A derivative form of lease financing, this type of arrangement requires the borrower to sell valuable, fixed assets, such as equipment or facilities, to a financier who then leases the asset back to the seller. The sale generates cash to the small business for short-term needs, allows continued use of the asset, and creates a tax deduction for rental expense. A purchase option at the end of the lease period allows the original owner to reacquire title to the asset at a later date.
Sale Lease Backs are offered by these branches: Illinois, Florida, England