Short on cash, but need your business tools? Look at leasing.
What It Is: Equipment leasing is basically a loan in which the lender buys and owns equipment and then “rents” it to a business at a flat monthly rate for a specified number of months. At the end of the lease, the business may purchase the equipment for its fair market value (or a fixed or predetermined amount), continue leasing, lease new equipment or return it.
Appropriate for: Any business at any stage of development. For start-up businesses with no revenues, “small ticket” leases, those of $100,000 or less, are feasible on the personal credit of the founders or owners—if they are willing to make the monthly payments.
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