FINANCING
For many individuals, purchasing a concession trailer is a significant outlay of cash, and many do not have the entire sum readily available.
VIA partners with Mayo & Associates, a full service lease placement company. They have at their fingertips lenders that offer specifically tailored financing options to provide funding for your new business.
Why a lease placement company, and not a bank?
Bank financing will often attach restrictive covenants to a loan, affecting receivables and other company assets. In contrast, Mayo & Associates will look primarily at the type of equipment, the vision for your business, as well as your track record.
What are the benefits of leasing?
- Leasing preserves working capital and established credit lines by providing non-restrictive borrowing.
- Lease payments are considered a fully deductible business expense, accelerating the write-off versus capital cost-allowance. Most accountants endorse leasing over purchasing.
- Tailoring the lease term to that which best suits your business, as opposed to terms that only considers requirements of your bank. Whether you are motivated by payment, growth projections, or a contract term, Mayo & Associates can offer the term to best suit your needs.