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Startup Counter

EQUIPMENT FINANCING

Given today’s economic climate and the rapid pace of technological obsolescence, more than 80% of companies utilize some form of equipment financing according to the Equipment Leasing and Finance Association reports. Equipment financing allows companies to procure equipment at a fixed rate, for a fixed period of time, without having to purchase the equipment from cash or working capital. Leasing permits you to avoid many of the uncertainties associated with equipment ownership and instead allows you to focus on using the equipment or assets to run and grow your business.

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introduction

INTRODUCTION

Given today's economic climate and the rapid pace of technological obsolescence, more than 80% of companies utilize some form of equipment financing according to the Equipment Leasing and Finance Association reports. Equipment financing allows companies to procure equipment at a fixed rate, for a fixed period of time, without having to purchase the equipment from cash or working capital. Leasing permits you to avoid many of the uncertainties associated with equipment ownership and instead allows you to focus on using the equipment or assets to run and grow your business. / Equipment finance is a sort of small-business loan designed to help you buy the gear and equipment you need to run your company. An equipment loan can be used to buy everything from office furniture to medical equipment to farm machinery and commercial ovens.

advantage

Companies choose to lease equipment rather than purchase equipment for many reasons, including:

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DOCUMENTS REQUIRED

When availing equipment financing, the borrower is required to submit the following documents for information verification:

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