Why Lease

Businesses of every size and type at some time must acquire essential equipment to start, maintain, or expand their business enterprise. Two traditional methods of acquiring these assets are using working capital or borrowing money from a bank. These options are not always feasible or advantageous.

Leasing can provide a flexible alternative for obtaining necessary equipment to run your business, without having to pay for it all at once. Many experts recommend purchasing only items that appreciate in value and leasing items that depreciate as they are utilized. Please call us by clicking on the contact us tab on the top right, to discuss your business financing needs.

What is a Lease?

A lease is a legally enforceable contract which defines the relationship between one party ("Lessor") and another party ("Lessee"), giving the Lessee the exclusive right to use and possess the Lessor’s equipment for a specific period of time. The Lessee is responsible for all ancillary costs associated with the use and upkeep of the equipment. Taxes and insurance are also the Lessee’s responsibility during the term of the lease. The lease contract requires the Lessee to make periodic payments, or rentals, to the Lessor for the use of the equipment. At the end of the lease term, the Lessee may have the option to purchase the equipment based upon a predetermined purchase option which can be as little as $1.00.

Leasing is a great option for start-ups and established businesses that rely heavily on equipment that periodically needs replacing to maintain business growth. Our excellent sales staff can assist you with making these important decisions. Please call us, or contact us to discuss your business financing needs.

Advantages of Lease Financing:

  • Preserves lines of credit conserving working capital
  • Improves cash flow
  • Leased equipment often pays for itself as it is utilized
  • Leasing protects against equipment obsolescence
  • Lease financing applies to most every capital acquisition
  • Installation, service, maintenance, supplies, software and other "soft costs" may be included in lease payments
  • Flexibility: uncomplicated add-ons and upgrades for adapting to shifting business needs