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websites • February 22, 2018

The Convenience Of A Lease Purchase/Equipment Finance Agreement

Often customers forget about the comfort provided by equipment finance companies vs. going to their Banks. With leasing, you can be approved the same day for up to $250,000 by completing a one-page application, whereas a bank generally requires your financial information and can take weeks to approve. Another thing to consider is that Banks can file a blanket lien if they choose, where Leasing does not. Also in most cases, Equipment finance agreements are not submitted to one’s credit report, thus separating business expenses from one's own. Don’t Forget about the off-balance sheet financing and that the payment is 100% tax deductible, that goes with leasing equipment. The point is leasing may sometimes score a percent or two higher than the bank, but we are offering convenience. We are helping business owners purchase equipment in a matter of days vs. a matter of weeks. Between the one-page application, the minimal documentation fees, electronic documents, and same day funding options, leasing provides a quick, simple solution for business owners to purchase equipment.

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