In today’s volatile marketplace, keeping cash flowing and preserving your business line of credit can be challenging for small business. Many small businesses are finding it harder to get the finance help they need from traditional lending institutions, especially the big banks. Leasing equipment allows businesses to update assets and expand without the burden of purchasing. Leasing involves paying for the long term use of the equipment instead of ownership.
With equipment leasing, you can get the new machines and the innovative technology that your business is after without breaking the bank. In this way, you won’t necessarily have to deal with the stringent requirements of banks and standard lending institutions. Equipment leasing offers benefits like flexible end-of-term options and the opportunity to upgrade, keeping you up to date. Equipment leasing payments may be tax-deductible as an operating expense when discussed with your financial advisor or accountant.
Easy leasing options for your small business
For small businesses, tailored equipment leasing products can help SMEs get the equipment that they need:
– Operating Lease – with an operating lease, you make easy monthly payments to lease the equipment you need during its useful life cycle.
– Master Rental Agreement – For businesses acquiring over $20,000 in assets, a master rental agreement establishes a credit line to lease equipment.
This helps bundle your assets into one term, making it easier to manage your business requirements.
– A finance lease offers low monthly payments and a fixed residual payment due at the end of your term. This type of arrangement lets you start making money right away.
No matter what business you’re in, you’ll find that equipment leasing is a great form of asset finance to really grow and expand your business operations. Manage your cash flow and get the capital you need for your equipment.