Should your business lease or buy equipment? The answer depends on your situation. Leasing equipment can be a good option for business owners who are starting out, have limited capital or who need equipment that must be upgraded every few years. Each business is unique, however, and the decision to buy or lease business equipment must be made on a case-by-case basis.
What are the benifits of Leasing?
- Conserves cash for other business needs.
- Fast decisions (generally within 48 hours).
- The equipment serves as its own collateral. We do not ask you to pledge personal assets.
- This is a business loan & as such does not show on your personal credit report.
- Option for Off Balance Sheet Financing.
- Electronic documents & speedy funding.
- Finance Company will pay the vendor directly.