Why Get A Small Business Equipment Lease

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Posted on 9th June 2010 by Sandra Thompson in unsecured business loans

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Whether you are the owner of a new business or an established company, you may be confronted with the challenge of equipment financing. Should you purchase new equipment or get bank business loan? Better yet, should you apply for equipment lease financing?

What advantages can leasing equipment bring to a small business? In this article, let’s talk about the main reasons why you should consider business equipment leasing.

Save Your Business Budget. Having a steady cash flow is important for any business. When you lease equipment, you can use your available cash for other expenses and save the rest for emergency purposes.

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Save Your Business Budget Through Equipment Lease

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Posted on 7th June 2010 by Sandra Thompson in unsecured business loans

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A survey conducted by The Equipment Leasing Association reveals that many businesses in the US lease equipment – from the smallest office device like the laptop to the largest machines and vehicles. It has been reported that more than $200 billion worth of equipment are leased each year.

If you are a small business owner, here are some tips on how you can save more from your equipment lease:

1. Choose the Right Leasing Company. Dealing with the wrong lease provider may cause unnecessary problems. For example, you may encounter delays with the approval of your lease application or with the delivery of your leased equipment. Some leasing companies may charge hidden fees or may not provide the best customer service.

To avoid such complications, it is essential that you shop around for potential business equipment lease companies with good reputation, stable financial condition, and an impressive track record of service.

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Equipment Lease Tips for A Restaurant Business

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Posted on 4th June 2010 by Sandra Thompson in unsecured business loans

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If you are planning to get into a restaurant business, one of the biggest challenges you will face is equipment financing. Setting up your own restaurant demands a considerable amount of cash. For one, you need to invest on restaurant equipment such as stoves, grills, gas range, freezers, tables, seats, cash register, credit card machines, computer, etc. Think about how much start-up capital you will need to be able to buy all the necessary equipment and furnishing.

True, you can apply for a business loan, but if you spend all money on equipment alone, there may not be much left for other expenses such as marketing, supplies, and hiring workers. Is there an alternative financing option for aspiring restaurateurs? Rather than purchasing all the equipment and furnishing your business needs, why not consider business equipment lease financing?

Here are equipment lease tips that are especially for restaurant business owners:

Make Sure It’s NSF Approved. If you are going to lease kitchen gadgets like blenders, mixers, refrigerators, coolers, etc. you need to make sure that the devices all has the NSF (National Sanitation Foundation) Sticker. Commercial kitchen appliances that do not have an NSF Sticker may cost you levies and fines once your local health department conducts sanitary inspection.

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