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Laerdal Simulation Financing Solution

Financing and Lease options to meet your needs

Laerdal has partnered with Blue Street Capital to help reduce one of the major barriers faced by our customers today: the lack of funds. Blue Street Capital has a variety of financing plans that can help you secure funding for your simulation solutions needs today.  Together with Blue Street Capital, Laerdal can help you identify the solutions for your simulation needs and then work with you and Blue Street Capital to find the best financial solution to maximize the benefits of financing and leasing.

Blue Street Capital has developed creative financing and lease options to meet the needs of Laerdal customers that allow them to conserve their cash and working capital, as well as preserve their current lines of credit. In addition, the decision to lease simulation equipment can also result in a variety of tax benefits and deductions.

Blue Street Quote Calculator

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Blue Street Capital Application

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How can Blue Street Capital help?

Blue Street Capital can extend numerous ways to cost effectively finance your simulation needs. Together, we can assist you through all phases of your simulation equipment lifecycle, including assessment, acquisition, utilization, and disposal. Blue Street Capital has the ability to approve a wider range of credits than large banks and capital leasing companies. They can also finance a wider variety of equipment, software, and even services than most other financing institutions. With best-in-class financial options tailored to meet your specific needs, Blue Street Capital has you covered.

Payment terms normally range from two to three years with monthly payments, but we also offer shorter and longer payment terms as well as quarterly, semi-annual, and annual payment plans. Blue Street Capital’s process is quick and convenient with simple one-page lease applications, fast quotes, pre-approvals, competitive rates, preventive maintenance and extended warranty financing, and dedicated, experienced finance professionals assigned specifically to help Laerdal customers.

Financing solutions for your simulation needs

Technology Refresh

Upgrade Equipment

One of the biggest benefits to leasing is the ability to upgrade equipment as needed. The only way to stay on the cutting edge is by adopting new technologies as they become available. Leasing makes this possible without dramatically increasing technology spend.

Financing

Education, Technology, Software and Maintenance

Often, portions of your acquisition, such as software, education and maintenance programs can be difficult for other finance companies to manage. But with Blue Street Capital, they have intentionally created flexible, easy-to-manage payment plans for the services you need to complete even the most complex projects.

Financing FAQs

What can be included in a financing agreement?

One of the advantages of financing is that training, shipping, installation, software and preventive maintenance CAN be financed and included in the financing payments. Unlike loan financing, these costs, also known as “soft costs” can be included in the financing agreement.

What does the financing process look like for a Laerdal customer looking to finance a simulation solution?

  1. Application is submitted
  2. We request any other financial information that is needed
  3. After approval, documents are prepared for signature
  4. After signed documents are received, a purchase order is issued
  5. Equipment is delivered

Do I need to have insurance on the technology or equipment I am financing?

Insurance is required for the duration of the finance agreement.  An Insurance Authorization page will be included with the initial document package.  We can reach out to request the certificates of property and liability on your behalf.  

Can I lease equipment if I have already purchased it?

Yes. This is known as a sale-leaseback. We can consider Sale Leaseback transactions, assuming the purchase took place within 60 days of the approval/review date and funded within 90 days of original purchase date.

Does Blue Street Capital offer working capital options?

Blue Street Capital does offer working capital options.  The overall product structure – $25k to $500k, 1-5 year terms and funding within 7-10 business days.  Please contact us for more details and structure options.

What are some of the main differences between buying technology with cash, loans, or financing agreements?

