Wheelchair Van Loans For Businesses
Falls Mobility Finance is the go-to specialist in providing commercial loans exclusively tailored to meet the unique needs of businesses seeking wheelchair accessible vehicles. Our team of finance experts goes above and beyond to ensure quick approvals and highly favorable terms for your next vehicle purchase. Whether you're an established industry player or a determined startup facing financing challenges, we have comprehensive solutions designed just for you.
We’re Here. To Help You Get There™
Join the over 1,500 NEMT businesses that worked with members of the Falls Mobility Finance team. Call us today for expert advice or apply now and we will be in touch promptly.
Wheelchair Van Loans for Businesses
Falls Mobility Finance is the go-to specialist in providing commercial loans exclusively tailored to meet the unique needs of businesses seeking wheelchair accessible vehicles. Our team of professionals, headed by industry expert David Yount, goes above and beyond to ensure quick approvals and highly favorable terms for your next vehicle purchase. Whether you're an established industry player or a determined startup facing financing challenges, we have comprehensive solutions designed just for you.
Building Stronger Communities
To the dedicated operators of NEMT businesses: You are the unsung heroes our community depends on, ensuring every individual, regardless of their mobility challenges, safely reaches their destinations. At Falls Mobility Finance, our commitment goes beyond mere transactions. 'Your Mobility, Our Mission' isn't just a slogan; it's a deeply-held belief that resonates with companies like yours. We've tailored our programs specifically for businesses like yours because we understand that by supporting you, we're ensuring our community members have access to dependable and safe transportation.
Navigating Your Business Journey
Join the growing number of NEMT businesses that have found a reliable financial partner in Falls Mobility Finance. Let us help you navigate the road to success, serving more customers and building stronger communities.
Business Loan Options
At Falls Mobility Finance, we understand the diverse financial needs of businesses in the mobility sector. That's why we offer a variety of tailored business loan options to ensure your unique needs are met, empowering your organization's mission and growth.
Simple Interest Loans with No Prepayment Penalties
Our business loans come with simple interest and no prepayment penalties. This means you only pay interest for the time you keep the loan, allowing you the flexibility to pay off your loan earlier without any additional fees.
Sole Proprietorship Financing
We provide financing to sole proprietorships, with loan and title/registration options in the individual's name, doing business as (dba) your transport company. This option provides the ease of personal credit financing with the professionalism of a business loan.
LLC and Corporation Financing
For businesses operating as Limited Liability Companies (LLCs) or corporations, we offer straightforward financing options where the loan and title/registration are exclusively under the business name.
For businesses looking for tax advantages or those with unique financial needs, we offer lease options. This flexible financing solution may provide potential tax benefits, making it an ideal choice for certain businesses.
Non-Profit and Group Home Financing
We are proud to offer financial support to non-profit organizations, group homes, and NEMT businesses. We understand the importance of these organizations in our community and are committed to assisting their financial needs.
No Doc Loans
We specialize in no documentation loans where, except in rare circumstances, we do not require tax returns, balance sheets, bank statements, year-to-date Profit & Loss statements, etc. This streamlined process makes it faster and easier for you to secure the financing you need.
At Falls Mobility Finance, we pride ourselves on our industry-leading experience, particularly in business NEMT financing. Our team, led by our director, who has unmatched experience in the industry, is ready to guide you through our range of loan options and find the solution that best meets your needs.
When you choose Falls Mobility Finance for your business financing needs, you're not just securing a loan. You're partnering with an experienced team that is dedicated to empowering your journey toward greater mobility.
Vehicle Registration Services
At Falls Mobility Finance, we understand that securing a loan for your mobility vehicle is just the first step. The registration process for these vehicles can often be complex and daunting, especially considering the specific types of plates required for different operations - be it commercial, BY, Livery, regular plates, or even New York TLC plates for mobility.
That's why we extend our services to assist with the registration of every vehicle that your business acquires. Our knowledgeable team is well-versed in the various regulations and requirements and will ensure your vehicles are properly registered. This assistance not only alleviates the burden on you but also ensures that your operations comply with all necessary regulations.
At Falls Mobility Finance, we're not just a financial provider - we're your partner in ensuring the smooth operation of your mobility business.
Let's continue the journey together. Reach out to us today and let's discuss how we can assist you further and bring the joy.
