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For more info check this out: Axis Capital Group Review Startups and new businesses may already realize the many benefits of leasing their equipment, including conserving their cash and significant tax benefits. Before signing any contract, renting or buying any equipment for your business, you should consider the following tips to make sure you don't make any costly mistakes. * Understand your business credit and organize your financial information before contacting an equipment lease financing provider. * Don't assume your bank or the equipment manufacturer's captive finance company will offer the best terms. The majority of equipment leases are done by equipment lease providers. Always compare rates, lease terms, fees and options. * Once you have your top pick, make a diligent search on them. Go online and search them on. A legitimate business should be able to put all their services comprehensively online with related articles and contents to support their legitimacy. You can immediately pinpoint a scam when they have unclear and incomplete contents or no websites at all. Review their testimonials. You might find good or bad things about them. * Don't pay upfront "application" fees to an equipment financing provider. * Be prepared to explain in advance any negative business results to a lease financing provider. You shouldn't hide any losses in front of them. * Cities like Jakarta, Indonesia, Singapore and Tokyo, Japan has laws almost the same with the US in lending. Check if you can get any bonuses or discounts. * Understand the difference between a Fair Market Value Lease and a $1 Purchase Option Lease. A Fair Market Value (FMV) Lease is one of the most common leases that businesses select because it offers the lowest monthly payments, provides the greatest flexibility at the end of the lease, and may also provide tax incentives. A FMV lease is often us

In all businesses, there are so many things that need to be cleared up. Equipment lending is no different. Axis Capital Group Inc Business Funding , a direct lender providing quality equipment leasing/financing services from its main office in Nebraska to almost all states in America, is yet to unfold some of the facts behind myths in this industry. 1. Contrary to what banks tell you, you do not have to put your money down to buy a commercial vehicle. Banks do need down payments when they finance homes and buildings so they can just carry that policy over to commercial vehicles but with legitimate vehicle financing companies, $0 down payment is needed. 2. You don't need to offer collateral when you loan. Most banks make it easy for themselves so they get some insurance from you. If you don't have big cash for the down payment, a banker will often ask for additional collateral like land title, pledging of your account receivables, buildings or even homes. In the equipment financing companies, this is not a good policy. The equipment you are purchasing should be the collateral to support your loan. Some agents would also scam you into putting all you've got for the loan. Don't get fooled into over-collateralizing your loans, just the equipment you are buying is enough collateral- nothing more. 3. Rules differ depending on the place you are at. The government's policy may affect terms with both banks and equipment lending companies. In most cities though, like Jakarta, Indonesia and Singapore as well as in Tokyo, Japan, some companies insist that you cannot get a 100% financing including tax, title and license (TTL). Equipment lending should be able to make a partnership with you, not take advantage of you. Equipment lending isn't 100 percent about avoiding risk; it's about helping your business get the financing terms you need. So the next time your bankers tells you they can't fi

With so many business start-ups nowadays, the need for equipment leasing is also increasing. However, with too many of us in the industry, Axis Capital Group Inc. with a group of direct lenders of quality equipment based in Grand Island, Nebraska gets a lot of confused questions and dilemma from business owners. To save us all of our precious time, here are some questions that you can prepare when you are planning to lease equipment. 1. How and Where Will We Be Using the Equipment? As a given, it may be impossible to lease an equipment in Nebraska when you are in Jakarta, Indonesia. However, some companies may permit shipping of equipment provided that rules and terms be followed. Review and determine how your company will use the equipment and the length of time it will be needed. This will help determine the appropriate level of investment for a lease. To help decide if leasing is a profitable financing option, perform a simple cost/benefit analysis that compares the periodic leasing payment to the revenue you expect to generate from using the equipment. 2. How Well Does the Equipment Finance Company Representative Understand My Business? Generally speaking, it is beneficial to work with someone who understands your particular market, regardless of the service you are seeking. This is even more crucial with regard to leasing. The equipment finance company's understanding of market fluctuations and other factors that impact your business can greatly affect the successful outcome and desirability of a lease contract. You may also want to get a good representative who can answer your needs. If not, then you are probably dealing with a scammer. 3. What are the Total Lease Payments and Costs? Asking this question will eliminate any future misunderstandings about the number of payments, the total monthly payment due, and any additional costs related to insurance, taxes, and other charges. In addition, ask if there are addi

Startups and new businesses may already realize the many benefits of leasing their equipment, including conserving their cash and significant tax benefits. Before signing any contract, renting or buying any equipment for your business, you should consider the following tips to make sure you don't make any costly mistakes. * Understand your business credit and organize your financial information before contacting an equipment lease financing provider. * Don't assume your bank or the equipment manufacturer's captive finance company will offer the best terms. The majority of equipment leases are done by equipment lease providers. Always compare rates, lease terms, fees and options. * Once you have your top pick, make a diligent search on them. Go online and search them on. A legitimate business should be able to put all their services comprehensively online with related articles and contents to support their legitimacy. You can immediately pinpoint a scam when they have unclear and incomplete contents or no websites at all. Review their testimonials. You might find good or bad things about them. * Don't pay upfront "application" fees to an equipment financing provider. * Be prepared to explain in advance any negative business results to a lease financing provider. You shouldn't hide any losses in front of them. * Cities like Jakarta, Indonesia, Singapore and Tokyo, Japan has laws almost the same with the US in lending. Check if you can get any bonuses or discounts. * Understand the difference between a Fair Market Value Lease and a $1 Purchase Option Lease. A Fair Market Value (FMV) Lease is one of the most common leases that businesses select because it offers the lowest monthly payments, provides the greatest flexibility at the end of the lease, and may also provide tax incentives. A FMV lease is often used for acquiring technology equipment. On the other hand, a $1 Purchase Option Lease gives businesses t

Businesses that make or produce products depend on selling their inventories at a return, that is, at a rate that tops the price of purchase. Warning, occasionally, matters don't decipher as intended and you must write off inventory that is dented, damaged or outdated. The boundary to which you reveal damages from inventory write-offs count on the degree of the harm matched to net profits for the time. Direct Write-Offs. Using the direct way, you write off outdated or if not damaged inventory once you become informed of the harm to avoid complaints. If the shortfall is not considerable, your debit cost of merchandises be bought and credit inventory for the forfeiture total. On the other hand, in the condition that the loss is substantial, you must generate a payment account for example, loss on obsolete inventory, which you take account of the profits declaration. Debit this disbursement account as a substitute of COGS. The drawback with the direct method is that you may possibly document the write-off once the time in which the loss in fact happens, which disrupts the corresponding ethics of accrual accounting. This problem is very common in businesses in Jakarta Indonesia and in other SE Asian countries. Inventory Reserves. To perceive the corresponding standard, you make inventory reserve accounts and quote your inventory losses straight. The contra-assets accounts, Inventory reserves are with credit balances that decrease the net worth of inventory. Here is an example from Axis Capital, Inc. a group of companies based in Grand Island, Nebraska, if you quote that you must write off $20,000 of inventory in the time for the reason that of outmodedness, acclaim the reserve account and debit whichever COGS or an inventory expenditure credit for $20,000. In this manner, you identify the loss in the up-to-date stage. When you essentially should write off inventory, charge the reserve account and credit inventory for the damage amount. Drop of