In a cash-strapped business climate,Â buying new business equipment often fallsÂ to the bottom of the to-buy list for many small businesses. Yet, it doesn’t have to.
You can still get the new equipment you need to grow your businessÂ by leasingÂ new office equipment.
Leasing new business equipment is aÂ savvy business move for many small businesses. More than 80 percent of all businesses lease some or all of their equipment, according to the U.S. Department of Commerce’s Bureau of Economic Analysis.
What does that mean for your small business? The opportunity to grow your business with new equipment while freeing up cash flow.Â Many businesses turn to leasing not because they are short on cash, but because they understand how leasing is used as part of a successful cash flow plan.
The Advantages Of Leasing
What types of businesses lease business equipment? All types, including industrial companies, commercial printers, hospitals and medical firms.Â
Leasing offersÂ entrepreneurs the opportunity to afford more business equipment than your firm might be able to buy outright; even if you could buy it outright, why tie up your cash — not to mention the depreciation — that comes with buying new equipment?
From copy machines and computers to delivery trucks and construction equipment, many businesses find that equipment leasing is a smart alternative that allows them to buy new equipment with as little cash outlay as possible.
Leasing business equipment makes financial sense. The equipment you buy today at top dollar may not be nearly as valuable in a few years. It’s why many technology companies, especially in communications or computers, opt to lease equipment to avoid debt for machines that will be outdated by the time they’re paid off.
If you have questions about business equipment leasing and how it can benefit your business, contact MDS Funding.