Friday, July 07, 2006

Use of Equipment Leasing Increases

Equipment leasing continues to be an excellent source of financing for businesses acquiring assets including machinery, construction equipment, office equipment, medical equipment and point of sale equipment to name a few. According to the Equipment Leasing Association, originations were up more than five percent for the month of May, totaling $5.9 billion in new business volume for both equipment leases and loans.

Leasing helps preserve working capital and often creates tax advantages for the lessee. Additionally, leasing can be much easier to obtain than a loan - many lessors can approve a lease financing for up to $100 thousand after review of a completed one page application.

If your company is planning to buy new equipment, lease financing may be an excellent financing solution for your consideration.

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