8
1
1
4
7877
THE INC. 500 ALLIANCE CAPITAL: Ranked as 43rd fastest growing company in the U.S.A. Inc 500 AMERICA'S FASTEST-GROWING PRIVATE COMPANIES
"Specializing in Equipment Financing" * QUALITY SERVICE WITH INTEGRITY SINCE 1995 *
Arizona * California * Minnesota * New York (760) 269-3450 ext. 217 * (760) 603-8642 fax
Steve Overlock, VP Business Relations [email protected]
www.AllianceCap.com
Capture the market with Working Capital 25
100% Equipment Financing (includes delivery, tax, training, installation, etc)
PLUS
WORKING CAPITAL up to 25% of tangible equipment cost. Program Details To be used exclusively for business purposes and is
available when financing equipment. Equipment and Working Capital are written as one
contract. Up to 72 month terms available Standard credit criteria applies
Approvals valid for 90 days
What is Working Capital 25? A simple, single finance event which offers working capital along with your equipment
financing program. Available for all equipment types including trucks, yellow iron,
computer, manufacturing, medical, etc.
EXAMPLE Acceptable Example: $20,000 equipment, $5,000 working capital, $3,000 installation. Unacceptable Example: $20,000 equipment, $8,000 working capital is not acceptable since the working capital portion exceeds 25%. Remove the competition by offering one-stop convenience to finance hard and soft costs while also allowing customers to access working capital.
Business Development Resources
LEASEBACK
.............
Created 07/2008
“LEASE-BACK” PROGRAM
App Only to $150,000
Cash is tight in today’s economy. While banks have tightened their credit policy’s over the past 12 months, A.C.C.'s lenient underwriting criteria has not changed! If you have a customer who has obtained any type of capital equipment including trucks, computer software, telephone, machinery, office equipment, etc.……A LEASEBACK IS AN EASY WAY TO OBTAIN CASH. Customers can use this cash for any reason, including EQUIPMENT PURCHASES!
PROVIDE CASH TO YOUR CUSTOMERS!
HOW DOES IT WORK?
1. Customer simply submits the ORIGINAL INVOICE and PROOF OF PAYMENT for any equipment, software, or truck(s) purchased in thmonths.
2. Alliance Capital runs a lien search to verify the equipment is owned free and clear. 3. Customer signs a LEASE AGREEMENT for 24, 36,48 or 60 months. 4. Alliance Capital funds the customer “back” for the original purchase price of the equipment.
STEVE OVERLOCK [email protected]
V.P. Business Development Phone: 760-269-3450 x 217 Fax: 480-452-1102
A.C.C. Regional Offices Minneapolis * New York * Charlotte * Phoenix * San Diego
2
REQUIRED CREDIT INFORMATION
"NO DOC LEASE/LOAN"
Equipment Cost ($10,000 - $150,000)
Credit Application: Completed
"COMMERCIAL LEASE/LOAN" Equipment Cost ($150,001 - $5,000,000)
Credit Application: Completed
Tax Returns: 2 most recent business tax returns 2 most recent personal tax returns each stockholder 20% or more
Financial Statements: Last 2 years for business (Profit and loss, Balance sheet) Most current Interim Statement for business Personal Financial Statement for Owner (see attached)
For further information or questions, please contact Steve Overlock @ 760.269.3450 x 217
1902 Wright Place * Suite 200 * Carlsbad, CA 92008 * (760) 269-3450 * Fax (760) 603-8642
Minnesota * California * Illinois * Arizona
* Providing Quality Service with Integrity Since 1995 *
3
CREDIT PROFILE
CONTACT INFORMATIONStephen Overlock
Tel: 760-269-3450 x [email protected]
Name of Business:
Phone: Fax: Contact: Title:
Address: City: State Zip:
Nature of Business: Circle Entity Type: Corporation, Partnership,SoleProp
Time in Business: Website: www. Equipment Information: Vendor: Phone: Fax:
Contact: Equipment: Cost: $ Ownership Information: Name % Owner Title Social Sec. # Home Address
%
%
Business Bank References: Name of Bank Average Balance Account # Phone # Contact
$
$ Loan/Lease References: Name of Lender Original Amount Account # Phone # Contact
$
$
Fax to # 480-452-1102 or email to [email protected]
Minnesota * California * Illinois * Arizona
Authorized: [X] YES By: Date:
By checking the box below, the individual(s) named below, who is either a principal of the credit applicant or a personal guarantor of its obligations, provides authorization to Alliance or its designee (and any assignee thereof) authorizing review of his/her personal credit profile from a national credit bureau. Such authorization shall extend to obtaining a credit profile in considering this application and subsequently, for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account. A photostat or facsimile copy of this authorization shall be valid as the original. By signature below, I/we affirm my/our identity as the respective individual(s) identified in the related application and warrant that all credit and financial information submitted herewith or any time is true and correct and authorize verification of information provided.
