Financed equipment is 100% tax deductible with Section 179
Take advantage of Section 179 of the IRS Tax Code to deduct the full purchase price of qualifying equipment financed during the tax year. This powerful tax benefit is designed to help businesses invest in equipment without the burden of high up-front costs.
Section 179 allows businesses to write off the full purchase price of qualifying equipment that was financed and placed into service during the tax year. Whether you lease or finance, you can deduct the full amount as long as the equipment qualifies and is placed into service before December 31st.
Key Benefits of Section 179
Immediate Deduction
Instead of depreciating over time, you can deduct the full cost of equipment in the year of purchase.
Save on Equipment Purchases
Any equipment you finance can result in substantial tax savings, lowering your overall financing costs and cost of ownership.
Boost Cash Flow
With tax savings upfront and manageable payments over time, Section 179 allows you to grow your business while keeping cash reserves healthy.
Applicable to New & Used Equipment
Instead of depreciating over time, you can deduct the full cost of equipment in the year of purchase.
Example Scenario
Let’s say your business finances $50,000 in equipment. With Section 179, you can deduct the entire $50,000 from your taxable income in the current year. If you are in the 24% tax bracket, that results in $12,000 in tax savings!
*Consult a tax professional to confirm Section 179 eligibility
Welcome to a faster, smarter path to business financing.
How can we support your business today?
Acquire essential business equipment while preserving cash flow. Loans have 12-72 month terms, with monthly payments often deductible as business expenses. Builds business credit.
Short term loans (6-24 months) to manage cash flow, seize growth opportunities, and cover temporary cash flow gaps.
