EQUIPMENT Financing

Why Finance with LRI Finance, Inc?

LRI offer financing for a broad range of equipment (new & used) for manufacturing, IT hardware/software, construction, medical, energy, and much more. Equipment financing with LRI allows businesses to pay for equipment, such as a forklift, a restaurant fryer or an office remodeling project, a little at a time for relatively low rates; in exchange, the equipment is used as collateral. Equipment financing is ideal for borrowers who need hard assets quickly, but can’t afford to purchase them outright.

We invite you to learn about the tax benefits of Section 179 of the IRS code as well as the various types of financing options we offer at LRI Finance, Inc. here.

Types of Financing Available

$1.00 Buyout Financing – Our $1 Purchase Option allows you to purchase the equipment at the end of the term for the nominal charge of $1.

10% Purchase Option Financing – Allows you to purchase the equipment at the end of the term for 10% of the original cost of the equipment, extend the term, or return the equipment to the lessor.

Fair Market Value or “FMV” Financing – Provides the lowest monthly payment. When the term is completed, you can purchase the equipment for the fair market value, return the equipment to the lessor, or extend the term. The purchase option is based on the Fair Market Value of the equipment at the end of the term.

Operating Financing Options – If equipment purchases are needed to be financed using “off-balance sheet” criteria, we can structure the transaction in order to conform to Financial Accounting Standards Board and Internal Revenue Service criteria.

Contact us to discuss financing types as they relate to your specific financial needs or Apply Online today!