Financial Options
When it comes to acquiring equipment for your business, there are a lot of decisions to make, such as how much to spend, what to buy, and how to pay for it.
Jenfab offers flexible financing options to meet your unique needs:
Capital purchase
This is the classic way to acquire parts washers. You pay to own the equipment upon delivery to your site. This is then treated as a depreciating asset on your balance sheet.
Operating Lease
Monthly payments where you do not take ownership. Often called a tax lease. While they function as tax leases for tax deduction reasons, recent changes to ASC 842 often require them to be recognized on the balance sheet.
Capital Lease
Monthly payments where you do take ownership. Recorded on the balance sheet. Depreciation and interest are tax deductible. You take ownership at the end of the term but it is treated as a purchase for accounting purposes.
Product as a Service
Outcome based financing. You pay for the delivery of a cleaned part.
The following blogs provide detailed explanations.
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