Fast. Easy. Financing.
We’ve partnered with Geneva Capital to give our customers fast, easy, and convenient financing. Our strong relationship with Geneva Capital, or our lender, delivers low interest rates, flexible financing terms, and affordable payment plans on equipment purchases. Best of all, SDS Automation equipment purchases can be bundled with equipment from other suppliers into one, turn-key finance package:
- Financing and leasing up to $1.5 million
- Application-only up to $250,000
- $0 down and deferred payment options
- Fast credit decisions & broad terms
- Potential tax savings
Plus: Our 100% financing program enables you to bundle expenses such as shipping, tax and more. This means you may avoid out of pocket expenses.
Questions? Call
303-798-7110 x203
Fast. Easy. Financing.
Bank Loan
- Often Requires Downpayment
- Reports to Personal Credit
- Requires Other Collateral to Secure
- Financial Information is usually Required
- Long Approval Process
SDS Financing
- Business Financing
- Competitive Financing Options
- Does not Report Debt to Personal Credit
- The Equipment is the Collateral
- Financial Information usually not needed if the request is under $250,000
Loan Broker
- Generates Multiple Credit Inquiries
- Often Has Higher Interest Rates
- Often Reports to Personal Credit
- Often Requires Additional Collateral
Note: Financing based on credit approval. Neither Geneva Capital nor SDS, INC. is the agent of the other. Geneva not being the manufacturer, seller or distributor of the property being financed, makes no representation or warranty concerning it. Consult your tax advisor regarding tax incentives and the specific impact to your business. Loans made or arranged pursuant to a Financing Law license.
Section 179 Deduction
Tax provisions accelerate depreciation on qualifying equipment, office furniture, technology, software and other business items. Qualifying businesses may deduct a significant portion, up to $1,220,000 in 2024 (to be adjusted for inflation in future years). There is a dollar-for-dollar phase out for purchases over $3.05 million, meaning when purchases are greater than $4.27 million, you will not receive this benefit intended for small to mid-size businesses.
For 2024, bonus depreciation drops to 60% on qualifying assets. Consequently, Section 179 may help bolster your bottom line, enabling you to garner the benefits of new equipment and technology that can help grow your business.
Frequently Asked Questions About Section 179 Tax Incentives:
Why was Section 179 created?
Section 179 was created as part of a government stimulus act to encourage small businesses to invest in their growth by providing accelerated depreciation and tax deductions on qualifying business purchases.
What is the 2024 Annual Deduction Limit?
For 2024, the maximum amount you may elect to deduct is $1,220,000 on qualifying property purchased and placed into service during the 2024 tax year. If your purchases exceed $3.05 million, the deduction amount will be reduced dollar for dollar equal to the amount over $3.05 million.
What is Bonus Depreciation?
Bonus depreciation allows qualifying businesses that spend more than the 2024 Section 179 limit to depreciate up to 60% on the remaining purchase amount. Bonus depreciation is very useful to companies that spend more than the allowed $3.05 million in a tax year. After Section 179 deductions are taken by a small business, bonus depreciation may be applied to further accelerate depreciation.
What types of purchases qualify for Section 179?
Purchases of business equipment, office furniture, computers, software and technology as well as many other business assets qualify for Section 179.
Can you apply the Section 179 deduction and/or bonus depreciation to financed equipment?
Yes! For eligible companies, choosing to finance your purchase of equipment can help your company save when the finance agreement enables you to take advantage of Section 179! Talk to your tax advisor and finance manager to determine the type of financing that best suits your company’s unique tax needs.
How do I take advantage of the Section 179 Deduction?
If your company and the assets qualify, fill out applicable parts of IRS Form 4562 and include it with your tax filing.
To elect the Section 179 tax deduction, qualifying assets must be purchased and put into service during the tax year for which you are electing the deduction.