Bancroft Leasing

Founded by Charlie Bancroft in 1977, Bancroft Leasing is known as AG LEASE to the world of agriculture. AG LEASE continues to be the AG equipment financing choice for successful farming operations throughout the United States from the Carolinas to California. AG LEASE can lease virtually any new or used AG equipment, from A erators to Z ucchini harvesters. Recently, we met the challenge to lease a fence for a Texas cattle rancher, so challenge us! AG LEASE is prepared to lease any AG equipment needed in your crop production and harvesting operations as well as metal buildings, grain storage bins, feed hoppers, fertilizer tanks, farm vehicles-- and processing systems, such as but not limited to; milking parlors, egg processing systems, cotton ginning equipment, cattle feed systems, and waste disposal systems. You select and order your equipment, and AG LEASE provides the financing. AG LEASE can customize your lease structure to meet your harvest cycle, your cash flow, and your tax requirements. We will work with you and your CPA or your tax advisor to design a lease to meet your specific needs. Family owned & operated, we will work hard to get you the best terms possible!

Why Lease?

If you are looking to acquire new equipment or upgrade current equipment, leasing has many financial and tax advantages. Here are just a few benefits to consider when you are looking for financing. Leasing requires little to no down payment. One of the greatest advantages of leasing is that it offers fairly minimal upfront costs. Most traditional financing options may require a substantial down payment. Depending on the lease terms, there may be no down payment, one advanced payment, or a small percentage of the equipment cost. Leasing conserves your working capital and preserves your existing credit lines. Because of the sizable amount of cash required to purchase new equipment, many farm operations lease equipment to conserve capital and keep existing bank credit lines available. Leasing allows 100% financing. Traditional methods of financing usually do not include "soft" costs such as installation and freight. A good lease transaction includes both of these, thereby allowing you to finance the total package. Leasing offers lower fixed payments to reduce crop harvest cycle costs. This is due to the tax benefit transfer and residual. Payments on a lease are fixed for the entire term of the lease. This is a distinct advantage in times when many financing transactions have annual adjustments on interest rates. Knowing in advance what your payments will be enables you to budget and manage equipment dollars for a long time. Leasing offers longer terms. In lease arrangements, terms are typically up to 84 months. Depending on the equipment, terms may be extended to even ten years. Many payment structures are available including monthly, quarterly, semi-annual, annual, etc. Leasing is flexible and convenient. Leasing provides greater structuring flexibility to fit your cash flow needs. In addition, lease payments can be arranged to match seasonal business and to match earnings generated by the equipment. The variables in a lease, such as advance payments, harvest

terms, and purchase options, can be customized to meet your objectives. Also, special lease programs are available. Leasing offers tax advantages. Leasing can lower your tax burden. Depending on how your lease is structured, you may be able to claim the lease payments as a business expense, reducing your taxable income and ultimately your tax liability.