Why should you consider leasing a farm building? There are numerous financial benefits that can be achieved by leasing. You can make improvements to your property and receive the benefits of faster deductions compared to depreciation. When you lease, you don’t have to provide any cash payments up-front, and you don’t pay anything until your building is ready for use. In addition, lease payments are 100% tax-deductible and allow you to deduct more than a standard depreciation schedule.
For any suburban related buildings, excluding new home construction, we offer custom financing programs. These programs combine a simple application process and fast loan approvals with personal service and support.
Interested in learning more about our custom lending programs? Contact your local Morton sales office for more information.