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 payments on your upcoming tax return. 

This information has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, investing or accounting advice. You should consult with your accountant, lawyer or tax advisor before making any business decisions or moving forward with business funding.

  • Application-only for hard collateral up to $500,000
  • Application-only for soft collateral up to $350,000
  • Same-day funding
  • Easy online application
  • All credit considered
  • One-hour approval decisions
  • Simple repayment terms
  • Competitive rates

Do not 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 your existing capital and line of credit for the future. Here at Balboa Capital, our equipment financing solutions are an excellent alternative to a big one-time purchase. You can apply for equipment financing from your computer or mobile device. We keep our application simple and straightforward so you can complete it quickly.

We provide fast credit decisions during our normal office hours, 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.

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