One of the biggest challenges for businesses is their need to cover operating costs while building sufficient capital to develop their business. The need to obtain equipment for operating the business is essential; however, companies that use their own money to purchase equipment are taking valuable resources away from other potentially profitable business dealings.
One financing option is to secure a conventional bank loan. This can be tiresome and take a longer time than you have to accomplish your goals. The worst scenario of handling the financing this way is it can drain your much needed credit lines.
Equipment Leasing involves little risk while freeing up working capital to invest into your business. It allows your business to acquire the funding it needs promptly without draining your cash, tying up credit lines or resorting to the use of credit cards.
Sale-leaseback agreements allow businesses to raise capital while retaining the use of all their assets, selling an already owned company asset (e.g. equipment) and then leasing it back. At the end of the contract, all rights are transferred back to the Lessee.
Equipment leasing and/or financing for, but not limited to, the following types of capital equipment: