Equipment Plus Cash Program

Kingswood Equipment Plus Cash Auto-Express Program

In today’s lending environment it is often difficult for small to mid-sized businesses to easily access working capital for their business growth opportunities. We recognized this at Kingswood, and are excited to offer a brand new program that enables us to automatically qualify an equipment buyer for a working capital loan. Now, if you have received an approved credit decision in the last 90 days to buy a piece of equipment, you are automatically pre-approved for an additional working capital loan of $10,000 – $25,000. No additional credit check is needed, however, certain guidelines and restrictions apply.

Program Guidelines:

  • Must have an approved decision within the last 90 days
  • Minimum time in business must be greater than 2 years
  • Minimum FICO score of 649
  • Minimum bureau history must be greater than 10 years
  • Annual revenues must exceed $300,000
  • Must not have an outstanding working capital loan
  • This product is restricted in the following States: CO, CT, MI, MT, ND, NJ, NV, NY, RI, SD, VT
  • Restricted Industries: Adult Entertainment, Agriculture, Asset Management, Auto Dealerships, Churches, Collection Services, Consulting, Credit Repair Companies, Day Trading Enterprises, Federal Government, Financial Services, Gambling Companies, Legal Profession, Medical Marijuana Dispensaries, Non-profit, Owner/Operator Trucking Businesses, Tax Preparation Services, Wholesale

These guidelines are only for the Auto-Express program, and in no way disqualifies you from other working capital options we can provide you. If you need additional working capital, we can arrange for a higher loan or line of credit, up to $250,000. This can be approved and funded within 48 hours with some additional information.

We appreciate the opportunity to provide financing for your business. Please contact us to discuss any finance needs you might have.

Kingswood Needs Your Help To Support Local Children’s Charity

Support Us For The 8th Annual Dover Children’s Home Bowl-A-Thon

Kingswood Kingpins Strike Again!

The Kingswood Kingpins are ready to get our “bowl on” with friends and family while helping to raise critical funds to support programming for the at-risk children in our community. This is one of our favorite events of the year where we can join other local businesses to support a great cause in our area.

Please Pledge Your Support!

While our goal is to raise more than we ever have before, every dollar counts for these children in need. All pledges are 100% tax deductible and can be made at Make A Pledge, where your tax deductible receipt can be printed. Cash or checks made out to “Dover Children’s Home” are also acceptable.

Please join us in supporting at-risk children in our community by pledging for the Kingswood Kingpins player or team of your choice. Your pledges are so sincerely appreciated.

About the Dover Children’s Home

Dover Children’s Home is dedicated to enriching the lives of adolescents and strengthening their family relationships through the highest quality residential treatment services and educational programs. Their commitment to evolving and designing new treatment programs sets the standard for excellence in the field and enable those children facing life’s most difficult challenges with the means to grow and live healthy, productive, and independent lives.

History

Dover Children’s Home was organized to ease the plight of children and families who suffered due to the recessions of the 1890s and has continued to serve the needs of under-privileged children for more than 120 years. During the depression of the 1920s, more than 60 children resided in the Home. In 1939, the state of New Hampshire requested that the Home limit its number of children to 50. This number was subsequently cut to 45 after World War II. Over the years, the Home transformed further to providing intermediate-level residential care, case management, and therapeutic services to vulnerable youth ages newborn-20.

 

Services

Dover Children’s Home is a non-profit, intermediate-level residential treatment program designed to provide a wide array of community-based services for boys and girls, ages newborn-20, who have been abused or neglected or who have committed delinquent acts.

For more information about Dover Children’s Home, visit our website at www.doverchildrenshome.org.

Kingswood Swears In New Vice President

Brian Ouhrabka begins 10th year as the new Vice President of Kingswood Leasing

Dover, NH – Kingswood Leasing is proud to announce that Brian Ouhrabka has been promoted to Vice President. Brian just recently celebrated the beginning of his 10th year with Kingswood Leasing. Brian started with the company in September of 2005 after graduating from Providence College with his B.S. in Marketing.

As Kingswood Leasing enters its 25th anniversary in business, we couldn’t be more proud of the banner 2015 we had providing more capital to businesses than any year before. And the Executive with the most growth during that time was Brian Ouhrabka. Brian’s extensive experience with funding sources, combined with his personal attention that he delivers to his clients, has allowed Brian to double the value of his account portfolio over the past year alone. We look forward to supporting Brian’s continued success .

In appreciation of his services he has been promoted to Vice President and is taking a more active role in the marketing of the company’s extensive knowledge and resources in the hospitality business. He is the first non-family member to hold such a position but then we feel like he is part of the family. – Clifford Metcalfe Jr, Owner & President

Join us in congratulating Brian and his future with Kingswood Leasing.

