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Finance Company – About KLC Financial

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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129

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148740

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10

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8

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Our Team

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Section 179

 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 2017, 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 2017

  • For both new and used equipment
  • Up to $500,000 if equipment is installed and put into service by midnight December 31, 2017
    After $2MM in qualified purchases, phase-out dollar-for-dollar until completely eliminated above $2.5MM. A true “small business tax incentive”.

Bonus Depreciation

  • Can be used in conjunction with Section 179 once $500,000 deduction cap is met
  • New equipment only
  • 50% cap in 2017, 40% in 2018, 30% in 2019

Example:

Total Equipment Purchases: $650,000
Section 179 Deduction: ($500,000)
Bonus Depreciation (50% of remaining $150,000): ($ 75,000)
Normal Depreciation (20% of useful 5yr life of remaining amount): ($ 15,000)
Cash Savings ($590,000 x 35% tax rate): $206,500
Cost of Equipment after Tax (assuming 35% tax bracket) equals this: $443,500

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, 2017. 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.

 

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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.

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What We Do

Our dedicated employees are happy to assist you with know-how and experience in your daily business.

Our Services

Benefits of Equipment Leasing

  1. Save Time and Hassle
  2. Easy Upgrading
  3. You Pick the Term
  4. Payments that fit your Cashflow
  5. Potential Tax Advantages

Benefits of Equipment Financing

  1. Improve Cashflow
  2. Minimal Initial Cash Expenditure
  3. Bundling Equipment and Soft Costs
  4. Easy Upgrading
  5. Save Time and Hassle
  6. Sub Debt

Benefits of Working Capital

Working Capital is an important part of every business. Having enough means that your business can successfully pay its day-to-day expenses and current liabilities. Sometimes it is necessary to buffer or bolster the company’s working capital through financing. KLC Financial provides financing options to help you obtain the cash you need to support operating costs, purchase inventory, payoff tax liabilities, renovate your business space, cover emergencies or any other business purpose. We can make cash available to you through a sale leaseback, a lease line or a short-term working capital loan.

Benefits of Debt Restructuring

  1. Refinance your existing debt
  2. Cash out from existing equipment
  3. Get lower rate
  4. Pledge less collateral
  5. Get longer term

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" A good financial plan is a road map that shows us exactly how the choices we make today will affect our future. "
Alexa Von Tobel
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Business Loan Examples

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Testimonials

KLC has been great to work with. Very thorough and prompt on every transaction we have had with them. I will continue to do business with them well into the future. Thanks Guys

lancecitrowske

 

KLC Financial
5.0
2017-10-30T22:25:07+00:00

lancecitrowske

 

KLC has been great to work with. Very thorough and prompt on every transaction we have had with them. I will continue to do business with them well into the future. Thanks Guys
KLC has been an important piece of our growth since inception. [They] have been there for us every step of the way. KLC’s knowledge of our industry, their speed and their willingness to grow with me as I expand and remodel my locations has been wonderful. I would highly recommend KLC Financial, Inc. for any of your financing needs.
KLC Financial
5.0
2017-11-08T21:56:17+00:00
KLC has been an important piece of our growth since inception. [They] have been there for us every step of the way. KLC’s knowledge of our industry, their speed and their willingness to grow with me as I expand and remodel my locations has been wonderful. I would highly recommend KLC Financial, Inc. for any of your financing needs.
Great lender that has help our business grow. The team at KLC Financial has been honest and easy to work with. Please give them a call and opportunity to earn your business

Dan Vrebalovich

KLC Financial
5.0
2017-10-30T23:50:12+00:00

Dan Vrebalovich

Great lender that has help our business grow. The team at KLC Financial has been honest and easy to work with. Please give them a call and opportunity to earn your business
Lesley and the team at KLC were great. Listened well to my needs, and designed a package to fit those needs. Quick and accurate. Highly recommend.

Michael Wickam

KLC Financial
5.0
2017-10-27T17:32:47+00:00

Michael Wickam

Lesley and the team at KLC were great. Listened well to my needs, and designed a package to fit those needs. Quick and accurate. Highly recommend.
I have worked with the people at KLC Financial for the last 7 years. They are professional, friendly and easy to work with. I would highly recommend KLC Financial to other businesses.

Margo Hunt

KLC Financial
5.0
2017-10-30T23:48:06+00:00

Margo Hunt

I have worked with the people at KLC Financial for the last 7 years. They are professional, friendly and easy to work with. I would highly recommend KLC Financial to other businesses.
KLC has been great to work with through the entire process. Fast, efficient and very thorough. Could not ask for more.

Frederico Navarro

KLC Financial
5.0
2017-10-30T23:45:18+00:00

Frederico Navarro

KLC has been great to work with through the entire process. Fast, efficient and very thorough. Could not ask for more.
I can confidently say that work with KLC Financial, Inc has been the easiest part of opening my new location. They are professional, efficient, responsive. They moved fast and provided me with the equipment funding I need to open. I would absolutely 100% recommend KLC Financial for your equipment financing needs.
KLC Financial
5.0
2017-11-08T21:53:48+00:00
I can confidently say that work with KLC Financial, Inc has been the easiest part of opening my new location. They are professional, efficient, responsive. They moved fast and provided me with the equipment funding I need to open. I would absolutely 100% recommend KLC Financial for your equipment financing needs.
5.0
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Custom leasing solutions from a truly independent, creative financing company.

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