Why do 72% of businesses ranging from mom-and-pop cafes to Fortune 100 companies finance their equipment?
It's because finance opens the doors to a wide range of benefits:
Low weekly repayments to preserve your cash flow
Flexibility to upgrade your equipment if it's not quite right
Adding more equipment as your business grows
Repayments are 100% tax deductible
Off balance sheet funding which doesn’t affect your borrowing ability
Equipment financing or leasing lets you hold onto your cash, or working capital so it can be used for other areas of your business such as expansion, improvements, marketing or R&D. Leasing your equipment will enhance the ability of your business to focus on its core operations because it free’s up your working capital.
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