IMPORTANT NOTICE: Section 179 Expanded

2015 Tax Hike Act

The Protecting Americans From Tax Hikes Act Of 2015

Section 179 Expanded & Permanent

Last week “The Protecting Americans From Tax Hikes Act of 2015” was passed by both the House and Senate and is expected to be signed into law. This new law expands the available deduction under Section 179 from $25,000 to $500,000, and makes this type of deduction permanent for subsequent years to come. The new law will also bring back bonus depreciation through 2019, which allows businesses to depreciate 50% of the cost of the equipment that was put into service during 2015, 2016, and 2017. Available bonus depreciation will then phase down to 40% in 2018 and 30% in 2019.

Summary of Guidelines

  • Available deduction for 2015 is now up to $500,000
  • Deduction phases out dollar for dollar at $2,000,000 and is eliminated at $2,500,000
  • Available for tangible New or Used Equipment that is actively used by the business
  • Asset(s) must have a normal depreciation deduction
  • Equipment must be purchased and installed to qualify for deduction in given tax year

What Does This Mean To Me?

If you are buying equipment you will want to know how much money you can save on your equipment purchases. And if you are selling equipment you will want to be able to show how much this law can save a customer on their equipment purchase. Either way, a Section 179 Tax Savings Calculator is a valuable tool to have and use in order to see how much money is at stake. All of our calculators have this tool and have recently been updated to reflect the changes this new law will enact.

Using The Calculator

All one has to do to see how much one can potentially save is enter the cost of the equipment you want to purchase and hit the “Section 179 Tax Savings” button. No other information is required to use the Section 179 Tax Savings Calculator. One can also input their effective federal tax rate to personalize the savings calculation (the default tax rate is set at 35% for businesses). The calculator will show you a summary of IRS Section 179 Write Off & Bonus Depreciation savings and how they affect the bottom line of your equipment costs. You can even print out this summary with any quote. We suggest that you do print out the summary and provide it to your tax adviser, who can confirm whether or not this type of tax application is best for your specific situation.

Kingswood Finances Start-Ups

Business owner and son holding an open sign

Opening a new business can be one of the most exhilarating experiences of a person’s life, and one of the most frustrating. Ask anyone who has attempted to open a business and has to secure capital to do so. It’s not easy. That’s because the credit markets look at startups as a risky investment, and either charge higher rates to compensate, or don’t offer financing at all to those buyers. According to Neil Patel, a contributor to Forbes Magazine, 90% of startup businesses fail. Reasons why startups fail can vary, but in general the marketplace tests every business plan without prejudice, and banks understand this better than most. And this is why it can be so difficult to secure the capital needed for investment. You are limited by the number of banks that will lend money, and criteria and guidelines one must meet in order to secure that money is more stringent. The good news is that this process will only make you stronger.

Startups by definition have little to no established business history. A credit decision is therefore supported in large part by the financial strength and credit history of the owners. However, other factors can contribute to a decision, such as a thoughtful business plan. Not every business owner takes the time to write out a business plan, which is why we provide a Startup Questionnaire that clients can fill out in order to increase the strength of their credit application. Do you have to fill out this questionnaire in order to get approved for financing? No. Will it help if you do? Yes, especially when no business plan is available. Showing a bank that you have completely thought through your business venture is critical to securing financing for startup businesses.

Every credit approval is like a table that needs to stand up on its own. When established business credit is not available, we need to build a table that has at least three legs to support it. Having a well thought out plan can be one of those legs. But financial strength is going to be another important leg to this table. Providing a Personal Financial Statement for each of the owners involved is a good way to build that leg. Banks want you to succeed just as much as you do, but they also want to know that any liabilities can be covered should success not be realized in a timely manner. Having additional streams of income or assets increases the confidence of banks to lend money. Do you have to disclose all your assets and liabilities in order to get approved? Not necessarily. Does it help if you do? Significantly.

Kingswood has built a reputation of getting more startups the financing they need when others cannot. We have earned this reputation by learning what it will take to secure startup capital, and with this experience provide clarity to help our clients navigate what can be a challenging process. Because of this experience, Kingswood has been able to get more money for our clients than our competition, all at the best rates available.

Are you, or someone you know, looking for financing for a startup business or new location? Experience the Kingswood advantage – Apply now to get started.

Kingswood Has A New Website!

KingswoodLeasing.com

KingswoodLeasing.com has been upgraded! The site has been redesigned with one primary focus – helping business succeed.

Kingswood Leasing has over 24 years of experience providing commercial capital solutions to equipment buyers and equipment sellers alike. Our web presence needed to fulfill the same mission of providing an industry leading experience at our valued clients finger tips. With this critical mission in mind, the site has been redesigned specifically for the use of equipment buyers and equipment sellers.

Equipment Buyers have new resources to educate themselves on the available types of financing, the different industries and equipment that Kingswood specializes in, financial documents and forms at their fingertips to download, and a terminology glossary for any unfamiliar financial terms that may be seen. And as always buyers still have access to our financial calculators and secure online application, both of which have also been upgraded to improve our equipment buyer’s experience.

