
Green Atom Inc., partnered with Green Asset Finance LLC., can provide the missing piece of financing to bring your clean, green, renewable energy or energy efficient project to life.
Green Asset Finance offers tailor-made financing and terms to qualifying projects, contractors, developers and commercial applications both public and private, in the Green and Renewable Energy Industry. Visit Green Asset Finance - click here
Green Asset Finance provides a conduit from quality projects to active lenders by providing a breadth of financial products designed to service renewable energy and energy efficient projects. Green Asset Finance builds strong and lasting relationships by providing reliable, consistent, and competitive delivery of tailor-made financing solutions. Projects can be financed in many ways and we will help you find the most appropriate option for you.
Lease Purchase - A Lease Purchase is a fixed-term obligation with equal monthly payments, usually between twenty-four and sixty months, where the lessee may, after consulting with his/her tax advisor, deduct as a business expense both the depreciation on the equipment and the interest portion of the monthly lease payment. At the end of the lease the lessee owns the equipment, either for a payment of $1.00 or for a fixed residual payment that is part of the lease agreement. A finance lease should be considered when it is the intent of the lessee to retain the equipment at the end of the lease term.
Conventional Loans vs. Lease Purchase
1. A Lease Purchase converts what would be a long term liability through an outright purchase into an expense. This allows the client to pay for equipment with pre-tax earnings instead of after-tax profits.
2. With a lease purchase a client can obtain 100% financing, while conventional financing lend on only the value of the equipment, requiring the purchaser to put down the difference, which can be as much as 20%-25%.
3. A conventional bank loan will attach a lien to a client’s possessions and property, a lease purchase is a stand- alone loan, attached only to the equipment being financed.
4. A conditional sales contract is a loan and will be reported through various credit bureaus, thereby reducing the client’s available credit, lowering their credit score, and affecting their business and personal creditworthiness. A lease is considered an expense instead of a loan. A lease has the advantage of not affecting the client’s credit as well as depreciation of the equipment of the term of the agreement.
Contact us today to get started!
Click here to download our basic credit application, then fax to 877.543.2854 or email to: greenatomconsulting@gmail.com