July 16, 2017

Financing

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.

APPLY NOW

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Take Advantage of the IRS Section 179 Tax Deduction Today!

Most people think the Section 179 deduction is some mysterious or complicated tax code. It really isn’t, as you will see below.

Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.

Several years ago, Section 179 was often referred to as the “SUV Tax Loophole” or the “Hummer Deduction” because many businesses have used this tax code to write-off the purchase of qualifying vehicles at the time (like SUV’s and Hummers). But that particular benefit of Section 179 has been severely reduced in recent years (see ‘Vehicles & Section 179‘ for current limits on business vehicles.)

However, despite the SUV deduction lessened, Section 179 is more beneficial to small businesses than ever. Today, Section 179 is one of the few government incentives available to small businesses, and has been included in many of the recent Stimulus Acts and Congressional Tax Bills. Although large businesses also benefit from Section 179 or Bonus Depreciation, the original target of this legislation was much needed tax relief for small businesses – and millions of small businesses are actually taking action and getting real benefits.

Here’s How Section 179 works:

In years past, when your business bought qualifying equipment, it typically wrote it off a little at a time through depreciation. In other words, if your company spends $50,000 on a machine, it gets to write off (say) $10,000 a year for five years (these numbers are only meant to give you an example).

Now, while it’s true that this is better than no write-off at all, most business owners would really prefer to write off the entire equipment purchase price for the year they buy it.

And that’s exactly what Section 179 does – it allows your business to write off the entire purchase price of qualifying equipment for the current tax year.

This has made a big difference for many companies (and the economy in general.) Businesses have used Section 179 to purchase needed equipment right now, instead of waiting. For most small businesses, the entire cost of qualifying equipment can be written-off on the 2019 tax return (up to $1,000,000).

Limits of Section 179

Section 179 does come with limits – there are caps to the total amount written off ($1,000,000 for 2019), and limits to the total amount of the equipment purchased ($2,500,000 in 2019). The deduction begins to phase out on a dollar-for-dollar basis after $2,500,000 is spent by a given business (thus, the entire deduction goes away once $3,500,000 in purchases is reached), so this makes it a true small and medium-sized business deduction.

Who Qualifies for Section 179?

All businesses that purchase, finance, and/or lease new or used business equipment during tax year 2019 should qualify for the Section 179 Deduction (assuming they spend less than $3,500,000).

Most tangible goods used by American businesses, including “off-the-shelf” software and business-use vehicles (restrictions apply) qualify for the Section 179 Deduction.

For basic guidelines on what property is covered under the Section 179 tax code, please refer to this list of qualifying equipment. Also, to qualify for the Section 179 Deduction, the equipment and/or software purchased or financed must be placed into service between January 1, 2019 and December 31, 2019.

Click here to learn more.