Yes it is possible to free up working capital and have cash available to grow your business in two words – EQUIPMENT LEASING!
For small businesses a common concern is having enough capital to run and grow operations.
Meeting payroll or buying more inventories can be a real strain on cash reserves.
Explore the many benefits of Leasing to meet your business & financing needs.
ü EASIER FUNDING. Banks often require several years of banking & credit vs. six months credit history with leasing.
ü 100% FINANCING. Leasing will not only cover the cost of equipment but also the installation and maintenance.
ü FLEXIBILITY. Lease almost any kind of equipment & avoid obsolescence by acquiring new equipment without having to keep costly equipment working years beyond its profitable time.
ü CASH FLOW. Take the guess work out of budget and cash flow projections with known payments over a specified period. Option of customized payment scheduled for seasonal businesses.
ü CONSERVE CREDIT LINES. You can get the equipment you need now without utilizing your present bank credit lines. Preserve the lines of credit for other uses means the same thing to you as expanding available credit.
ü TAX ADVANTAGES. Payments are often treated as fully deductible expense which translates into more rapid write off for your business. Because the lease term is generally shorter than the depreciable life, payments can be expensed in a shorter duration saving you tax dollars in the short term.
Lease vs. buy what is the right decision?
Yes the answer can be this simple….
Buy or invest in an asset that appreciates in value. Rent or Lease assets that depreciate in value.
When the objective is getting the maximum use out of a depreciating asset, it is the “use” that brings profits to the business not the “appreciation” of the asset itself.
Be a smart business owner and maximize the use…minimize the investment.
Lynne Gibson, CGA
(416) 458-4246 firstname.lastname@example.org