At American Chartered Bank, we understand that a commercial loan may not always be the best solution to address a particular need. In some situations, leasing may be a better alternative. There is a reason that over 80% of American businesses employ some form of lease financing. At American Chartered, we have partnered with industry leading leasing companies and we are committed to providing outstanding service and economic value to our clients.

We offer a full array of products including Capital (Finance) Leases and Operating (True) Leases:

Capital Leases  Capital Leases are ideal for long-term ownership of an asset and are available with the option to purchase the asset at the end of the term for $1.00 to 10% of the original equipment cost. Capital Leases appear on the balance sheet and take advantage of IRS Section 179.*

Operating Leases  Operating Leases are ideal for protection from obsolescence (e.g., technology), when ownership is not important, and are available with Fair-Market-Value buyouts. Lessees are typically able to write off 100% of lease payments as an expense and these are off-balance-sheet transactions.*

Equipment leased includes (but is not limited to):

• Machinery / machine tools
• Printing / graphic arts equipment
• Telecommunications equipment
• Technology related equipment
• Medical equipment
• Computer Hardware / Software and related expenses

Our application process is easy, typically only one page in length. We may also be able to finance start-ups.

If you are contemplating an equipment purchase, please contact us! We can make all the confusing terminology and options understandable and relate them to your unique needs.

*American Chartered Bank is not a tax advisor. Please consult your tax advisor regarding balance sheets, deductibility and write-offs.