There are many ways in which your business can secure the required equipment it needs for daily operations: pay cash, bank financing, SBA loan, or funding your equipment with an equipment leasing and financing firm. A firm that specializes in business equipment leasing and financing doesn’t want your deposits or cash management services like a bank does. You may as well lend the money to yourself if you go to your bank to get equipment funding. In essence, they’re lending your own money back to you…and charging you for it! Plus, you may have to sign covenants forcing your company to submit to demands of the bank. Paying cash can cripple your company’s cash flow and in uncertain economic times why take the risk?
Posted in Equipment Acquisition Options
