Guide to Equipment Leasing & Financing

Protect Your Bank Lines with an Equipment Lease

September 24th, 2007 Posted in Leasing vs. Bank Loans

Banks are great for short term needs and you should use them in that way. An available line of credit is an extremely valuable tool to address unforeseen emergencies, therefore reducing those open lines by using them to finance equipment can be dangerous. Furthermore, bank terms, appetites and flexibility on equipment transactions range from “less than optimum” to “downright difficult”. Let your bank do what it does best.

With an equipment lease, you can get approved for up to $150,000 with a simple one-page application; and in some cases, you can get up to $250,000 with just the application.

In summary, utilizing an equipment lease protects your lines of credit with your bank for the times you need it most.  There are many other advantages that will be outlined in future blogs.

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