Payment Type  & Features 
Cash 
Loan
Finance Agreement
Cash Flow
Buying has an immediate impact on cash flow by diminishing cash reserves. Down payment required and loan payments are generally higher than lease payments. No down payment required. Financing usually has less impact on cash flow due to lower payments.
Line of Credit
Liquid assets are depleted and may affect credit. Taps the line of credit. Does not affect line of credit.
Equipment Risk
The owner bears all the risk of equipment devaluation. Obsolescence must be tracked by the owner. The owner bears all the risk of equipment devaluation.  Obsolescence must be tracked by the owner. In many finance agreements, the burden of taxes and insurance is managed by the financier.
Asset Liability
Owners must manage asset liability on their books. Financial accounting requires owned equipment to appear as an asset with a corresponding liability on the balance sheet. Owners must manage asset liability on their books and are required to have equipment appear as an asset with a corresponding liability on the balance sheet. Operating lease assets are expensed. Such assets do not appear on the balance sheet, which can improve financial ratios.
Rate Risk
Cash should be used for income producing investments since you pay with today’s dollars at today’s value. Banks prefer to loan money on a floating or variable rate tied to prime. Rate risk is on the customer, not the bank. Payments are fixed for the finance agreement term. Pay with next year’s inflated dollars – take advantage of inflation.
 Soft Costs
Soft costs such as installation, training can erode cash reserves. Banks rarely finance soft costs. Cash is usually needed. Financing may cover all soft costs including maintenance and software.
Upgrade
Owners must manage disposal/selling of outdated equipment. This can slow down the upgrade process.  Owners must manage the disposal/selling of outdated equipment. This can slow down the upgrade process. Financing allows for easy upgrades or additions and keep the same payment by simply extending the lease term.

 

 

 

What are the benefits of equipment financing?

Here are a few ways equipment financing can benefit your company:

  • 100% Financing. Financing covers 100% of the equipment cost with room to add soft costs including training, installation, and maintenance.
  • No Down Payment. A security deposit equal to two months rental payments is usually all that is required.
  • Possible tax savings*. If a company is in the 34% tax bracket and has a finance agreement with a monthly payment of $500, the payment may be reduced to $330 – that’s a monthly savings of $170 ($500 x 34%) or $2040 annually. *Consult your tax advisor.
  • Flexibility. Customize a lease to fit your particular situation with skip payments or seasonal payments.
  • Use inflation to your advantage. If you pay cash for your equipment, you pay with today’s dollars at today’s value. Through financing, you pay with next year’s inflated dollars, and the next, and the next.
  • Increase profits immediately. 

With financing, you only need to cover the monthly payment for the new equipment to be profitable from the first month. Example of the cost effectiveness of a finance agreement: A monthly payment of $500 divided by 30 days = a daily cost of only $16.67! Divide $16.67 by 8 work-day hours to get an hourly cost of $2.36!

  • Preserve bank credit lines. Financing doesn’t affect your bank borrowing limits. You still have 100% of your credit available.
  • Avoid obsolescence. Upgrade finances are easy with most modern equipment always available.
  • Conserve working capital. Cash isn’t tied up in overhead, it’s free for income producing investments. Financing improves cash flow and does not require a down payment. You can acquire the equipment and software you need without tying up capital with 100% financing. Use your working capital for other areas of your business such as expansion, improvements, marketing or R&D.
  • Financing agreements may have accounting benefits. Monthly payments may be deductible as operating expenses rather than accounting for the equipment as an asset
  • Combine Multiple Vendors: Combine products from multiple vendors into one easy monthly payment.
  • Speed and Simplicity: Financing approvals can be obtained in hours and can allow you to respond quickly to new opportunities with minimal documentation and red tape. With financing, inclusion of your financial statements is generally not necessary if your transaction amount is below $150,000.

What are the tax benefits of financing equipment?

TAX BENEFITS:  The IRS does not consider an operating lease to be a purchase, but rather a tax-deductible expense where the entire payment may be 100% tax deductible. The equipment is not recorded as an asset, nor does it become a long-term liability, and instead can be treated as an off balance sheet operating expense.

Tax treatments are determined by state and the end of term option [Buyout Option].  Documentation fees are taxable in California.  Sales tax will be collected and remitted to each state by Blue Street Capital, LLC.  Sales tax will always be based on the equipment location.