LCA Enters Partnership to Offer Equipment Financing to SBOA Members

Lease Corp. of America partnered up with the Storage Business Owners Alliance, a buying group for the U.S. self-storage industry, to provide equipment-financing solutions to SBOA members.

LCA will offer financing on HVAC systems, golf carts, keypads, office furniture, security systems, storage units and other items.

Financing will include fixed-payment options, zero-down availability and potential tax savings under Section 179 of the Internal Revenue Code, which allows taxpayers to deduct the cost of certain property as an expense when the property is placed in service.

LCA can offer SBOA members credit-turnaround times of less than four hours on applications for up to $150,000. A $1 purchase option also allows customers to own equipment at the end of the term.

More than 30 preferred vendors will offer pre-negotiated discounts on goods and services, including SBOA Merchant Services and SBOA Tenant Insurance.

The Storage Business Owners Alliance has more than 7,000 member facilities.

Founded in 1988, LCA provides flexible leasing and finance programs to resellers, distributors and manufacturers. Since its inception, the company has booked and serviced more than 88,000 leases, with an original equipment cost of more than $1.2 billion, according to its website.

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