RMC’s ProFINANCE Dept. Poised for Growth in 2014
The Ray Morgan Company has always had the resources available to offer true “in-house” financing on all of its products and services; however the in the last 2 years this department has experienced near “triple-digit” growth in lease receivables.
With recent banking negotiation’s completed, RMC’s ProFINANCE is ready for all “end-user” financing opportunities that will come in 2014. Given the customer base of RMC; these opportunities run the gamut from “single” unit lease transactions to large, multi-location installations. Lessee’s range from Sole Proprietor businesses to publically traded multi-national corporations along with state and local government agencies.
Advantages of Leasing Document Technology
Less Initial Expense: Leasing Document Technology and tools preserves capital and provides flexibility in a competitive business environment. The primary advantage of leasing business equipment is that it allows you to acquire assets with minimal initial expenditures. Because equipment leases rarely require a down payment, you can obtain the goods you need without significantly affecting your cash flow.
Tax deductible. Lease payments can usually be deducted as business expenses on your tax return, reducing the net cost of your lease.
Flexible terms. Leases are usually easier to obtain and have more flexible terms than loans for buying equipment. This can be a significant advantage if you have “less than desirable” credit or need to negotiate a longer payment plan to lower your costs.
Easier to upgrade equipment. Leasing allows businesses to address the problem of obsolescence. If you use your lease to obtain items that may be outdated in a short period of time, such as computers or other high-tech equipment, a lease passes the burden of obsolescence onto the lessor. You are free to lease new, higher-end equipment after your lease expires.
Cost Allocation: In today’s business climate, companies have the specific need to “cost-allocate” equipment expense back to the department that generated the expense. RMC has the ability to “custom-tailor” your monthly invoice with the necessary “GL codes” to make the accounting process easier.
Why Choose RMC’s ProFINANCE?
RMC’s “in-house” leasing is very easy, fast and flexible. Most all transactions can be handled over the phone in just a few minutes. At the Ray Morgan Company, we put a lot of trust in our customers; we’ll take care of the financing without bringing a “high-maintenance” bank into the mix.