Sodick offers competitive rates and financing packages to fit your needs. We offer low-interest rates and flexible payment schedules. Choose our Simple Interest special where you can make 60 regular monthly payments with no prepayment Penalties, or opt for our Six-Month Skip special where no payment is required for the first six months. Regardless of your choice, Sodick's Financing Programs offer you full ownership and increased flexibility with less money upfront.
Approvals take anywhere from 2 to 24 hours, depending on the complexity of the transaction. Call us today to discuss your financing needs - 847-310-9000 or 866-639-2325 or you can also contact Sr. Account Executive, Glen Mueller from First Midwest Equipment Finance directly at 847-871-4205.View electronic application
Businesses purchasing, financing, or leasing (Capital or $1.00 types) new or used equipment in 2020 can elect to expense up to $1,000,000 this year under IRS Section 179. The Section 179 rules are designed for small companies, so the $1,000,000 write-off is reduced dollar-for-dollar as total equipment purchases exceed $2,500,000 in a calendar year.
In addition to the Section 179 deduction, Bonus Depreciation has been increased to 100% and is now allowed for both new or used equipment that is purchased, financed, or leased (Capital or $1.00 types) and placed into service before Jan. 1, 2021, regardless of the amount of new equipment purchased in a calendar year resulting in huge tax savings for purchases.