In addition to the initial cost and obsolescence, leasing your equipment can also provide your business with a substantial tax advantage. While you should always consult with your tax advisor first, most equipment leases can be structured so that you can write off 100% of the annual lease payments. By contrast, current tax laws only allow a business to write off the interest paid on loans. However, because a lease is a rental and the business is only using the equipment, the business can usually write off all of the monthly lease payments just like any other legitimate business expense.
The last major advantage of leasing your equipment instead of buying is that leasing allows you to not show the equipment on your balance sheet. Once again, this is because the equipment is being rented and therefore actually belongs to a different company than the one that is using it. For this reason leases are often referred to as "off balance sheet" financing and this can be a tremendous advantage to many businesses both large and small.
COMMERCIAL REAL ESTATE
Our objective is to leverage our extensive depth of banking and finance experience to the benefit of high quality real estate investors and projects nationwide. We make it possible to secure funding for projects that might be overlooked or rejected by banks.
We help structure loans so that real estate investors and developers access the capital they need to build multi-family, retail, office, or industrial buildings. Flexible features including loan amounts ranging from as little as $250K to upwards of $100M.
Whether you need capital to acquire real estate (apartments, multi-family, retail, etc.), to fix and flip or to build a development we work closely with you to meet the challenges you face in getting the deal done. Our lenders love us because we do the "heavy lifting" in the way we structure and package the deal before it hits their desk. Our clients love us because we walk with them every step of the way to breakdown barriers and, in constructive ways, overcome previously insurmountable challenges.
LINE OF CREDIT / WORKING CAPITAL
A line of credit for a business is, in our opinion, one of the first things you should obtain when starting a business. Lines of credit are simple. It’s similar to a credit card, and you typically access the credit line by writing a check. The interest rate is usually much lower than a credit card. A credit line is an amount of credit that you can access as you need it in any way you need it to grow your business. For example, let’s say you obtain a $50,000 line of credit. If you need $12,000, you write a check to yourself for that amount leaving you a balance of $38,000 that you can access at a later time. When you pay it down to $8,000 you then have $42,000 at your disposal. First Capital Solutions can help you maximize your credit lines. Credit lines can really come in handy to fill in the gaps for a business. Need to make payroll and a little short? Need to pay a vendor or an unexpected repair? What about those slow times of the year? Whatever the gap might be, the credit line can be a great back up.
Running a business can be a daunting task. Many entrepreneurs have the vision and the dream but not necessarily the administrative or operations skill sets that lead to success. Additionally, many small businesses are run by families and it is really hard to say to a wife or son "You're fired" even though that is what needs to be said. Not only do we help you secure financing, but we also provide a myriad of management consulting services. If you have ever watched "The Profit" on TV you know that he focuses on three areas: people, processes, and profit. If the first two are efficient, the profit will come. We are experienced in assessing and improving both. We can:
Help you write a business plan
Help forecast projections to create a proforma needed for all lenders
Assess your staffing: skill levels, schedules, and functions
Assess your expenses and find ways to cut costs
Conduct sales and customer service training
Restructure your organization: staff, process, and procedures
Our objective is to partner with you to help you build a successful business that efficiently manages its resources, both the financial and human capital. When you are successful, we know we have done our job. You don't have to go it alone. You have the vision, we have the know-how.
We would be honored to provide a free consultation to see how we can bring strength to your dream!
While the government offers low interest rate loans for borrowers, getting through the red tape is a daunting task. The advantage in working through First Capital on SBA and USDA loans is that we not only have a system that streamlines the paperwork process, because we are former bankers, we know how to present the information in the best manner to satisfy the underwriters. We know how to word information to mitigate anything negative (such as a low credit score) while truthfully presenting the facts.
USDA offers several options for borrowers but understanding the criteria and eligibility is not always easy. We use our experience to sift through the available programs to determine the one best for your unique situation then we work to pull everything together for you. We worked with one client on a USDA Business and Industry loan that ended up being over 1,000 pages that filled 3-binders. That's not a task you want to take on by yourself! We do the heavy lifting so neither you nor the bank has to!
While almost any bank can submit a SBA or USDA loan, we work with their "preferred lenders" which shortens the time it takes to get approved by several weeks (months in the case of USDA) because the loan does not have to be submitted to Washington. While the government makes a guarantee to the bank to cover a percentage of your loan, the process still uses the bank's underwriting guidelines. Thus, while the SBA loan is the same regardless of the bank, the guidelines and metrics used vary by bank. We can connect you with the bank most likely to have the guidelines you need to get approved.
We service all industries (legal, that is). We have a portfolio of over 150 direct lenders with whom we work including private investors. Some are generalists while others specialize, e.g. high-tech, medical, energy as examples. Below is a list of the type of industries that we service:
Energy - this includes coal mining, biomass production and export, oil, etc.
Commercial Real Estate - this includes all types of real estate such as
Apartment buildings Hotels/hospitality
Housing Developments Marinas
Medical facilities/Hospitals Mixed Use Recreation facilities
Restaurants Retail Warehouses
Construction - commercial development and construction
Our network of bankers often refer their customers to us for help when their customers have financing needs that they cannot address. We also work with other professionals (accountants, CPAs, financial planners) who have clients with great business ideas but who need help becoming bankable.
Commercial Real Estate - Leasing - Working Capital - SBA/USDA
Government Loans - Consulting
Disclaimer: The information on this site is intended solely for the benefit of firms and individuals seeking to be connected with various funding and monetization sources. The material on this site lists possible service features and / or sample institutions for informational purposes only, are not guaranteed and subject to change, and does not constitute an offer or solicitation to purchase any investment solutions or a recommendation to buy or sell a securities nor is it to be construed as investment advice. The services featured on this document may not be available in all jurisdictions or to all persons/entities. By accessing this site users acknowledge that First Capital Solutions, LLC is solely a consultancy group that works intimately with clients to assist them to implement a range of appropriate solutions directly with professional service providers.
Our role is to connect people, assist in the removal of deal barriers and pair the right service provider with the right client so customers can achieve a likely successful conclusion. We are NOT a Broker, Finance Company, Financial Advisor or Licensed in any way. The contemplated transaction(s) of our Clients are strictly private and in no way relates to the United States securities act of 1933 (THE”ACT”) or related regulations and does not involve the sale of registered securities. These transaction(s) are therefore private and exempt from the act. Please be aware that any disclosure, photo copying, distribution or use of the contents of website is prohibited.