Businesses of all sizes are enjoying the benefits of leasing-making valuable equipment purchases while conserving precious capital.
Many smart business owners are leasing on an ongoing basis - adding, upgrading and expanding, while using the flexibility provided by leasing to have the most effective operation possible.
Financial Partners has worked with thousands of businesses to develop leasing solutions tailored to fit each individual situation. Consider how these leasing advantages can benefit your business.
Leasing
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vs.
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Bank Loan
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- No money down
- No effect on personal credit
- Saves cash reserves for business needs
- Credit lines preserved
- Off balance sheet financing
- Fixed interest rate and payments
- Can include soft costs like shipping and software
- Longer terms available, deferred payment structures
- Application only approval on most transactions
- Tax advantages (consult your accountant)
- Simple to add or upgrade
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- Down payment, usually 15-20%
- Shows as debt on personal credit, lowering your score
- Uses cash reserves as down payment
- Decreases credit limit with banks
- On balance sheet financing
- Variable rates will increase payment
- Hard assets only
- Usually shorter with tighter terms
- Long approval process
- Tax advantages (consult your accountant)
- Re-application often required
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