Equipment Sellers have new resources as well in order to take full advantage of everything Kingswood can do for them. Equipment sellers looking for an in-house finance department or an alternative to their current finance broker can apply online and be approved within 24 business hours. Equipment sellers who want to learn more about the benefits of working with Kingswood have resources at their fingertips to compare Kingswood to other commercial finance brokers, download financial documents, browse pre-approved equipment, and find answers to commonly asked questions.

Kingswood Leasing has been leading the way for equipment financing in the hospitality industry for over 24 years. In that time Kingswood has also learned how important it can be to have access to capital for more than just equipment. Working Capital loans have been an ever-increasing part of Kingswood’s commercial capital portfolio and Kingswood is now poised better than ever to offer working capital loans to all of our clients. Those who are interested in learning more about alternative finance solutions or are ready to apply for a working capital loan now have the resources to do so.

Kingswood has also learned how much credit histories can affect a credit decision. The world revolves around credit, whether you are opening a business, purchasing a house, a car, or equipment for your business. Good credit is a major factor in obtaining any loan or lease, and the stronger your credit is, the greater your ability to save hundreds to thousands of dollars of your money. Kingswood has introduced an affiliated Credit Repair program that will deliver personalized attention to each individual’s unique credit history in order to increase your credit score and get the most out of your credit. Unlike most credit monitoring services, our program is temporary, and focuses on removing inaccurate and unverifiable items from your credit bureaus. Individuals interested in a free consultation, now have online resources available to get started.

Our new website has many new pages, features and posts that we will continue to present to you, our valued patrons, as we move forward. We want to thank you for working with us in the past and look forward to help you grow your business. As always, we sincerely appreciate your feedback and the opportunity to earn your business.

Master Lease Agreements – Strong Kung Fu

Kingswood Master Lease Dojo

Master Lease Agreements (MLA) are a type of financing that provide businesses looking to make multiple equipment purchases over a period of time a way to purchase that equipment without having to go through the process of getting each equipment purchase approved. Essentially, a Master Lease Agreement allows a business to get pre-approved to buy qualifying equipment once, and the company can then go through with purchasing the equipment under the approved lease terms when and where they see fit. A Master Lease Agreement is similar to a Business Line of Credit whereas the business can use the MLA to have pre-approved terms to go shopping with. The big difference being that the MLA is specific to qualifying equipment purchases.

A Master Lease Agreement is a pre-approved agreement that may include a number of equipment schedules. Under each MLA, there is a separate equipment schedule agreement that lists equipment leased, terms of the lease, pricing of the lease per equipment schedule, and end of lease options. For example, if Acme Company gets approved for a MLA, and purchases equipment twice using the MLA, there would be two separate equipment schedules (and therefore two separate monthly payments), but only one Master Lease Agreement.

All terms of the Master Lease Agreement are applied to any equipment schedules to be purchased under the MLA. The only difference that may be allowed is a different end of lease option. Terms such as the cost of the money and the available term lengths must remain the same as the MLA in order to be applicable under that agreement.

The greatest advantage to a Master Lease Agreement is that a company does not need to renegotiate terms with the finance company each time it wants to purchase new equipment. A Master Lease Agreement expedites the process of acquiring equipment, and gives business owners additional confidence when working with their budget to invest in new equipment and technology.

If you have any questions regarding a Master Lease Agreement, please contact us for more information. Or apply now if you want to get the company you are working with pre-approved for a MLA.

Kingswood Crushes It At 8th Annual Dover Children’s Home Golf Tournament

Kingswood Leasing Cliff Metcalfe III Golf Team

Kingswood Leasing was proud to be a sponsor and participate in the 8th Annual Dover Children’s Home Golf Tournament. The tournament was again featured at the beautiful Links at Outlook in South Berwick, Maine. Participants competed for bragging rights and over $1,500 worth of prizes, as well as a chance to win a new Honda Accord as a hole-in-one prize.

Kingswood Leasing is a proud supporter of the Dover Children’s Home and their mission. Dover Children’s Home is dedicated to enriching the lives of adolescents and strengthening their family relationships through the highest quality residential treatment services and educational programs.

Business NH Magazine Names Kingswood Leasing in the “Top 20 Fastest Growing Family Businesses”

Dover NH- Business NH Magazine hosted their Ultimate Biz Bash at the Capital Center for the Arts in Concord NH, where Kingswood Leasing will be recognized as one of the “20 Fastest Growing Family Businesses”

Kingswood Leasing is proud to be listed as the 6th fastest growing family business out of the 144 other recognized companies.

In business since January 1991, Kingswood Leasing is a full service, family-owned and operated leasing company, specializing in leasing and financing programs for both vendors and end users, who are dealing with capital equipment transactions of all types.  Providing capital for all types of organizations, from the largest corporations to mid-sized companies to individually owned businesses.

Kingswood Leasing combines the personal service of a small company with the ample financial resources needed to get the job done.  The account executives are experienced, innovative, and creative experts in leasing and financing

Contact: Joe Hannigan

Marketing Manager

Tel 888-327-8121

joe@kingswoodleasing .com