In response to the Illinois State executive order #8, we are considered "Essential Business" and we will remain open at our 650 Race Street Location.

Equipment Leasing Information

Piranha is here to help you make your shop run better, and that includes making your acquisition easier, too. Here is some leasing information to help get you started. Some of our abilities include:

  • $750,000.00 same day application only program
  • 100% financing
  • First payment delay for 6 months (optional)

What About New Tax Incentives?

USA businesses have big new incentives to acquire and install capital equipment. The Tax Cuts and Jobs Act of 2017 made significant changes to both Section 179 and bonus depreciation which, when used together, may allow businesses to deduct up to 100% of capital purchases.

Big Tax Changes:

  • Section 179 • Deduction limit increased from $500,000 to $1,000,000
  • Phase-out threshold increased from $2,000,000 to $2,500,000
  • Bonus Depreciation Level increased from 50% to 100% and remains at that level for five years
  • Section 179 & Bonus Depreciation Combined
  • Total expensing increased from 50% of total spending to unlimited for new equipment

Speak to a qualified tax professional familiar with your specific business circumstances.

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Put 140 years of industry experience to work for you! Use what our team knows about metal fabrication to help you improve your production and increase your profit.

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