As an engineering firm for more than 25 years, we have a long history with TRICON. When we need financing or a loan for expansion, TRICON has always offered honest terms and very good rates. Great company. I would highly recommend.

H. Jacobs (Engineering Firm)

We worked with TRICON as a direct lender for many years in various markets of oil, gas, co-generation and other commercial lending projects. Deals often would run into $10’s of million. Their expertise and professionalism is rare in today’s market. We highly recommend TRICON.

R. Graves (Energy Industry)

I called several companies and all required home ownership. I was at my wits end. Finally saw an ad and called TRICON. They were able to approve deal for $49,690 in just under 2 hours. Their truck program is unbelievable.

K. Davis(Truck Program)

As a 501C3 non-profit, we came to Tricon for help to understand how leasing and structured business loans work for charities and other non-profits.Through our association with TRICON we have in place a low cost discounting program which we can now refer our clients.

L. Cheek (Non-Profit Firm)

I am a start-up business who came to TRICON to lease a medical laser for skin and dermatology use. Though my credit was less than perfect, TRICON approved deal in 1 hour under their $100,000 app only program.

W. Polo(Medical Laser firm)

Tricon is the first choice for business financing & loans.

When you run business operations, there are abound to be situations which cause expenses and you will need finance to carry out operations smoothly. One option available to you is sale leaseback, wherein you sell the equipment that you own and then rent it back for running your business operations. This works out to be highly profitable because you can reduce so many types of expenses, plus get enough money to meet business expenses.

Sales Leaseback Financing

The benefits of a Sale Leaseback

Most often we buy equipment on a loan, wherein there is a loan plus interest repayment every month till the loan period finishes. Once this period is over, sell the equipment and the lease it out to, paying a rental amount this is equal to the amount you would have paid as monthly loan installment plus interest. Here is a look at the benefits of sales leaseback:

*You will be able to get the finance needed to expand your business, buy a new equipment or invest in a better opportunity
*The money can be used to pay debt
*Since you will be leasing the equipment, the rental payment done for it can deducted from income tax as a legitimate business expense

However in order to sell the equipment and then rent it you need to approach a sale and leaseback financing company.

What is expected by the Sale Leaseback Company for sanctioning funds to you?

In order to get the finance from them you would have to provide some supportive documents such as a paid invoice or a canceled check. If you are unable to provide these, you have to give a certified appraisal of the equipment. Once this is done money will be provided for the value of the asset. With this money, you can carry out various plans to expand your business or enhance it. Since you would be requiring the equipment for running operations lease it out for rental charge which should be paid every month.

Be careful in choosing the Lender

In order to get the desired amount of funds from a sales leaseback you need to approach the right lender. The lender should be someone specializing in such financing. Furthermore, the lease rates should be reasonable so that you can bear it and run your business smoothly. Look into the sale and leaseback financing terms to see if it is suitable for your business environment and only then accept the leaseback financing.

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