Equipment Leasing Company Connects Small Business Owners with Capital

WB FINANCIAL launches new website, empowering small business owners with access to equipment financing options and working capital.

Garden Grove, CA (I-Newswire) January 14, 2013 - The Taxpayer Relief Act of 2012 extended current IRS Section 179 limits, allowing business owners to immediately depreciate newly purchased business assets in the year they are placed in service, rather than over time. These fixed assets may include equipment/machinery, computers, and furniture used for business purposes. While the asset(s) must be placed in service during the year the deduction is claimed, business owners have the option of leasing or financing the equipment over time, while still enjoying immediate tax savings.

"The extension of the current Section 179 limits means that business owners have one more year to upgrade aging equipment with maximum tax benefits," says Nicholas Fitch, Director of Finance for WB FINANCIAL, a full service equipment leasing company. "Business owners can immediately depreciate up to $500,000 in qualifying assets in both 2012 and 2013 and enjoy 50% bonus depreciation on amounts from $500k-$2MM."

The tax advantages afforded by IRS Section 179 cannot be ignored, but what happens if your business doesn't have the extra capital to acquire new equipment? "Consider equipment leasing and financing options," says Fitch. His company, WB FINANCIAL, recently launched a new website to connect small business owners with equipment financing options and working capital loans. The "Business Finance Portal" provides financial information, industry news, and an equipment lease calculator which allows business owners the opportunity to get an instant financing quote. "The equipment leasing and financing options provided by WB FINANCIAL allow business owners to acquire needed equipment, with a minimal cash outlay", Fitch added.

The new website showcases WB FINANCIAL's position as an informative resource in a complicated finance industry. The website features social media integration and the ability for business owners to reach out across several different social media platforms to gain access to the real time financial information they need. "Our strategic lending relationships and unprecedented access to capital allows us to do deals others can't", says Warren Emard, Senior VP of Credit for WB FINANCIAL. "Business owners should understand that capital is still accessible through established equipment leasing companies, even when banks have tightened up commercial lending or restricted it completely."