Business Banking
Commercial Leasing
Over the past few years, leasing vehicles and equipment has become a
more accepted and cost-efficient method of utilizing assets than out
right ownership.
Here are just a few of the many reasons why leasing has become so popular:
- 100% deductibility of the rental payments.
- Off balance sheet financing frees up working capital for other uses as
opposed to tying up cash in fixed assets.
- Long-term, fixed interest rate re-payment programs are custom designed
to meet your cash flow requirements.
We've been in the leasing business since 1988. Let us utilize our
experience and expertise to customize a leasing program that fits your
cash flow requirements. Call us today for a customized quote!
WARREN-BOYNTON STATE BANK
702 W. Illinois Street
NEW BERLIN IL 62670-0019
"The Bank You'll Like"
Lease Application Requirements
- Applicant executed lease application
Please be sure the following information is included:
- Current years financial statement
- Financial institution references
- Insurance agent
- For deals over $50,000:
At least the past two years of IRS form 1040 (front & back) and IRS
*form Schedule "F"
or
Past two fiscal years accrual basis profit and loss statement
- If applicant is a corporation: Borrowing resolution
If applicant is partnership: Partnership agreement
$125.00 Lease Origination Fee Applies to all transactions.
Need Applications?...Questions?...Customized Factor?...
Call Bill Pfeffer
(217) 488-6091, Extension 2225
Fax (217)488-6216
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