Published By Credit Suite at October 30, 2015
You can easily secure the equipment you need for your business. One of the best and smartest ways to obtain the equipment you need is by using Equipment Financing.
You can deduct the interest you pay on the lease and you won’t need a large down payment to be approved.
This is one of the reasons over 80% of U.S. businesses use equipment lease financing to acquire equipment for their businesses.
Using Equipment Financing you can improve your business cash flow and increase capital.
You can keep your normal cash flow, leave your money in the bank, avoid major out-of-pocket expenses incurred by purchasing the equipment up-front, and benefit from multiple tax advantages.
Equipment Leasing is one of the most common types of equipment financing available today.
When leasing equipment you will find most leasing options offer you fixed-rate financing. This means your interest rate and payments will stay the same from month-to-month during the term of your lease.
Whether you need office equipment or large commercial equipment used for manufacturing, Equipment Financing is a perfect option for you and your business.
Equipment financing can also be used if you are starting a new business which needs equipment to operate.
There is typically no down payment required on equipment leasing loans. The lender will collect 1-2 of your monthly payments upon approval.
This amount of money required is usually equal to 3-7% of the total equipment cost.
You will have low monthly payments available. And your payments can be tailored to fit your company’s individual needs.
You can also include taxes and other charges such as installation charges into your new equipment lease.
Equipment loans are perfect for any business owner looking to purchase equipment.