Want to lower the true cost of ownership on your business equipment? Here’s how:
Business Equipment Business owners who acquire equipment including machinery, computers, and other tangible goods, usually prefer a substantial deduction in a single tax year, rather than a little at a time over a number of years. This accelerated deduction is known by its section in the tax code: a Section 179 deduction. The 2008 law increases the amount of qualified property that a business can expense under Section 179 to $250,000.This incentive is for equipment placed in service between December 31, 2007 and January 1, 2009 and is designed for small companies, so the deduction phases out when a business purchases more than $800,000 in one year. (Companies cannot write off more than their taxable income).
Bonus Depreciation 2008 The law passed in 2008 also created a bonus depreciation of 50% for qualifying assets. This bonus is in addition to regular first-year depreciation.
Benefits of a Non-Tax/Capital Lease The benefit of a Non-Tax/Capital Lease is that it can take advantage of Section 179: expense up to $250,000 if the equipment is put in use in 2008. In addition, you may depreciate any excess on the depreciation schedule for that asset. Examples of Non-Tax/Capital Leases include a $1.00 Buyout, an Equipment Finance Agreement (EFA), and a 10% Purchase Upon Termination (PUT) Lease. Example Calculation: Assume you finance $300,000 worth of business equipment, put it in use in 2008, and take advantage of Section 179. Your tax savings could be significant:
2008 IRS 179 Alliance Capital Corporation
www.alliancecap.com Questions? Call Steve Overlock @ 480.443.0002 x 217
Equipment Cost Example: $300,000 1st Year Write Off: $ 250,000 ($250,000 is the maximum Section 179 write-off in 2008) 50% Bonus Depreciation $ 25,000 (On remaining value: $300,000 - $250,000 = $50,000; $50,000 x 50% = $25,000) Normal 1st Year Depreciation: $ 5,000 (Depreciation calculated at 5 years = 20%; $25,000 x 20% = $5,000) Total 1st Year Deduction: $ 280,000 ($250,000 + $25,000 + $5,000 = $280,000) Tax Savings Assuming Rate of 35%: $ 98,000 ($280,000 x .35 = $98,000) 1st Year Net Cost after Tax Savings: $ 202,000 ($300,000 - $98,000 = $202,000)
The sample calculation shows how taking advantage of Section 179 can significantly lower the true cost of equipment ownership
from $300,000 to $202,000. For the specific impact to your company,
please contact your tax advisor.
Note: For complete details, or changes to
the tax incentives, please visit www.irs.gov or contact the IRS
helpline at: 800-829-4933
Non-Tax/Capital Lease – Continued Tax Code Section 179 & Election to Expense Detail The election, which is made on Form 4562, is for the tax year the property was placed in service or an amended return filed within the time prescribed by law. The total cost of property that may be expensed for any tax year cannot exceed the total amount of taxable income during the tax year. Section 179 property is property that you acquire by purchase for use in the active conduct of your business. To ensure property qualifies, reference Publication 946. This expense deduction is provided for taxpayers (other than estates, trusts or certain non-corporate lessors) who elect to treat the cost of qualifying property as an expense rather than a capital expenditure. Under Section 179, equipment purchases, up to the amount approved for a given year, can be expensed (deducted from taxable income) if installed by December 31st. Non-Tax leases qualify for this deduction in their year of inception. Any excess above the expensed amount can be depreciated depending on the equipment type. Not all states follow federal law. Contact your tax advisor for further detail or visit www.irs.gov for specific detail.
Tax/True Lease Benefits If a lease is a Tax Lease/True Lease, the lessor retains ownership and you, as the lessee, may be allowed to claim the entire amount of the monthly investment as a tax deduction. Many rental contracts qualify as a true lease including a 10% Option and a Fair Market Value Lease. Example Calculation: Assume that you have a Tax/True Lease with a $1,000 monthly payment, the below tax savings that may be available:
Contact Information:
Steve Overlock V.P. Business Operations Direct Tel: 888-252-1420 Tel: 760.239.3450 x 217
Example:
Monthly investment = $ 1,000 Finance Term = 36 months
Tax bracket = 35% Monthly tax savings = $1,000 x .35 = $350.00
Total tax savings over the term of the contract = $12,600.00 * Consult your tax advisor ! We can not offer tax/accounting advice !
