Equipment Leasing & Financing steve
Equipment Leasing & Financing
Obtaining the use of machinery, vehicles or other equipment on a rental basis. This avoids the need to invest capital in equipment. Ownership rests in the hands of the financial institution or leasing company, while the business has the actual use of it.
BENEFITS OF EQUIPMENT LEASING & FINANCING
Keep Your Cash
This type of funding source allows you to hold onto your cash, or working capital, allowing you to allocate it to other areas of your business, such as inventory, expansion, marketing or research and development.
Protect Credit Line & Cash Flow
Protect your company’s credit line and maintain cash flow by choosing customized payments to match traditional and seasonal cash flows. This will allow you to save capital for other business needs throughout the year.
Leasing or financing equipment can reduce some of the risk associated with investing in a capital asset.
Be On Top Of New Technology
Leasing or financing allows you to incorporate better and newer equipment than you could have without financing, giving your company a competitive advantage.
By leasing or financing equipment, there are numerous deductions that may apply to. In most cases, this financial strategy will significantly help with cashflow and profits. Visit http://www.section179.org/ to see what types of benefits and deductions your business may qualify for.