Leasing is an excellent financial solution with very minimal cash outlay. An equipment lease covers “soft costs” such as software, supplies and training. Unlike a traditional bank loan, there is no large deposit or compensating balances required.
Preservation of Working Capital
Leasing allows a business owner to preserve their working capital and bank lines for day to day operations such as inventory, marketing and payroll.
Tax Benefits
Leasing is considered “off balance sheet” reporting; whereby payments on qualifying leases can be written off as a rental expense or operating expense, reducing a company’s taxable income.
Avoid Equipment Obsolescence
Leasing allows businesses to stay ahead of the technology curve by eliminating ownership of out dated equipment. Companies have the luxury of constantly upgrading their equipment to meet their business needs.
Flexible & Unique
Leasing offers a fast and convenient approach to financing with a single application that can be processed within a business day. Leasing can be tailored to the unique needs of the company, whether they are a brand new business or an established industry leader. This can extend to the equipment or industry as well as the type of program offered; including seasonal or gap payment programs.
