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Finance the equipment you need rather than purchasing outright:
Equipment finance gives your business the gear, software and furniture it needs in order to succeed. One excellent way to obtain this type of financing is through a lease—it doesn't tie up cash, receivables, credit cards or bank lines. Equipment finance via a lease is appealing simply because you don't need large amounts of collateral in order to get approval. The other major positive is that with a lease the taxes can be expensed.
| Capital Type |
Capital Type Definition |
| Equipment Loan |
Making of a loan using the equipment as collateral. Good operating history, credit rating, debt ratios are the keys. |
| Equipment Leasing |
Contract for a fixed period of time in exchange for payments, usually in the form of rent for equipment. Typically lower credit requirements. |
| Municipal Equipment Leasing |
A lease transaction with any government agency (i.e., Federal, State, County, etc.). |
| Equipment Sale and Leaseback |
Sale of an asset for cash, with a contract to lease the asset back from the funding source purchasing the asset. Sales tax can be an issue here. |
Search for Equipment Financing Sources and Get a Free Matched List
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