Ironwood Finance, providers of unsecured, short-term capital financing for small businesses, today announced a new equipment leasing program. It’s specifically designed for gyms, fitness centers and health club owners who have limited working capital, wishing to reduce cash flow strain and for those interested in taking advantage of tax savings for 2014.

“Since the tax season is around the corner, we want to ensure that our clients are informed about the tax advantages of leasing equipment,” stated Kevin Donahue, founder and CEO of Ironwood Finance. “In many cases, lease payments can be deducted as business expenses on tax returns, reducing the net cost of borrowers equipment lease.”
 
“The main benefit of our equipment leasing program is that it allows borrowers to save their working capital, added Kevin Donahue. “They don’t have to spend a large sum on an equipment purchase, allowing them to save money for business expenses such as acquiring inventory, paying utilities and compensating employees.”
 
Ironwood Finance has the ability to tailor the type of equipment leasing program to meet the unique needs of a gym, fitness center or health club. Its leasing program includes shorter and longer terms, dollar buy-out lease where borrowers “buy” their equipment for just a $1 at the end of the lease, a true tax lease (the best option for equipment that is subject to rapid improvement and advancements), and seasonal payments that are adjusted to accommodate cash flow seasonality.