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Partner with a Leading Finance Company Ascentium Capital LLC The Strength of Ascentium Capital Ascentium Capital’s employees are deeply invested in the needs and successes of our customers. The company has an executive management team that brings over 25 years of expertise. This, combined with a specialized sales and service professionals, allow us to serve small businesses to Fortune 500 companies by providing equipment financing, leasing and business loans to equipment manufacturers and distributors as well as direct to businesses nationwide. • • • Over $1 billion in funded transactions since 2011 5th largest private-independent finance company by volume A Monitor 100 Company Senior class of notes rated Aaa by Moody’s Sharing Successes Much of the success that companies can capture with financing is based on Ascentium’s extreme flexibility. Organizations have access to affordable financing enabling them to finance nearly anything for their business. Financing & Leasing up to $1.5 Million Line of Credit up to $250,000 Working Capital Loans up to $100,000 Most credit decisions within 2 hours Simple documentation Financing for equipment, technology, vehicles & more! Community Involvement In addition to serving the financial needs of customers, Ascentium also focuses on improving local communities. This has led to active involvement in fundraising efforts that assist youth clubs, families in transition, as well as education-based initiatives including a four-year scholarship for public school students. For more information about Ascentium, please visit AscentiumCapital.com. Contact us to learn more: Stephen Kielty Regional Sales Manager W: 281.902.1421 F: 281.921.3521 M: 949.647.2486 [email protected] Financing based on credit approval. AscentiumCapital.com 2006-201400407 ©2015 Ascentium Capital LLC, 23970 Highway 59 N Kingwood, TX 77339 Lease Financing Versus Bank Financing Rate Structure: Banks prefer to loan long-term money on a floating or variable rate tied to prime, or other indices. This places rate risk on you instead of the bank. Lease rates are fixed for the term of the lease. Soft Costs: Soft costs such as sales tax, shipping, installation, training and software generally are not financed by a bank. Leasing may cover 100% financing so you avoid substantial out of pocket costs. Down Payment: Banks typically require 20% - 30% down on equipment financing due to concerns about exposure and risk (e.g. retention of working capital). You also lose interest that you would earn on your money if you had not put it down as a bank loan. Leasing is 100% financing and advance payments are applied to the term. Compensating Balances: Most banks require that you maintain certain minimum balances for the lowest rate. The consequence of this is if you maintain certain balances that they pay no, or low, interest, this inflates the bank’s actual yield above your loan interest rate. This also ties up working capital. Leasing has no such requirement. Restrictive Covenants: Many bank loans contain restrictions and covenants, such as maintenance of certain financial ratios, salary restrictions and restrictions on future debt. Also, “Call” provisions that banks may incorporate for their right to demand early payoff for reasons you cannot control. Leasing has none of these provisions. Revolving Loans: Banks prefer to classify loans as “revolving”. This gives them the ability to extend or cancel the loan on a yearly basis. This means annual submission of Financial Statements for approval. This loan is now a current liability, which negatively impacts your financial ratios. Leasing is fixed long term financing. Blanket Lien on Business: Banks seek a security interest in your company’s assets (presently owned and acquired in the future) and perfects by publicly filing a UCC financing statement. This ties up your assets, including inventory and receivables. When leasing, a UCC is filed only on the leased equipment. Disclosure: Banks often want a full financial package to make their credit decision. Leasing and the App-Only program requires a one page application for up to $250,000. Lending Limits: Banks establish maximum borrowing limits for a company and generally the principals. This restricts future borrowing. Leasing offers a multitude of lending options in addition to your bank lending options. Credit Review: A bank’s credit review can be long and tedious. Leasing may take less than 24 hours for an approval. Tax Write-Off: Bank financing makes you the owner of the equipment, so the only tax advantage is depreciation and interest. Lease payments may be 100% deductible or the equipment may be eligible for accelerated depreciation depending on the lease. Please contact your tax advisor for specific tax information. Contact us to learn more: Stephen Kielty Regional Sales Manager W: 281.902.1421 F: 281.921.3521 M: 949.647.2486 [email protected] Financing based on credit approval. www.AscentiumCapital.com 2007-201400407 ©2014 Ascentium Capital LLC, 23970 Highway 59 N Kingwood, TX 77339