For a start up business, applying for a bank loan can prove to be difficult especially for those with no business credit history. If you need financing to obtain equipment, devices or vehicles, why not consider equipment lease financing?
Who Can Lease
Both start up and established businesses can qualify for an equipment lease. In fact, this method of financing is being implemented by small businesses and large corporations in the industry.
Why Lease Equipment
Instead of taking a loan to purchase the equipment you need, a new business owner may choose to apply for a “lease” to avoid the unnecessary delay with the business operations. Rather than wait for months to get their business loan approved, a business owner can get a lease at a much sooner time and proceed with the operations.
Furthermore, equipment lease financing is more cost-effective since no down payment is required and payments are made in instalments. Many lessors offer flexible repayment terms (monthly, quarte
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