Business is challenging. Financial decision-makers need flexibility, convenience, and control - all valuable characteristics of leasing. If your farm, business or agri-business is in need of machinery, equipment, buildings, or grain storage, leasing from The First Trust and Savings Bank could be the answer to your needs without significant capital expense.
Business leasing services are available for a variety of needs. There are many reasons why leasing is a great financing option.
| * Conserve Cash | * Match revenue with expenditures |
| * Preserve lines of credit | * Tailored payments |
| * Potential income tax benefits | * Simple and convenient process |
| * Pay as you profit | * All processing is done locally |
With The First Trust and Savings Bank, you can have the confidence of leasing with a local financial services leader.
Standard Lease Factors
| SCHEDULE FOR RESIDUAL OF 10.00% | |||||
| FACTORS FOR PAYMENT FREQUENCY | |||||
| Term | Monthly | Quarterly | Semi-Annual | Annual | |
2 years |
0.04151 |
0.12388 |
0.24582 |
0.48420 |
|
3 years |
0.02877 |
0.08582 |
0.17019 |
0.33485 |
|
4 years |
0.02247 |
0.06701 |
0.13282 |
0.26100 |
|
5 years |
0.01889 |
0.05628 |
0.11142 |
0.21852 |
|
7 years* |
0.01467 |
0.04367 |
0.08637 |
0.16906 |
|
10 years** |
0.01159 |
0.03448 |
0.06812 |
0.13301 |
|
| SCHEDULE FOR RESIDUAL OF 20.00% | |||||
| FACTORS FOR PAYMENT FREQUENCY | |||||
| Term | Monthly | Quarterly | Semi-Annual | Annual | |
2 years |
0.03760 |
0.11219 |
0.22261 |
0.43841 |
|
3 years |
0.02625 |
0.07829 |
0.15525 |
0.30536 |
|
4 years |
0.02065 |
0.06158 |
0.12202 |
0.23970 |
|
5 years |
0.01750 |
0.05213 |
0.10319 |
0.20227 |
|
7 years* |
0.01375 |
0.04094 |
0.08096 |
0.15837 |
|
10 years** |
0.01103 |
0.03281 |
0.06480 |
0.12644 |
|
Select the desired residual value, term and payment frequency. Multiply that factor by the selling price to determine the lease payment. Monthly payments require the first and last two payments in advance. Quarterly, semi-annual, and annual payment plans require one payment in advance. Leases are subject to credit approval. Lease factors are subject to change.
For more information on leasing, please contact the Loan Department at The First Trust and Savings Bank:
815-432-2494 (Watseka Banking Center)
815-694-2329 (Clifton Banking Center)
|
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