A Leading Provider in Equipment Financing

Section 179 at a Glance (updated for 2015)

Section 179 of the U.S. IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Section 179 is an incentive created by the U.S. government to encourage businesses to invest which would in turn stimulate the economy.

The section 179 deduction is available for most new and used capital equipment. You can apply up to $25,000.00 of capital investments to tax code section 179 in 2015. While lower than previous years, this tax benefit is still highly advantageous. The section 179 deduction can also include costs directly associated with the installation of qualifying capital equipment (e.g., installation, training, and delivery).

Stay tuned if the expanded Section 179 limits are restored to higher limits by Congress in 2015.

Companies should consult their tax adviser to confirm eligibility for tax benefits.

Price of Equipment:
First Year Write Off: ($25,000 maximum in 2015)  
50% Bonus First Year Depreciation (currently not available this tax year): $0.00
Normal First Year Depreciation:  
Total First Year Deduction:  
Cash Savings on Your Equipment Acquisition (assuming a 35% tax bracket):  
Equipment Cost after Tax: (assuming a 35% tax bracket):  

DISCLAIMER:  The calculator presents a potential tax scenario based on typical assumptions that may not apply to your business. This page and calculator are not tax advice. The indicated tax treatment applies only to transactions deemed to reflect a purchase of the equipment or a capitalized lease purchase transaction. Please consult your tax advisor to determine the tax ramifications of acquiring equipment or software for your business.  The amount of previous depreciation your company may have used may affect your ability to utilize the elections. Please consult your tax adviser or accountant for additional information. Equipment must be purchased and placed in service by 12/31/15.

People Are Talking…
I certainly appreciate all the effort and hard work that you put into our customers. Your dynamics show us even when the financial situations are shaky that you still come through with positive outcome. Thank you so much for your hard work.

SS, Medical Vendor
Larry, I really appreciate you working so diligently on this lease application and approval. You are a true professional!

P. Bosley, Mgr. Member, Vendor
GFRS has allowed our business the growth we needed and given us an exceptional partner we can count on. Other leasing firms were merely interested in looking for certain numbers to meet in the short term. J.D. Jenks, CEO, understood our business model, why we needed what we needed.

M.C., President
Wound Care Management Company
Judi your email agrees 100% with our discussion yesterday. I appreciate the customer service and you going to some trouble to help us out. That type of service is remembered and appreciated.

G. Duncan, CFO, CPA, CFE
I want to thank you both so much for doing a wonderful job with my customers. You truly go the extra mile to assist them with their financing needs.

CP – Medical Vendor
Just wanted to thank you again! I just picked up five new vehicles from a lease I acquired from your friend! I am so excited! Again I cannot thank you enough for all that you have done for me!

President, Plumbing Company
Not your average lender! Judi and her staff were very professional and prompt in helping us to acquire much needed equipment which will allow us to grow our company. Very fair and willing to work with us through the entire purchase and assured that all vendors involved had fulfilled their orders and met my needs. We look forward to a long and successful partnership with Global Financial.

Richard Pennington, Owner
Pennington Designs
Judi, please accept my thanks to you and the team there for the very nice cookie basket. We received it this morning and it was a big hit with our staff. Your thoughtfulness is much appreciated and admirable. Again, my thanks to you and Larry for the smooth financing transaction we just completed. Have a great weekend. Now I have to go find some milk.

Executive Director,
Surgery Center
Global provided our company with financing resources when every other firm said no. Both Jim and Judi Jenks have been supportive beyond any experience I’ve had with other financing firms, their professionalism and “going the extra mile” for their client was the norm, not the exception. I highly recommend Global for your financing needs as you will be dealing with people who truly practice what they preach.

R. Morris, CFO & Treasurer
SerenaGroup, Inc.
Judi, the thanks is all yours!! You made this happen very smoothly. I am your loyal customer from here on.

IT/Telecom Vendor Sales Rep
It was the best quarter in my 4+ years at XXX!! You guys were a BIG part of it!! Thank You!!!

J, Medical Vendor
Sweet! Thank you so much for all of your help and incredible speed. I just wanted to tell you that this new piece of equipment will be a game changer for my business. No one within 250 miles of me has one. I will crush my competition!
D. Williams, Owner
Discovery Ultrasound
Judi, thanks for your support. We are building something here and having folks like yourself on our side makes all the difference!

Malcolm, President
Specialty Contracting Company
Thank you, Judi, you are the best ... So understanding of the complexities of this crazy industry and compassionate enough to work with people in difficult circumstances, there is a special place in heaven for you and Jim.

JH, Medical Vendor Rep
I sincerely appreciate your response on this holiday weekend. You’re a true professional and your dedication with assisting clients has always been honorable. May the remainder of your weekend be enjoyable!

Office Manager, Podiatrist