Leasing Programs

Commercial & Farm Equipment Leasing

  • New & Used Equipment up to 5 years old
  • Eliminates large up-front purchase costs
  • Provides long-term, fixed rate financing
  • Provides 100% deductibility of rental costs (see your tax advisor for details)
  • Offers numerous payment plans and lease-end options for maximum flexibility
  • Eliminates complex and time consuming depreciation accounting problems (see your tax advisor for details)

Municipality Leasing

  • Provides for long term, fixed rate financing to protect the operating budget from fluctuations in variable interest rates
  • May provide 100% tax deductibility of rental payments in operating lease cases (see your tax advisor for details)
  • Enables piecemeal financing of small or unbudgeted equipment acquisitions for which debt financing is impractical
  • Keeps working capital free for other uses...not tied up in fixed assets
  • Provides 100% equipment financing without compensating balances or down payments (subject to approval)
  • Creates allowable cost (whereas interest does not) under certain government contracts
  • Deferred payments allow the equipment to pay for itself from the future revenue it generates
  • Preserves ability to acquire equipment where prohibited by restrictive covenants of loan agreements or Industrial Revenue/Development Bonds
  • Allows the benefits of ownership without major cash outlays, debt restrictions, or asset management responsibilities
  • Offers a hedge against inflation...today's needed asset is paid for with tomorrow's dollar
  • Offer numerous payment plans
  • Eliminates complex and time consuming depreciation accounting problems

Why Leasing?

Leasing provides the same quality you seek in any professional financing relationship; exceptional personal service, integrity and competitive pricing.

Customers can receive a financing method that suits cash flow needs and possible tax deductions, establishes long-term fixed rates and provides equipment financing. Leasing conserves cash, offers numerous payment plans and lease-end options for maximum flexibility, and hedges against owning equipment that becomes obsolete due to advances in technology.

 

 

Error Resolution Request

If you believe an error has occurred on your account, please submit in writing, a brief summary of the suspected error, along with your name and address and identifying account information to the following address:

Information Request

To request information regarding your account, please submit your request in writing along with your name and address to the following address:

Farmers State Bank Loan Department
108 East Adams Street
Pittsfield, IL 62363