NEMT Wheelchair Van Financing
Nation’s Top Recommended Provider of Non Emergency Mobility Transportation Vehicle Financing
Locating affordable financing for Non Emergency Mobility Transportation (NEMT) vehicles can be difficult, with most banks and credit unions non understanding the value added by conversions. Fortunately we have put in the work of locating and educating financial institutions of the real value of these vehicles and the hard working companies that finance them. Our team will work tirelessly to find you the financing terms that your business needs.
Why Finance Your NEMT Vehicle Through Falls Mobility Finance
We understand that your time is valuable, and you would rather be out providing your customers much needed transportation to and from their appointments, than haggling over financing terms with a bank. Falls Mobility's financing experts work with many financial institutions leveraging them on behalf of you, assuring you the most competitive terms available. Allowing you to provide your clients the latest, safest, and most innovative transportation equipment, that matches the outstanding service you provide.
How to Finance NEMT vehicles
Financing a Non Emergency Medical Transportation vehicle through Falls Mobility Finance is easy. Just follow our simple 5 step program, and you will be on your way to running the most profitable fleet of NEMT vehicles around!
Step 1: Apply for a NEMT Loan
To apply for a loan through Falls Mobility Finance, simply fill out our online credit application. Once submitted, we will receive the application, contact you and begin working on your behalf to find the terms most suitable for your business needs.
Step 2: Get Your Pre-Approval Letter
Once we have you pre-approved we will send you a pre-approval letter you can take to your NEMT vehicle dealer. This will help you secure the vehicle you need and ensure the buying process goes quickly and smoothly.
Step 3: Visit Your NEMT Vehicle or Mobility Dealership
The next step is to locate the dealership you would like to work with. The dealer will be able to guide you through what options are available, and what vehicles and conversions might best fit your needs. Working through a local dealer may be helpful when preparing for local or state vehicle inspections, as they would know what regulations you need to follow.
Step 4: Choose a NEMT Vehicle
After you find the dealership that is right for you, they will help direct you to a vehicle that will fit your company’s needs. Once you find a vehicle that has all the modifications, features, and mobility equipment you need, simply reserve it and send the vehicle and dealer information to us.
Step 5: Drive Away Your New Vehicle
Once you have completed steps 1-4 we will work with our financial institutions to find you the best available terms. We will take care of all the stressful paperwork, and send out the final documents for your approval. Once completed, your company will be ready to add its newest addition to its expanding NEMT Fleet!
Mobility Van Business Tax Deduction
Up To $15,000/Year Tax Deduction
Businesses may take a tax deduction of up to $15,000 per year through Architectural/Transportation Tax Deduction: IRS Code Section 190, Barrier Removal
What is it and who is eligible?
All businesses are eligible to take an annual deduction for expenses incurred to remove physical, structural, and transportation (i.e. vehicle-related) barriers for persons with disabilities at the workplace.
What is the amount?
Businesses may take a tax deduction of up to $15,000 a year for expenses incurred to remove barriers for persons with disabilities. Amounts in excess of the $15,000 maximum annual deduction may be depreciated.
What expenses are covered?
The deduction is available every year. It can be used for a variety of costs to make a facility or public transportation vehicle, owned or leased for use in the business, more accessible to and usable by persons with disabilities.
What expenses are not covered?
The deduction may not be used for expenses incurred for new construction, or for a complete renovation of a facility or public transportation vehicle, or for the normal replacement of depreciable property.
Example: Chassis: $25,000 – (Depreciation as normal) ADA Modifications: $15,000 – (Tax Deduction can’t be depreciated) If Modification is greater than $15,000, (Depreciate as Chassis)
Are there limits on annual usage?
Although the deduction may be used annually, if a business spends more than may be claimed in one year, it cannot carry over those expenses and claim a tax benefit in the next year.
How can this expenditure be deducted?
The amount spent is subtracted from the total income of a business to establish its taxable income. Businesses should follow the instructions found in IRS Publication 535 entitled: Business Expenses. It is important to note that businesses may not take a deduction and a tax credit on the same expenditure. In order for expenses to be deductible, accessibility standards established under the Section 190 regulations must be met.
**Information collected from Counsel of Pass through & Special Industries. Please consult your accountant when applying the IRS Section 190 Tax Deduction.
The Office of Associate Counsel, IRS, Pass through & Special Industries, 1111 Constitution Avenue, NW, Washington, DC 20224.