Leasing Services

Community Leasing Corporation, a subsidiary of Community Bank & Trust Co., provides direct lease financing for all types of business equipment including: office equipment, machinery, certain types of vehicles, and construction equipment.

Leasing is a popular financing alternative, which can provide benefits to, and address concerns of, business owners regarding cash flow requirements, and tax issues. Through leasing, you can use the latest equipment in your business without the up-front capital outlay. Fixed monthly payments, with terms negotiated on an individual basis, allow you the ability to plan your business' future cash flow.

Leasing can provide many accounting and tax benefits for your business. Depending on the structure of your lease, you may be able to deduct the payments as a tax-deductible operating expense or deduct the interest that is paid. In addition, leasing may be considered off-balance sheet financing. This means that your borrowing capabilities may not be restricted since leasing equipment may not increase your debt/equity ratio. We recommend that you discuss the impact leasing may have on your business with your accountant.

Lease terms can vary depending on your business needs. Want to find out more about leasing? Contact Joe Muskey at Community Leasing Corporation, 570-586-0377 ext. 412, he can provide you with additional information tailored to your individual needs.