Section 179 and Equipment Financing

Section 179 works with equipment financing as long as the equipment qualifies.

Section 179 and equipment financing: Yes, they work together.

The Section 179 tax deduction is one of the most widely used tax incentives among business owners in all industries. Now that the deduction limit is a generous $1,000,000, capital equipment investing is more popular than ever. If you are looking to acquire new equipment for your business, you might be curious to know if Section 179 and equipment financing work together.

Well, we have some good news. If the equipment qualifies for Section 179, you can write-off your loan payments on your upcoming tax return. You can use the Section 179 tax deduction if your company is set up as a sole proprietorship, partnership, or corporation. Balboa Capital recommends that you contact your accountant or tax professional prior to make sure the equipment you are interested in is eligible for deduction.

  • Same-day funding up to $250,000
  • Easy online application
  • No collateral needed
  • Quick approval decisions
  • Flexible term lengths
  • Simple, fixed monthly payments
  • Competitive rates
  • Potential Section 179 tax deduction
  • A+ BBB rating

Don’t miss out on a nice-sized tax deduction.

Knowing that Section 179 works with equipment financing, it might be time to consider acquiring new equipment, technology, software, or vehicles for your business. However, remember that you can only take advantage of the Section 179 deduction if the equipment you purchase is put into place, and working, on or before December 31, 2021.

Balboa Capital recommends looking at your company’s specific equipment needs and budget in order to determine the best solution.

section 179 and equipment financing

We have money to lend.

If you are ready to move forward with a business equipment purchase, save yourself the hassle of the small business loan process. Here at Balboa Capital, our equipment financing programs are an excellent alternative to conventional bank loans. We have systems in place that provide you with instant quotes and let you apply for equipment financing in just minutes.

We provide one-hour credit decisions, and same-day funding is not uncommon. Do not let your business miss out on some sizable tax write-offs. Put the Section 179 tax deduction – and Balboa Capital – to work for you.

young male cafe worker smiling