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ABOUT CASTLETON CAPITAL Castleton Capital is family owned and operated and is the oldest and largest beauty industry finance company in the United States today. We have recently expanded our Florida office and created satellite offices in North Carolina, Minnesota and New York. Our offices are equipped with state of the art technology and knowledgeable professionals with over 100 years of lending experience in the beauty industry. Our goal is to provide easy, quick and stress-free financing solutions, enabling you to concentrate on developing your business and work with Minerva Beauty to select the equipment you desire.
BENEFITS OF LEASING
Financing through Castleton Capital has many benefits…
Convenience and Ease
We can approve the customer for up to $100,000 with only an application. In most cases, banks will require customers to submit corporate tax returns for three consecutive years. It is a fact that up to 90% of small businesses would not qualify for a bank loan because they fail to show profits. Leasing is quick and easy. Most customers will have an answer within 24 hours.
Less Risk
The only collateral pledged in an equipment lease is the leased equipment. Most banks require the security of a major asset (personal residence, building, business etc) when obtaining a bank loan.
Smaller Down Payment
Leasing does not require a large down payment, while conventional bank loans may require up to 40% of loan amount.
Flexibility
Leasing affords you flexible options at the end of the lease. The equipment can be purchased at a pre-set price, fair market value or returned.
Tax Advantages
Leasing offers the ability to write off your lease payments. Depending on your lease option, you may be able to deduct your lease payment as an expense. A bank loan does not offer this feature.
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