Equipment Financing: A Guide for Business Owners
Medical Equipment Leasing
How valuable is medical equipment and what are the benefits of leasing?
The healthcare industry is one that is constantly evolving, drastically updating equipment due to the advancement of technology. As an industry that once heavily relied on paperwork and dated equipment, there have been pitfalls when it comes to completing simple tasks or vital procedures. From renowned hospitals to private practices and local nursing homes, the demand for medical equipment needed at each of these institutions has been growing at a staggering pace and their respective budgets obviously vary. How do these institutions find the right price point when setting aside their annual medical equipment budgets?
Instead of turning to loans, these facilities are instead starting to choose medical equipment leasing. Medical equipment leasing has been the go-to financing solution for the healthcare industry when it comes to updating equipment because it automatically saves working capital and simply pays for every piece of collateral as it is being used over time. The best incentive that leasing offers is the option of having shorter payment terms that provide a seamless process for necessary upgrades, providing a more cost-effective alternative over purchasing.
Equipment leasing is also beneficial in that it provides a low, fixed monthly payment, with each payment being a fully tax deductible expense. By saving money through leasing, healthcare facilities have the ability to operate on a lighter budget and allows them to lease the most efficient and latest equipment all while ultimately providing better care and service to their patients.
Why is understanding the customer’s industry an advantage when providing financing options?
As a nationally recognized leader in lease financing, Jules and Associates provides equipment leasing to the main industries that drive our country’s economy. Each industry has its own unique needs, from financing short terms and refreshing equipment every few years to financing assets under longer terms in order to assist with cash flow. In any case, Jules and Associates strives to understand each specific industry in order to best meet their respective needs, no matter how complex the transaction is. You will find that we go that extra mile to truly grasp the ins and outs of your unique industry, allowing us to provide financing options that are customized to your business.
These are the most commonly financed medical equipment that we lease:
- MRI and CAT Scans
- Scanning Equipment
- Nuclear PACS Systems
- Laser Equipment
- Computer Hardware and Software
- Furniture and Fixtures
- Telephone Systems
- Including Training / Installation
- Room Build-Outs
- Surgical Suites
- Medical Scopes
- Electronic Medical
- Records (EMR) Systems
- Robotic Surgery
“Jules offered a competitive structure, pricing and end-of-term options. They worked with us to structure equipment leases to meet our unique leasing requirements.” - Chief Financial Officer, Large Hospital
Our account executives are located in Los Angeles and Orange County. To learn more about our flexible finance structures and lease terms, contact us at firstname.lastname@example.org or give us a call at 213-362-5600.
About Jules and Associates
As a top Los Angeles equipment financing specialist for the past 25 years, we have stayed true to our founding values and remain committed to offer flexible, straightforward and independent financing solutions to middle market companies. A national provider, we have financed over 26,100 transactions, financed over $1.5 billion in assets and named amongst the Top 100 largest equipment leasing companies and Top 20 independent leasing companies in the US by Monitor Daily.