Bringing Advantageous Equipment Finance Solutions to our clients with Integrity, Depth of Knowledge and Speed.

A premier finance company, KLC Financial, Inc. was founded in 1987. Headquartered in Minnetonka, MN, we lease and finance capital equipment and assets for businesses nationwide. KLC Financial is built on strong relationships with our customers, vendors and bank partners. Our mission is to bring advantageous equipment finance solutions to our clients with integrity, depth of knowledge and speed. This is achieved through our ongoing vision to bring expertly constructed flexible financing solutions that accurately meet the needs of business owners. We believe this is accomplished through valuable advice, creativity and the tenacity to get to “yes”.

• Financing solutions valued from $3,000 to over $3,000,000
• Financing for all equipment types
• Start-ups to Seasoned Businesses
• New and Used Equipment
• Creative solutions for all credit profiles
• Work with small businesses to Fortune 500 companies

This philosophy is led by co-owners, Marc Keepman, CEO/Chairman and Spencer Thomas, President, along with 15 other expert staff that bring over 100 years of experience to the business. Mr. Keepman has over four decades of experience in the leasing and finance industry. He has worked with hundreds of banks and financial institutions, structuring transactions and funding over $1.2B. Mr. Thomas has had a successful, extensive career in financial services, with the past 18 years in the equipment leasing and financing industry. He has held leadership positions in new business development, sales and portfolio management and corporate administration.

Since the company’s inception, KLC has emerged as a market leader by providing leasing and financing solutions valued from $3,000 to over $3,000,000; solutions that enable companies of all kinds to acquire the equipment, software and other business assets they need to grow. From “mom and pop” shops to Fortune 500 businesses, KLC is proud to now lease or finance upwards of $35 million annually.

As a truly independent financing company, KLC’s specialty is flexible, creative, custom solutions that support businesses that don’t easily fit the typical bank or finance company models. Because we are not beholden to outside shareholders, we can cover all facets of lease financing without having to specialize in any one industry or “credit mold.”

KLC Financial has been chosen as a strategic partner by many established equipment dealers, banks and other leasing companies to provide equipment financing programs on their behalf, because of our vast knowledge, experience and resources. Our customers range from Fortune 500 companies down to lower middle market businesses and “mom & pop” ventures. These relationships have translated into $35 million in lease transactions annually. We have found the market today to be growing, and demanding on leasing companies. Leasing companies today must structure sophisticated lease financing plans in simple terms to get their share of business.

At KLC Financial, we have found this to be our strength in a world of consolidation where the giants in the industry tend to have no time for customer service. KLC Financial’s path has been chosen cautiously, as we prefer to build volume profitably, while establishing solid, long term relationships with our customers, investing partners and referral sources.

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What is Section 179?

Section 179 allows companies to deduct the full purchase price of qualifying equipment or software that was financed or purchased during the tax year. This means that if you bought or leased qualifying equipment in 2018, you are able to deduct the full purchase price from your gross income. In addition, you may also qualify for bonus depreciation. Section 179 was created to provide tax relief for small businesses, although larger businesses can also benefit from this tax code.

Section 179 & Bonus Depreciation – Features/ Highlights

Section 179 Deduction for 2018

• For both new and used equipment
• Up to $1,000,000 if equipment is installed and put into service by midnight December 31, 2018
• Up to $2,500,000 in qualified purchases. The deduction now includes improvements to nonresidential property: HVAC, roof, fire protection, alarms and security systems.

Bonus Depreciation

• New and Used Equipment
• 100% until 2022

Example:

Take Advantage of Section 179

Put simply, Section 179 allows you to take a full tax deduction when you lease, buy, or finance qualifying equipment or software. All qualifying equipment must be purchased and in use by midnight of December 31st, 2018. If you would like to learn more about Section 179 or if you’re ready to take advantage of this tax incentive, there is still time. Contact KLC Financial today and we would be happy to discuss your options and answer any questions you may have.

Disclaimer: KLC Financial, Inc. and its owners are not tax advisors, and this page is not intended to offer tax advice. Please consult with a qualified professional concerning your specific situation.