If there’s one thing a business can’t do without, it’s the right equipment. Having state-of-the-art equipment allows for maximum efficiency and can increase sales. Rather than drain your working capital or a business line of credit, consider equipment leasing as an alternative method of small business financing.
Whether you need furniture, computers, software, printers or other tools of the trade, equipment leasing provides the perfect opportunity to get up to $2 million worth of equipment without breaking the bank. By leasing equipment, you’ll preserve your credit and you won’t need to put any collateral on the line. Plus, it’s easy to upgrade equipment when the lease expires.
Equipment leasing usually offers two- to five-year terms with fixed payments. Interest rates range between 8.5 percent – 20 percent, based on business industry, the borrower’s credit history and equipment type.
To get started with equipment leasing, you’ll need:
Guidant provides affordable equipment leasing programs that give you access to the equipment you need while saving money. Our experienced consultants can guide you through this small business financing option and form a flexible repayment program with fixed rates that meets your budget.