How to Finance your Sign
Signage is vital to any organization. Don’t compromise on the size and type of sign you need because of financing. Leasing allows you to make smaller monthly payments. You can purchase the sign you need and let the increased revenue a good sign generates pay for the lease itself.
Call a product specialist today about prequalifying for a lease — and let your signs pay for themselves.
Leasing makes sense when the equipment you use generates a return greater than the cost of that equipment. This is especially true of LED signs. Typically a business will see a 15% to 50% increase in sales after adding the power of LED advertising to their location. This means your sign can pay for itself through increased monthly revenues.
Your lease can cover ALL the costs of the purchase, including the delivery and installation of your LED sign.
Just do the math. Take the lower expected 15% increase in sales after you add the LED signs. If your lease payment is less than that 15% your signs are covering that payment.
Call a product manager today at 800-848-4262 to get started.
- Leasing provides 100% financing. Most leases simply require first and last payments paid in advance and a small documentation fee. No security deposits or up-front money is required.
- Leasing is less hassle. Leases usually require less financial documentation than bank loans, meaning they require less preparation and are easier to secure. Some banks want two to three years of detailed credit history, while leases often require only six months of history or less.
- Increases purchase power. Often you can qualify for a lease with little or no down payment, which means it’s likely you can afford to spend more than you could afford to purchase outright.
- Tax-advantages. A lease agreement may allow you to receive tax benefits. These benefits and their availability are subject to an array of factors and we suggest you talk with your accountant about these benefits.
- Preserves credit lines. Credit lines with banks and other depository institutions are precious and hard to establish. Conserve those lines for inventory, A/R or other uses and emergencies.
- Financial Flexibility. Leasing does not impact your financial statements, so your borrowing potential (through traditional bank financing) is not reduced, as it would be if you borrowed to make a purchase. It will make your equity-to-debt ratio look better. Also, lease payments are usually considered “pre-tax” rather than “after-tax.”