safe.

EQUIPMENT USE TRAINING

In addition to the equipment being secure, you want to make sure that the employees are trained on using the equipment. Include any safety training that is necessary, also. Proper training on the use of the equipment will not only reduce the risk of injury to the employee, it will also reduce the risk of damage to the equipment from improper use.

When you are ready to lease in Florida, go to JG Wealth and fill out an application form.