The Benefits of Financing with Quest Resources
Five reasons why financing with Quest Resources can be a better alternative to a bank loan for you and your business:
- Convenience and Ease
For most financing requests, Quest can make a decision with just a completed application. Conversely, most lending institutions will require tax returns, financial statements, bank statements and projections. This can take hours to accumulate. Time that keeps you away from your business and being able to generate income. At Quest, most customers will have answers and financing options within 24 to 48 hours.
- Less Risk
At Quest, the only collateral pledged is the equipment being financed. Banks usually require a lien on ALL major assets of the business.
- Smaller Down Payment
Quest does not require a large down payment on the equipment you are financing. In fact, sometimes no money down at all is required. On the other hand, bank loans may require up to a 40% down payment.
Quest gives you more flexible options at the end of the financing. The equipment can be purchased at a pre-set price, fair market value or returned.
- Tax Advantages
Many of our financing options offer you the ability to write off 100% your monthly equipment payments. Bank loans typically only allow you to deduct the interest portion. Ask your accountant about the tax advantages to leasing.