There are many advantages when you finance the purchase of your Magnesphere or HALO Pro with us, such as:
Convenience and Ease - Complete the application, and often, this is all we need for an approval. In most cases, banks will require customers to submit corporate tax returns for three consecutive years. It is a fact that up to 90% of small businesses would not qualify for a bank loan because they fail to show profits. Financing with TimePayment is quick and easy. Most customers will have an answer within seconds of applying.
Less Risk - The only collateral pledged is the equipment being financed. Most banks require the security of a major asset (personal residence, building, business etc.) when obtaining a bank loan.
Smaller Down Payment - We do not require a large down payment, while conventional bank loans may require up to 40% of loan amount.
Tax Advantages - Your payments will be tax deductible and written off as an operating lease. A bank loan does not offer this feature. Talk to your accountant for tax advice