A Closer Look at the Benefits of Leasing Business Equipment
Would you like to learn more about the benefits of equipment leasing? If your answer to this is YES then, do pay close attention to the paragraphs below, where we’ve discussed how this program can work to the advantage of your small, or start-up business venture.
Why Lease Business Equipment
100% financing guaranteed! Unlike most credit programs these days, which require huge down-payments; a majority of equipment leases today do not come with initial cash-out requirements. The most you can expect from a program would be an advance payment for the first two to three months, which will come only once you’ve finalized your agreement with your chosen equipment manufacturer or supplier.
And that’s not all. The costs that most banks are not willing to finance - such as taxes, delivery and installation charges, etc, can be included in your lease! No wonder more and more businessmen and women today are taking advantage of the equipment financing deals offered by a growing number of brokers in the market.
With a lease, you can gain immediate access to the latest machinery and equipment - for a very affordable price. That’s because the monthly payments you will submit to your chosen broker will surely be much lower than what you will pay a business lender. This means that you can conserve your cash on-hand and use it for more important business-related expenses and costs. In fact, you can set aside such fund to cover emergency expenses, to insure your business, and to support your other business needs.
It’s very easy to apply for as compared to traditional bank issued business loans. After all, lease and equipment brokers rarely run credit checks on their prospective applicants. Hence, you can look forward to receiving the machines, office furniture and fixtures, vehicles, and special tools and devices you need; regardless of how low or how high your personal or business credit score might be.
And since most equipment leasing arrangements do not come with collateral requirements; you need not undergo complicated and time-consuming property valuation activities just to ensure the immediate approval of your request for business equipment.
With these three benefits in mind, we surely hope you’ll take the time to consider this business financing option to support the equipment requirements of your commercial establishment.