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What is a Sale-Leaseback and What Are the Qualifications?

Guest post by: Kristin Thayer

Article Overview: This type of Small Business Financing can come in handy when you do not have time to go through the financing process because you need to buy equipment quickly. You can then free-up your cash flow by selling it to an Equipment Leasing company, getting reimbursed for the equipment.

What is a Sale-Leaseback and What Are the Qualifications?

What are the qualifications of a Sale-Leaseback? You will still need to qualify for the lease where the key points will be a credit check, your time in business and the type of equipment. You will also be asked for a copy of the invoice and proof of payment, such as a copy of the check or credit card receipt.

If you have recently purchased the equipment, let's say from a few days to a few months, you will probably get 100% of the cash back by doing an SLB.

What if I purchased the equipment a year go? If you purchased the equipment quite a while ago and now need some Working Capital, you may still qualify for an SLB but you may only get 50% to 70% of your cash back.

Why would someone want to do a Sale-Leaseback? This is a good question because you may think that if you already paid for the equipment, why turn it into a bill? An SLB may give you different tax advantages compared to paying cash so your accountant may advise you to do this. We recommend you speak with your accountant if you are unsure what to do.

Maybe you purchased a piece of equipment recently or a while ago, and now just wish you had that cash for other things for your business. This may be another reason you may want to consider doing an SLB because a Sale-Leaseback is a great form of Working Capital Financing.

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Article Tags: cash flow, equipment leasing company, saleleaseback, small business financing



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