Advantages of Financing
Effective cash flow management is an extremely important element to a successful business -- small or large. Equipment financing offers business owners a means to acquire equipment based on an operating budget - not based on capital or cash on hand.
Unlike some loan programs, you can finance 100% of your equipment.
As businesses grow and needs change, you will be able to add or upgrade equipment at any point during the financing term.
Financing provides the use of equipment for specific periods of time at fixed payments. The financing company assumes and manages the risk of equipment ownership. At the end of the term, if you elect to return the equipment, the financing company is responsible for the disposition of the asset.
There are tax incentives for purchasing new equipment. By financing your equipment, the amount you save in taxes could be greater than what you pay in the first year of a lease. Your new equipment could make you money in day one!
Logic of Financing
5 Easy Steps