Equipment Leasing

What is equipment leasing?

When it comes to launching a business, there are all sorts of costs associated with getting a business off the ground. For small business owners, reducing these inherent operation costs is a necessity. The prime reason an owner might choose to lease equipment rather than go down the more expensive ownership route. Requirements for this type of leasing include setting leasing amounts as well as payment timing.

Top 5 Benefits

Tax deductible
Flexible terms
Ability to upgrade equipment
Saves cash flow
Easy approval process

Start-Up Equipment Leasing Qualifications

Time in business 3 months (Minimum)

Monthly Revenue $5k (Minimum)

Business Bank Account (Required)

No Minimum Credit Score Required

Basic points to consider when applying for equipment leasing

As opposed to primary funding via loans, when it comes to leasing equipment, there are much fewer requirements for the small business. In most cases, companies will require zero money down along with a quick approval process to receive your equipment. The main points to consider include:

Terms: Leasing agreements will require a fixed payment amount and a set time.
Usage: Terms of usage are usually flexible and can be used for practically any industry.
Payments: Can cover leasing costs, maintenance, repair, installation and insurance.