Do you need equipment for your business? Whether you need new equipment to take advantage of an opportunity or to replace broken or obsolete equipment, it is important to understand the options available today.
For years, equipment leasing has been the go-to option for business owners who want to avoid the large upfront cost of purchasing equipment. However, online business loans have quickly become a popular choice for those who want the benefits of owning equipment without the initial cost. This new form of financing allows business owners to get funding for any equipment they need without the collateral, lengthy application, and delays associated with securing a bank loan.
Below is an overview of the advantages of each option so you can make the right decision for your business.
Equipment Leasing vs Online Equipment Loans - What is the Difference?
An equipment lease is basically a rental agreement between a lessor and a business in which the lessor lends the equipment in exchange for regular payments. Equipment leases can be obtained directly from an equipment manufacturer or independent equipment leasing companies. Original Source...
Contact Us:
Lendified
330 Bay Street, Suite 306
Toronto, Ontario
Zip Code: M5H 2S8
Business Phone: +1 647 381 9218
Business E-mail: troy.wright@lendified.com
For years, equipment leasing has been the go-to option for business owners who want to avoid the large upfront cost of purchasing equipment. However, online business loans have quickly become a popular choice for those who want the benefits of owning equipment without the initial cost. This new form of financing allows business owners to get funding for any equipment they need without the collateral, lengthy application, and delays associated with securing a bank loan.
Below is an overview of the advantages of each option so you can make the right decision for your business.
Equipment Leasing vs Online Equipment Loans - What is the Difference?
An equipment lease is basically a rental agreement between a lessor and a business in which the lessor lends the equipment in exchange for regular payments. Equipment leases can be obtained directly from an equipment manufacturer or independent equipment leasing companies. Original Source...
Contact Us:
Lendified
330 Bay Street, Suite 306
Toronto, Ontario
Zip Code: M5H 2S8
Business Phone: +1 647 381 9218
Business E-mail: troy.wright@lendified.com
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