Leasing equipment is not only a booming industry, but a common occurence for most business owners. Nearly 80% of U.S. businesses lease equipment which totals more than $280 billion in leased equipment sales annually. Businesses expend 30% of their capital on leasing equipment and for many that means getting a loan to finance the transaction.
It’s not unusual for many businesses to turn to banks when they need financing. Unfortunately, securing a loan from a bank for lease equipment can be like pulling teeth.However, there is an alternative. There are several private firms throughout the U.S. that will extend financing for the leasing of capital equipment that businesses rely on for their operations.One such group is Wirth Business Credit based in Minneapolis, MN. Their equipment leasing programs help business owners:
Maintain cash availability— Their lease solutions require very little cash up front. Allowing cash to be invested in your business and not in depreciable assets.
Preserve borrowing capacity — Leasing does not limit your future ability to borrow. They do not require blanket security interests in your business or personal assets.
Conveniently acquire what you need – With a minimal amount of documentation, they will process your lease request. A single page application form is all that is needed for transactions up to $50,000.
Hedge against inflation — their leases are fixed rate products. With fixed rates you know where you stand and don’t have to worry about rising interest rates.
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