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Method for financing business expenses

  • US 20040122755A1
  • Filed: 12/19/2002
  • Published: 06/24/2004
  • Est. Priority Date: 12/19/2002
  • Status: Abandoned Application
First Claim
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1. A method of financing a business expense comprising:

  • a tax-exempt entity borrowing a first sum of money from a lender wherein any interest paid pursuant to said loan is not taxed by the United States Federal Government;

    said tax-exempt entity using said first sum of money to purchase one or more assets;

    said tax-exempt entity then transferring possession and the right to use and enjoy said one or more assets to a third party for a predetermined period of time in exchange for payment by said third party of a second sum of money;

    said predetermined period of time not to exceed 75% of the estimated economic life of said one or more assets;

    said tax-exempt entity granting said third party the option to purchase title to said one or more assets in exchange for a final sum of money at the conclusion of said predetermined period of time; and

    said final sum of money being the greater of (i) the fair market value of the asset at the end of said predetermined period of time and (ii) the amount of money sufficient when combined with said second sum of money to complete repayment of said first sum of money plus interest and any lender charges.

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