Equipment Leasing is the perfect tool to acquire new equipment without further leveraging your company’s balance sheet.
This is the one good option that allows you to get the things you need for your business, without having to pay for the items up front. Equipment leasing is a great way to get all of the latest technology you need for your company.
Equipment Leasing is the financing term used when referring to asset based financing and is, in fact, the proper way to finance all types of business assets. It is generally easier to do for new business owners, and it has the benefit of leaving the costs of obsolescence with the leasing company.
It is also an excellent way to grow your business without the significant initial investment and usage of your existing lines of credit. and is generally easier to get for new business owners. The financing of business equipment is a strategy utilized by many companies across the United States.
Equipment leasing is basically a long-term rental agreement where the equipment leasing company (lessor) purchases the equipment and then leases back to the lessee at fixed monthly payments, for a predetermined term. This will allow your business to better manage cash-flow, while staying current with constantly changing technology.
It may be a particularly attractive financing alternative if you are dealing with bad credit, and you have been experiencing difficulty trying to secure a traditional business loan from the bank.
Equipment Leasing is one of the fastest growing ways of acquiring equipment in business today. Some heavy equipment leasing companies, in addition to leasing the heavy equipment, also lease the warehouse and storage that may be needed for that to save you the trouble of finding storage space on your lot or leaving the heavy equipment out in the elements.
Brokers can offer office equipment leasing for organizations requiring anywhere from $10,000 to $5 million worth of equipment. Most equipment leasing companies are simply brokers that sell your lease or business loans to national funding sources. Business equipment leasing is a form of financing that more and more businesses are turning to when they are in need of equipment, software, or furniture.
Prevent Your Cash Flow From Restricting Business Growth
So when your business is in need of any type of equipment, allow us to be of assistance in getting an equipment financing or equipment lease agreement. There is not much paperwork involved and the approvals are quick.
When an opportunity comes along there could be a need to obtain additional equipment. Cash flow is the lifeblood of business and this certainly pertains for both small shops and larger sized companies respectively.
So what about those companies that have huge cash reserves? The financing of equipment still makes sense because it is matching cost to benefit. This means that cash flow will be justifiable and predictable. Instead of using credit, working capital or bank lines of credit, take advantage of the benefits the leasing equipment to pay for it. This way you keep your cash reserves and credit available in case there are other needs in the future for it. This is certainly a good way to help ensure the success of a company.
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