Notice - the Fitzgerald Group, LLC will NOT participate in the US government's proposed
Central Bank Digital Currencies (FedNow) program. All transaction funds will be in US Dollars only!
The Fitzgerald Group encourages you to work with your Tax Counselor to get applicable and accurate figures for your business.
New and Used Equipment Financing
Only available for Fitzgerald Group Customers in the US & CA
Available for ALL of our Selected Partner Solutions.
It's all about YOUR Freedom to choose.
Welcome to Fitzgerald Group, LLC Commercial Finance. Here you can get an instant equipment lease quote, compare monthly payment plans, and apply for an equipment lease or loan all in less than 90 minutes. Best of all it’s free! Fitzgerald Group, LLC is not a lender but has partnered with the leading finance companies in the marketplace to provide competitive rates across a large spectrum of financial needs. Even if your business is too young to qualify for financing, don’t worry, we'll refer you to someone who can help review alternative sources of financing. So get an instant equipment financing quote and get started today! There is no impact on your credit and you’ll be able to choose the best payment plan, complete your application, and receive the financing you need today.
Don't let the Financing Deals influence your Equipment choices. Keep your Independence.
Bank Loans vs. Equipment Financing / Leasing
What is the difference between a Bank Loan and Equipment Financing / Leasing? A Bank Loan is the borrowing of money, while Equipment Financing / Leasing is term debt used for specific equipment utilized by your business. Own it in 1 to 5 years, keep it, trade up to the latest or walk away - it's your call.
Bank Loans:
* Rates are usually floating based on prime - which is headed up.
* Banks generally lend only a portion of the equipment costs (60% to 80%).
* Banks will use fees to boost their rates (Originating and Lending fees, etc.).
* Banks are less flexible than a Lease company & will need a full financial package (way too many questions).
Equipment Financing / Leasing:
* Rates are fixed for the term of the Lease, allowing you to budget cash flow. 1 to 5 years.
* 100% Financing (including all soft costs, like shipping, training & installation).
* Most applications fall under our "Application Only Program" (no need for your full financials).
* Conserve your working capital or your Bank line for revolving expenditures (Lumber & Receivables **).
** If you're growing and your receivables are holding you back - we can arrange the Financing of your Receivable at a very reasonable cost, just call and ask.
Bank Loans:
* Rates are usually floating based on prime - which is headed up.
* Banks generally lend only a portion of the equipment costs (60% to 80%).
* Banks will use fees to boost their rates (Originating and Lending fees, etc.).
* Banks are less flexible than a Lease company & will need a full financial package (way too many questions).
Equipment Financing / Leasing:
* Rates are fixed for the term of the Lease, allowing you to budget cash flow. 1 to 5 years.
* 100% Financing (including all soft costs, like shipping, training & installation).
* Most applications fall under our "Application Only Program" (no need for your full financials).
* Conserve your working capital or your Bank line for revolving expenditures (Lumber & Receivables **).
** If you're growing and your receivables are holding you back - we can arrange the Financing of your Receivable at a very reasonable cost, just call and ask.
Making Equipment Financing FAST, EASY and FREE. Just click below to get started.
* Instant Quotes – No Waiting Competitive Quotes from Leading Lenders.
* Pre-Qualified Application - Answers in less than a day in most cases.
* Soft Credit Pull – No Impact on Your Credit.
* You're in Control – No Sales Reps.
* Great Customer Service for Tough Credit - No Obligation to Apply.
* Instant Quotes – No Waiting Competitive Quotes from Leading Lenders.
* Pre-Qualified Application - Answers in less than a day in most cases.
* Soft Credit Pull – No Impact on Your Credit.
* You're in Control – No Sales Reps.
* Great Customer Service for Tough Credit - No Obligation to Apply.
Section 179 for 2024 and beyond.
Understanding the Section 179 Deduction:
The original target of this legislation was much-needed tax relief for small to medium-sized businesses. Fundamentally, Section 179 of the IRS tax code authorizes businesses to deduct the full purchase price of qualifying equipment purchased or financed during the current tax year. Meaning, if you buy (or lease) a piece of qualifying equipment, you may be eligible to deduct the FULL PURCHASE PRICE from your gross income. Depending on the property involved, to fully depreciate the cost could take anywhere from three to twenty years. Section 179 allows your business to accelerate growth by rewarding those willing to invest in themselves.
