Financing Solutions for Productivity and Profitability
Central States Machinery is proud to partner with Machinery Finance Resources (MFR) to provide machine financing solutions. Unlike most banks that maintain strict credit restrictions, we deal exclusively in equipment financing for manufacturers and have ample credit available. We offer our simple one page "Application Only" program for financings up to $500,000. Backed by more than 75 years of experience, we have the resources and knowledge to help your business develop and expand. When you work with MFR, you're ensured a customized financing solution that meets your specific business needs.
The MFR Advantage
- Simple, Fast, Convenient Process
- Preservation of Bank Credit Lines and Capital
- Fast Track Application good for up to $500,000 | No Financial Statements
- Flexible Payment Options & Terms
- Credit Decision Within Hours
- 100% Financing Options
The Section 179 deduction limit increases to $1,000,000. The deduction phases out dollar-for-dollar from $2.5 million to $3.5 million and is not available for companies purchasing over $3.5 million.
Bonus Depreciation deduction is taken after the Section 179 Spending Cap is reached. Businesses of all sizes will be able to depreciate 100% of the cost of equipment acquired.
The tax deductions are taken the year in which the equipment is financed/purchased and put into service.
Tax situations may differ, please consult with your accountant prior to making any purchases based on tax consequence.