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Screen printing businesses require various types of equipment in order to function. Whether it is automatic presses, conveyer dryers, computers, or other manufacturing equipment, banks provide many different types of equipment financing and leasing arrangements to screen printing companies.
In the United States, 72 percent of companies use some form of financing to acquire equipment. Financing takes the form of leases, loans, and lines of credit. On average, American government entities, businesses, and nonprofits invest roughly $1.5 trillion in equipment, software, and facilities. Roughly $900 billion is financed by banks and lending institutions.
Although most industries typically involve some form of financing, certain industries tend to take out more equipment loans than others. For example, here at Screen Printing Stuff we’ve found that nearly 90% of printers will utilize lease terms in order to fulfill orders from their customers.
Tax Code Section 179 entitles a company to make a deduction for new and used equipment, including equipment purchased according to a lease or financing agreement. This provision is intended to help businesses build their inventory and increase their capital. For any other questions about purchasing screen printing equipment please call or email us today!
Screen Printing Stuff is proud to partner with the following Equipment Leasing Vendors to provide our customers a full-service solution to grow their business.