Qualifications for Section 179:
Small to Medium sized businesses that purchase, finance, or lease new or used business equipment during the 2024 tax year may qualify for the Section 179 Deduction. Most tangible goods used by American businesses, qualify for the Section 179 Deduction. In 2024, building improvements such as roofs, HVAC, fire protection systems, alarm systems and security systems became eligible as well. For basic guidelines on what property encompasses the Section 179 tax code, please contact your tax advisor. Also, to qualify for the Section 179 Deduction, the equipment purchased or financed must be placed into service between
Section 179 at a Glance:
* 2024 Deduction Limit
This deduction is good on new and used equipment (as long as it’s new to the purchaser). To take advantage of the deduction in the tax year 2024 the equipment financed or purchased must take place and be put in use between January 1, 2024, and the end of the day on December 31, 2024+.
* 2024 Spending Cap on equipment purchases.
Once your company reaches the maximum dollar amount allowed on equipment the Section 179 Deduction available to you begins to reduce on a dollar for dollar basis. This spending cap makes Section 179 a true "small business tax incentive" because larger businesses that spend more than $2.6 million on equipment start losing the deduction.
* Bonus Depreciation: 100% for 2024
Previously bonus depreciation was cut off at 50% for only new equipment. Recent modifications to the existing tax rules now allow all businesses to deduct 100% of new or used tangible personal business property that have a useful life of 20 years or less.
2024 Section 179 Example Calculation
Financing and Leasing Equipment with Section 179
Combining the Section 179 Deduction with an Equipment Lease might be the most profitable decision your business will make this year. How? Because in most cases the taxes dollars saved with the deduction will exceed your cash outlay for the year when you combine (I) a properly structured Equipment Financing package and (II) take full advantage of the Section 179 deduction.
It is a bottom-line enhancement tool that allows you to add new equipment to your business, and conserve the most valuable resource, CASH.
* * We strongly advise our customers to speak with their Tax Accountant or Tax Advisor regarding how this information applies directly to your new and used equipment purchases.
Understanding the Section 179 Deduction:
The original target of this legislation was much-needed tax relief for small to medium-sized businesses. Fundamentally, Section 179 of the IRS tax code authorizes businesses to deduct the full purchase price of qualifying equipment purchased or financed during the current tax year. Meaning, if you buy (or lease) a piece of qualifying equipment, you may be eligible to deduct the FULL PURCHASE PRICE from your gross income. Depending on the property involved, to fully depreciate the cost could take anywhere from three to twenty years. Section 179 allows your business to accelerate growth by rewarding those willing to invest in themselves.
Qualifications for Section 179:
Small to Medium sized businesses that purchase, finance, or lease new or used business equipment during the 2024 tax year may qualify for the Section 179 Deduction. Most tangible goods used by American businesses, qualify for the Section 179 Deduction. In 2024, building improvements such as roofs, HVAC, fire protection systems, alarm systems and security systems became eligible as well. For basic guidelines on what property encompasses the Section 179 tax code, please contact your tax advisor. Also, to qualify for the Section 179 Deduction, the equipment purchased or financed must be placed into service between
Section 179 at a Glance:
* 2024 Deduction Limit
This deduction is good on new and used equipment (as long as it’s new to the purchaser). To take advantage of the deduction in the tax year 2024 the equipment financed or purchased must take place and be put in use between January 1, 2024, and the end of the day on December 31, 2024+.
* 2024 Spending Cap on equipment purchases.
Once your company reaches the maximum dollar amount allowed on equipment the Section 179 Deduction available to you begins to reduce on a dollar for dollar basis. This spending cap makes Section 179 a true "small business tax incentive" because larger businesses that spend more than $2.6 million on equipment start losing the deduction.
* Bonus Depreciation: 100% for 2024
Previously bonus depreciation was cut off at 50% for only new equipment. Recent modifications to the existing tax rules now allow all businesses to deduct 100% of new or used tangible personal business property that have a useful life of 20 years or less.
2024 Section 179 Example Calculation
- Equipment Purchases: $1,250,000
- First year write off: $1,050,000 (maximum write off amount in 2024)
- 100% Bonus 1st Year Depreciation: $200,000 (updated to 100% via Tax Cuts & Jobs Act)
- Total First Year Deductions: $1,250,000 ($1,050,000 + $200,0000)
- Cash Savings: $437,500 ($1,250,000 x 35% assumed tax bracket)
- Equipment Cost after Tax: $812,500 (assuming a 35% tax bracket)
Financing and Leasing Equipment with Section 179
Combining the Section 179 Deduction with an Equipment Lease might be the most profitable decision your business will make this year. How? Because in most cases the taxes dollars saved with the deduction will exceed your cash outlay for the year when you combine (I) a properly structured Equipment Financing package and (II) take full advantage of the Section 179 deduction.
It is a bottom-line enhancement tool that allows you to add new equipment to your business, and conserve the most valuable resource, CASH.
* * We strongly advise our customers to speak with their Tax Accountant or Tax Advisor regarding how this information applies directly to your new and used equipment purchases.
