| Medical equipment leasing is an excellent way for | | | | write offs (depending on how the lease is structured), |
| providers to allow their practices to acquire state of | | | | improved cash flow, fast processing, and better asset |
| the art equipment. The medical profession is constantly | | | | management. You usually get an option to buy the |
| changing, so in order to remain competitive, providers | | | | equipment at the end of the lease term at a stated |
| must continually upgrade their equipment packages. | | | | amount or fair market value. Leases can also be |
| Unfortunately, to outright buy or get a standard loan on | | | | written to accept lower payments during low volume |
| the equipment requires a huge outlay of cash. Leasing | | | | cycles and can also provide an option for the lessee |
| solves the problem because no down payment is | | | | to make lower payments during the initial years and |
| required, thereby allowing the provider to retain | | | | accelerate payments in the latter years. |
| thousands (or hundreds of thousands) of dollars of | | | | Most any piece of medical equipment can be leased, |
| capital. Lease periods typically range from 24 to 60 | | | | such as x-ray machines, CAT scan machines, physical |
| months, so there is a great deal of flexibility to upgrade | | | | therapy equipment, computers, examination tables, lab |
| the equipment without a major capital investment. | | | | equipment, and even waiting room furniture. Because |
| There are many advantages to leasing medical | | | | of the many advantages of medical equipment leasing, |
| equipment. There are no down payments, the | | | | providers are able to give the highest quality care to |
| application is relatively simple, and no restrictive | | | | the public. |
| borrowing covenants. In addition, leasing doesn't involve | | | | We advise using a financial broker to assist in the |
| cross collateralization. Leases provide 100% financing | | | | leasing process. A broker works to put the package |
| with low rates for those with good credit. Other | | | | together for the leasing company and helps the client |
| advantages include tax deductions and immediate | | | | sort through the myriad of options available. |