FINANCING

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Save your cash and finance your furniture & equipment purchase!

We provide a convenient finance program for our valued commercial customers. Our financing program allows you to get the equipment you need through a low monthly payment instead of paying upfront with a cash purchase. Our financing program with Marlin Capital Solutions is simple. Click the “Apply Now” button and complete the one page finance application. Once you submit your application, our financing expert will give you a call to review details and provide documentation to sign. It’s that easy!

Why Finance?

Tax Benefits

The deduction limit for Section 179 is $1,000,000.

• This means that if you buy (or finance) a piece of equipment, you can deduct the Full Purchase Price (up to $1,000,000) from your gross income.

 

The 2020 Section 179 deduction threshold for total amount of equipment that can be purchased is $2,500,000.

• This means that you can purchase more equipment and still have the benefit of the Section 179 deduction.

 

BONUS DEPRECIATION 

100% for 2020 New and Used Equipment Allowed

• Under Modified Accelerated Cost Recovery System (MACRS) Bonus Depreciation has increased first-year depreciation deduction to 100% (vs. 50%) of the adjusted gross basis of qualified property.

• This goes into effect for assets placed in service after September 27, 2017 and before January 1, 2023.

• Another significant change under the new tax law, is you can use bonus depreciation for purchases of new or used property. Under prior law, you could only use bonus depreciation for new property. T

Conserve Working Capital

  • Keep your cash on hand

  • Grow your business without a large cash outlay

  • Little to no upfront money

Quick Response

  • No financials up to $200,000

  • Easier and quicker than a traditional bank loan

  • Same-day credit approval

Questions?  Contact our financing expert.

Natalie Stone

Click Here to email Natalie

Phone: 856.380.8145

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Washington, DC

New York, NY

Los Angeles, CA

703.828.9495

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©2020 Smith Contract, LLC