Tax Incentives Available

Cash is King! And, we understand how important the proper management of cash flow is to your business. There are a variety of ways you can get the machinery you need to grow your business, whether you lease, use a bank, or buy outright with cash.

As your trusted advisor, we would enjoy the opportunity to review our solutions, financing options, and tax incentives you may want to explore with your tax accountant. We are here to partner with you through the entire process.

Buying with a Bank

If you already have a great working relationship with a bank, you may choose to finance your new equipment by taking out a loan with your bank.

Get Pre-Approved

You may choose to apply for a loan through your bank before you begin shopping. With pre-approval in hand, you’ll be able to make your purchase on the spot.

Relationships with Bank

You may already have a relationship with a bank because the business has worked with them for years or you’ve taken business loans out with them previously. Taking out another loan with the bank may be easier because of this. You might find that qualifying for financing is easier because of the working relationship you have with the bank.

Possible Lower Lifetime Cost

If you have a good relationship with the bank, and you’ve taken loans out with them before, not only may it be easier to qualify for another loan, but you may get a better interest rate. This equates to the potential for not only a lower interest rate, but lower payments or a shorter loan term.

No Collateral Needed

You may find that, because the equipment you’re investing in can be used to secure the loan, you may not need to provide collateral for the loan.

No Buyout at the End of the Term

Again, because the loan is secured by the equipment, the business won’t need to worry about buyout at the end of the term. You won’t need to worry about returning the equipment after a certain period of time.


Leasing the equipment you need through Park Industries® is a great option for a variety of reasons.

Preserves Working Capital

Leasing requires little or no cash outlay. You may also be provided 100% financing.

Preserves Lines of Credit

When you decide to lease, you don’t have to worry about your organization’s line of credit. Leasing will not have an impact on the availability of your organization’s credit.

Fixed Payments

When you decide to lease equipment with Park Industries, you can count on fixed lease payments. They’ll be fixed for a specific period of time, and you won’t need to worry about annual adjustments.

Flexible Terms

Leasing with Park Industries means that lease terms can be structured to meet your individual needs. We offer $1 buyout options, step payment plans, 60- and 90-day deferred payment plans, a capped FMV Option Lease, fixed purchase options, and tax leases. 

Tax Benefits

When you lease business equipment, businesses may deduct the cost as a necessary business expense and receive tax benefits.

Paying Cash

If you don’t want to take out a loan with your bank or finance through Park Industries®, you always have the option of paying upfront with cash.

Saves Money on Interest

When you buy a machine on the spot, you don’t need to worry about paying extra interest fees. You’ll only be paying for the cost of the machine and taxes. This will save you money.

Free Up Credit for Other Uses

Because the machine is paid for, you don’t have to worry about freeing up credit for other large purchases.

Instant Ownership

When you pay on the spot, you’ll own the machine immediately. No need to concern yourself about leases, loans, or contracts. The equipment is yours.

Tax Benefits

Come tax season, you’ll receive a tax benefit for purchasing the machine, as it is considered business equipment.

Stay on Budget

Because you are paying upfront, and you don’t have to worry about interest, you may find that it’s easier to stay within your budget.



Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.

Calculate What you Could Save with Section 179!

Deduction Limit = $1,000,000

This deduction is good on new and used equipment, as well as off-the-shelf software. The equipment must be financed/purchased and put into service by the end of the year.

Spending Cap on Equipment Purchases = $2,500,000

This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis.

Bonus Depreciation: 100%

Bonus Depreciation is generally taken after the Section 179 Spending Cap is reached. Note: Bonus Depreciation is available for new equipment only. The bonus depreciation will phase down to 40% in 2018 and 30% in 2022.

The above is an overall, “simplified” view of the Section 179 Deduction. As with any major tax deduction, the effect on – or benefit to – your company depends upon many factors.

Park Industries® and its associates do not provide tax advice. As always, please consult with your tax advisor regarding your individual situation.

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