There are a lot of factors that go into purchasing or upgrading the equipment within an organization, with a primary component being monetary impact. Bringing a building’s access control into the modern era is no different. While newer options provide better security and control, even a new revenue stream, the initial deposit can be considered too steep of an initial investment out of pocket.
Because of this, Geokey has officially partnered with Lease Corporation of America (LCA) to provide the best financing options for their clients. By leasing equipment through LSA, businesses can access the equipment they need to generate additional cash flow while affordably managing costs and payments while diverting money to more immediate needs and investments.
LCA was established in 1988 on a foundation of creating partnerships formed on mutual trust. They are a commercial equipment financing company that aims to come alongside reputable suppliers, dealers, and manufacturers to offer competitive financing programs for its commercial customers. LCA puts a lot of emphasis on its own reputation for trust and excellence along with the reputations of those they partner with. Those that choose to lease equipment through LCA get all the benefits of a low, fixed monthly payment rate with little money coming out of pocket in exchange for the equipment companies need.
LCA offers many benefits to companies looking to install Geokey’s access control solution. These benefits include:
- Fixed and Affordable Payments:Financial payments will remain fixed, unlike loans and credit, which have the probability of fluctuating with inflation or interest rate changes. Because the price will not change, this allows you to know you are getting the most affordable investment you can without the risk of it changing. Most LCA programs only require first and last payments of about 5% in advance, rather than what is typically mandated by banks (up to 20%)
- Preserved Credit Lines:Payments do not affect a customer’s credit line, with approval for credit decisions being made in under 2 hours, rather than the several days wait that usually comes when going through a bank loan approval process.
- Adding and Upgrading:Financing allows you to easily add additional services, like maintenance and software costs, to the monthly payments. This makes it a more affordable option than going through bank loans, which typically will not roll fees.
- Tax Deductible:Thanks to Section 179 of the IRS tax code, businesses can deduct the total purchase of equipment and software financed during the tax year up to $1,160,000. This can make deciding to finance even better for small and medium businesses, which can also take advantage of the 80% Bonus Depreciation (promised through 2023).
These are only a few benefits to financing through LCA, making it an affordable means of installing Geokey’s access control solution into your business. For more information, check out our financing page to read up on all the benefits financing through LCA can grant. We also have a calculator available here to help you calculate what a monthly payment would look like.
