There are many directions you can take when it comes to funding equipment for your business. If you don’t have enough time to do in-depth research, then we have you covered. Covering the expense with cash, a bank loan, or a lease are three methods you should consider. Each has it's benefits and disadvantages, but it's up to you to decide what's best for your business when it comes to your next equipment purchase.
- Paying with Cash – Convenient, but inhibits you from purchasing more equipment
- Using a Loan – Helpful if you have a relationship with a bank, but has strict qualifications
- Getting a Lease – Saves you cash and gives you the chance to speak with leasing experts
Check out our quick guide below to see what works best for you and your business.