Leasing is one of the fastest growing ways of acquiring equipment. Approximately 80% of the nation’s businesses use leasing to finance new equipment. These companies choose leasing because it offers a different set of benefits than other forms of financing.

Get the equipment you need now

To stay ahead in today’s environment, you need the right equipment. By leasing, you not only get the equipment you need to generate profits, you get an attractive alternative to conventional financing.

Flexibility

Lease payments can be made either monthly, quarterly, semi-annually or annually. You choose a payment schedule that fits your cash flow.

Simplify accounting

Lease payments make bookkeeping and accounting simple. Usually, lease payments are completely deductible, eliminating the hassle and expense of setting up depreciation schedules. Capital budgeting and forecasting are made easy. Along with these benefits, significant tax savings are also often realized.

Improve cash flow

A lease will often result in less money being spent to acquire your needed equipment, and you are not committed to the equipment once the lease is over.

What can be leased

The Exchange State Bank will lease agricultural and commercial buildings and virtually any equipment or vehicle used in a business, whether it’s brand new or used. If your operation needs it, we can probably lease it.

Defined options at lease termination

When the lease term is over, you have three options to choose from. You select the one that is best suited to your needs.

• Purchase the equipment according to the purchase option stated in the lease agreement.
• Renew the lease for an extended period of time.
• Return the equipment if you have no further use for the equipment.

Leasing is easy. You select the equipment you want, at the cost you desire, from the vendor of your choice.

Apply now by downloading and printing the Lease Application (Adobe Acrobat Reader required).

Completed applications should be mailed via U.S. mail to Exchange State Bank, P.O. Box 5, Lanark, IL 61046 to ensure security integrity and confidentiality. Using e-mail may not provide sufficient security and privacy of your personal information.

To find out more about how equipment leasing can work for you, contact us at:

Exchange State Bank
loans@lanarkbank.com
126 N. Broad Street
P.O. Box 5
Lanark, Illinois 61046
Phone: 815.493.2631
Toll Free: 866.493.2631 • Fax: 815.493.2082