Equipment Leasing Up To $500,000
Simple application. Simple process.
Equipment leasing from a bank-owned business lender.
Having the right equipment is essential for your business’s success. However, buying equipment outright can place a significant financial burden on your capital. This is where equipment leasing with Balboa Capital, a division of Ameris Bank, comes into play.
Leasing is a flexible and cost-effective alternative to a large one-time purchase. Instead of buying the equipment, you lease it for a specific time frame, making fixed monthly lease payments to Balboa Capital. It’s that simple!
- Application-only for hard collateral up to $500,000
- Application-only for soft collateral up to $350,000
- If approved, same-day funding is available
- Easy online application
- One-hour approval decisions during regular business hours
- Flexible terms available
- Competitive rates
Equipment leasing in 3 easy steps.
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Submit a simple online application.
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Get a prompt decision during our normal business hours.
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If your application is approved, funds will be provided fast.
What we look for.
Minimum of one year in business
$100,000+ in annual revenue
FICO® score of 620 or more
These are some of our minimum lending requirements, and meeting them does not constitute approval.
Should you apply for equipment leasing, additional lending criteria will determine if you qualify.
Spend time on your business, not a lengthy application process.
You’re busy running your company—managing finances and employees, working with customers and clients, and overseeing daily tasks. So, you can’t afford to waste valuable time when you need to lease business equipment. Balboa Capital understands this, and we put your convenience first with a fast, easy, streamlined process.
You can complete our online equipment leasing application in just minutes and receive an approval decision promptly during our regular business hours. If your lease application is approved and you decide to move forward, a dedicated Balboa Capital account manager will contact you to discuss the next steps and finalize everything.
Equipment leasing and Section 179.
One significant advantage of equipment leasing is that many types of leased equipment qualify for the Section 179 tax deduction. If the equipment you lease is eligible under Section 179, you can deduct your lease payments as rent, providing you have an equipment lease agreement. In 2024, the Section 179 deduction limit is $1,220,000 on eligible equipment purchases.
Remember that not all types of business equipment qualify for Section 179, so consult a business accountant or attorney before moving forward with an equipment lease.
Reasons to lease equipment for your small business.
Saves capital
Improves cash forecasting
Makes upgrading easy
Helps you get what you need fast
Offers a potential tax deduction
Gives you a competitive advantage
Equipment leasing vs. equipment financing.
Both equipment leasing and equipment financing allow you to obtain the necessary equipment without a large upfront payment. However, the two have distinct differences. With an equipment lease, you pay a fixed monthly fee to use the equipment for a predetermined period. At the end of the lease term, you can either return the equipment, extend the lease, or purchase the equipment. Your Balboa Capital account manager will discuss these options with you so you can make an informed decision.
On the other hand, equipment financing involves borrowing money to purchase the equipment. You’ll make monthly payments to pay off the equipment loan, plus interest, over a set term. Once the loan is fully repaid, you own the equipment. Balboa Capital offers equipment financing to businesses nationwide.
Answers to frequently asked questions about equipment leasing.
Reasons to choose Balboa Capital.
Bank-owned business lender
Over $8 billion funded nationwide
Simple, quick process
Useful links for business owners.
Section 179 calculator
See estimated deduction amounts instantly.
5 common business pricing strategies
Learn how to price your products or services.
Capital expenditure guide
A helpful overview of capital expenditures.
