Easy & Fast Financing
Welcome to Brightway LED Lighting Finance. Here you can get an instant equipment lease quote, compare monthly payment plans, and apply for an equipment lease or loan all in less than 2 minutes. Best of all it’s free!
Brightway LED Lighting is not a lender but has partnered with the leading finance companies in the marketplace to provide competitive rates across a large spectrum of financial needs. Even if your business is too young to qualify for financing, don’t worry, we will refer you to someone who can help review alternative sources of financing. So get an instant equipment financing quote and get started today! There is no impact on your credit and you’ll be able to choose the best payment plan, complete your application, and receive the financing you need in record time.
FINANCING HELPS YOUR BUSINESS GROW
LED lighting upgrade conversions generate significant savings. With 90 day deferred payments you can start enjoying those savings NOW.
Financed equipment can create income that exceeds the cost of the monthly payments. Let your new equipment pay for itself while you earn additional income. Save your cash for other critical business expenses.
GENERATE REVENUE AS YOU PAY
Financing affords you the option of getting new equipment now and paying for it in small, manageable payments. You can start earning money with your new equipment before your first payment is even due!
MONTHLY PAYMENT PLANS TO FIT YOUR NEEDS
- Capital Equipment Lease
- $0 down – 100% of equipment and installation
- Terms from 24 to 84 months
- No payments for first 6 months available
- Operating Lease options and rebate financing available
- 2-minute online application with same-day funding available
- Credit available from $5,000 to $5 million
100% TAX DEDUCTIBLE
Section 179 of the IRS Tax Code allows your business to deduct the full purchase price for the equipment you finance! Most business’ get to deduct 100% of the total equipment costs. Consult your tax advisor for additional information.
KEEP LINES OF CREDIT OPEN
Keep potential lines of credit open for financial emergencies and use our financing to help build your business credentials with any bank.
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Take Advantage of the IRS Section 179 Tax Deduction Today!
Under section 179 of the internal Revenue Code, businesses can write off the full cost of equipment in the year they purchase them, rather than deducting a portion of their cost annually over the life of the equipment.
WHAT ARE THE ADVANTAGES OF FINANCING?
A business that finances qualifying equipment will still have the opportunity to take full advantage of the Section 179 tax deduction. Doing so is seen as a financial strategy to the bottom-line operations as this allows you to acquire equipment while making smaller payments, preserving much needed cashflow.
While minimizing out-of-pocket expenses the business can deduct the full amount of the equipment (and/or software), without paying the full cost in the year acquired. Deductions in this manner can actually allow you to save a higher amount in taxes because the total write-off can actually exceed the full year payment amount for the equipment.
GENERAL INFORMATION: SECTION 179 FOR 2016 TAX YEAR
The Section 179 deduction program applies to new equipment, used equipment and off-the-shelf software that is financed in the 2016 tax year. At this current time a business can elect to write-off up to $500,000 if the qualifying equipment is placed into service by December 31, 2016.
WHAT IS QUALIFYING EQUIPMENT?
- Equipment & Machines Purchased For Business Use
- Personal Property Used In Business Operation
- Computers & Laptops
- Off-the-Shelf Software
- Office Furniture
- Large Property / Equipment Attached To Building (but not a structural component such as conveyor belts, printing press, large tools).
Qualifying equipment can also include items that are used for both personal and business operation. Section 179 deductions can only be taken if the equipment is used more than 50% of the time for business.
WHO QUALIFIES FOR SECTION 179 DEDUCTIONS?
Section 179 was created specifically for small and medium-sized business. Any businesses that purchases and/or finances less than $500,000 in qualifying equipment (new or used) during the 2016 tax year should qualify for the IRS Section 179 deduction. The tangible personal property and/or off-the-shelf software must be put into operation by December 31, 2016.
ELECTING THE SECTION 179 DEDUCTION – FORM 4562
Taking advantage of the Section 179 deduction tax savings is not automatic through the IRS. A company must fill out form 4562 when filing taxes for the 2015 year, regardless if you are filing on time or through an extension.
All Section 179 deductions are taken on an item by item basis, meaning you do not have to elect it on all qualifying equipment that was purchased and used in the 2015 tax year.
SECTION 179 50% BONUS DEPRECIATION
Section 179 does allow for a 50% Bonus Depreciation that will be extended through 2019. Your business will be able to depreciate 50% of the cost of equipment that was acquired and put into service from 2015 – 2017. In 2018 the depreciation percentage will decrease to 40% and fill further drop to 30% in 2019.