Buying Equipment in 2012? Take advantage of tax savings with Section 179

Need equipment?  Need to save money?  The U.S. government wants to encourage businesses to buy equipment for their businesses.  That’s right! And the IRS tax code permits businesses to deduct up to $139,000 of the full purchase price of qualifying equipment (and in some cases software) financed, leased or purchased up to $560,000 during the 2012 tax year. You can deduct up to $139,000 from your gross income.How much equipment are you planning to purchase this year?  $560,000 is the most equipment you can purchase, finance, lease or purchase under Section 179.  $139,000 is the 2012 maximum deduction allowed.  As a bonus, if you finance, lease or purchase more than $560,000 in new equipment, a Bonus Depreciation amount of 50% is allowed.  Unlike traditional depreciation methodologies, Section 179 allows business owners to write off on their tax return the entire amount of their equipment purchases in 2012 up to $139,000. The goal of Section 179 is to have businesses buy more equipment now to help move the economy along faster along with the business owner’s business.

For more information on Section 179 tax savings, please consult our website: What is Section 179?

For all of your financing or leasing needs, call US Capital at 866-590-8506.  We look forward to hearing from you!

Chicago® & United States Capital Corporation Announce Financing Partnership Anniversary

We are pleased to announce our one year financing partnership anniversary with Chicago Dryer.

“For over 100 years, Chicago has specialized in designing and building systems to feed, dry, iron and fold washed sheets, pillowcases and table linen, as well as tumble dried towels, blankets, patient gowns, scrubs and specialty items: says Bruce Johnson, Chicago President.  “We are one of the few finishing equipment manufacturers in the world that designs and fabricates its own products, including electronic controls.  Having a partnership with US Capital allows us to offer powerful financial programs to our customers that will enable them to purchase our equipment and invest in their companies using a variety of cost-efficient plans.

John Hofmann, CEO of US Capital says: “We are proud to have been selected by Chicago as they are one of the industry’s true leaders.  The pairing of Chicago’s outstanding product lines and professionalism with our solid experience in providing financing to the commercial laundry and dry cleaning industry is an exciting opportunity for us”.

For all of your financing or leasing needs, call US Capital at 866-590-8506.  We look forward to hearing from you!

US Capital recognizes Chris Michalek for 5 years of service

 

US Capital CEO, John Hofmann congratulates Chris Michalek for 5 years with the company.

US Capital is pleased to celebrate the 5 Year anniversary of Chris Michalek!  Chris is Senior VP, Operations for US Capital and is responsible for ensuring the continued growth and development of the company’s vendor program and direct origination segments through continued bank diversification. Chris brings over five years of experience facilitating financing for all credit profiles.

Prior to joining US Capital, Chris was responsible for architecting, growing and ensuring consistency of enterprise corporate web hosting environments for Fortune 500 firms.  Chris earned a BBA from the University of Illinois in Management Information Systems.

“Chris is a valuable member of the US Capital team and we look forward to working with Chris for many more years,” stated John Hofmann, CEO. “Chris’ dedication and level of service are demonstrated every day as he maintains and builds relationships with vendors and customers.”

 

Anixter Chooses US Capital Corporation as Their Preferred Leasing Partner

 

CRYSTAL LAKE, Ill. June 21, 2012 – United States Capital Corporation, provider of innovative commercial equipment financing and leasing solutions to businesses, is pleased to announce that Anixter has chosen US Capital to be its preferred leasing partner to offer innovative financial products to their customers in North America.

Anixter is the world’s leading distributor of communication products, electrical and electronic wire and cable and a leading distributor of fasteners and other small components. This publicly traded company provides over 450,000 products to its diverse customer base through a network of 225 strategically located distribution facilities worldwide. “Having innovative financing and leasing programs is an important component of our customer experience because it offers flexibility for businesses to grow in these challenging times.” said Steve Balk, Anixter’s Vice President of Global Shared Services. “By having these leasing solutions for our customers, we can better help them focus on making relevant purchasing decisions around topics which matter most ─ technologies, applications, and deployment considerations.” With annual sales exceeding $6 billion, Anixter serves over 100,000 customers in over 50 countries.

“US Capital is proud to support Anixter’s sales efforts by providing a variety of financial products including commercial equipment leasing” says John Hofmann, CEO of US Capital. “Since its founding in 1957, Anixter has had one common mission, which is to provide customized solutions that meet their customers’ diverse needs. US Capital has a similar mission, which is to provide a variety of custom financing solutions to help our customers achieve their growth objectives. Financial products are an important contributor to those objectives in any economic environment; today more than ever.”

Since 1989, US Capital has been providing businesses with the financing they need for the equipment they want to operate their business. US Capital also provides custom finance programs to help companies sell their equipment to their customers.

 

“Extreme Laundry Makeover”…A Coin Store Renovation

A Coin Store Renovation by Caldwell & Gregory, financed by US Capital…

This location was a coin laundry for years with tight aisles and poor maintenance. The equipment was a mix of multiple brands and the interior was dark and dirty. Here are some pictures of the location before the renovations were started. Sunny & Andy Zheng had the vision and desire to re-open the laundry store near their Hunan East Chinese Restaurant in the same plaza.

The store has a balanced mix of 18lb, 30lb, 40lb and 60lb washers matched to 30lb and 45lb stacked dryers. The store is fully attended offering drop off service, soap & soda vending and a bill changer. There are wide aisles, nice seating areas and plenty of folding space with carts.  There is plenty of parking and is now a bright store with large windows and extra lighting.

Check out the video here: Silver Hill Laundry

Call Malcolm Caldwell at 1-800-670-7599 for more information or if you are ready to transform an old run down coin laundry into a modern business.

 

 

 

 

 

 

 

How can US Capital help you finance your next project?  If you have financing or leasing needs, please contact us via phone: (866) 590-8506 or on the web at www.uscapcorp.com.  We look forward to hearing from you!

 

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