When you need new equipment, facilities or vehicles to make your business operate better, sometimes buying isn’t the best option. There are many benefits to leasing through State Bank of Cross Plains: 

Business benefits of leasing

  • Better, more innovative equipment
  • Faster approval than purchasing, between 24-48 hours

Woman running her small business One of the biggest expenses many business have to deal with is the cost of leasing space for their business. Getting familiar with what the lease covers and which sections are negotiable can save you money and frustration. Here are important factors to consider when considering your space needs. Read more about leasing space for your business »

Financial benefits of leasing

  • Get the full value of the equipment without the full price
  • No down payment
  • Take advantage of timely deals
  • Reduced maintenance costs
  • Customized payment schedules to match cash flow patterns
  • Balance sheet improvements 

Tax advantages of leasing

  • Expense deduction benefits
  • Extra benefit for year-end acquisitions due to IRS depreciation deduction rules*

Fleet of work vehiclesWhen choosing a leasing partner, compare more than interest rates. Ask yourself if you’d like to purchase the equipment at the end of the lease, as not all banks offer this option. Do you want a lease that doesn’t appear on your balance sheet and instead is treated as a business expense? What kind of payment plan is best for your type of business—seasonal, monthly or something else? 

State Bank of Cross Plains offers a multitude of options and competitive leasing rates. We can fulfill all your leasing needs, no matter how large and complex. 

Learn more by exploring our FAQs or contacting a leasing agent today. 


The IRS isn’t specific on what differentiates a true lease from a conditional sale. Each case is decided based on its own circumstances. Generally, a transaction is considered a true lease if you follow a few simple guidelines. The following points are not necessarily a comprehensive listing of IRS guidelines for leasing, but will provide a general idea of the areas looked at in determining whether a transaction is a lease rather than a conditional sale. 

  • The term of the lease shouldn’t be longer than the property’s economic life 
  • Your lease payments can only amortize the value of the equipment that is actually used, not necessarily its total value. The leasing company needs to demonstrate an appropriate level of risk for the property from the beginning to the end of the lease
  • If you decide to buy the equipment at the end of the lease, you can’t pay less than its fair market value
  • The leasing company must expect a financial return from the lease beyond the inherent tax benefits of ownership
  • You may not loan the leasing company the funds or guarantee the debt used to acquire the leased equipment

For more information on leasing or any Business Leasing needs contact us today. Call (855) 256-7328