The Benefits of Equipment Leasing for Business Owners

Equipment Leasing continues to remain one of those terrific, convenient tools for the business owner, today.

Even in this uber-competitive world of record long standing and low interest rates and where incredible quality and quantity of conveniences for the businessperson are being offered through new technology and the web every day, Equipment Leasing cannot often be beat.

Here are a few reasons you may not have even considered:

1) When was the last time your banking account manager was changed?

Typically, most leasing companies are only small to medium size businesses.

Once they are bigger than that – they too, enter the ‘big banking’ level of operation, on all levels. Like most banks, the management, tellers, and your account executive changes at least every 3-4 years.... if not sooner.

They get promoted, moved or simply taken off of your account so that familiarity can NOT be attained - who knows why this happens - it just seems to all the time.

I know that in my company I have been answering my same client's (and many more new ones!) phone calls since 1995. I know what my client needs sometimes even before they call.

And they know to call me for all of their debt financing requirements: everything from lines of credit to mortgages - both residential and commercial - to all of their Equipment and Leasehold improvements.

I recently won a contract - and client- simply because each time this new client called with a question or inquiry, I answered within two rings of the telephone.

Would you like this kind of service especially when you have very little time and a niggling administrative task that is holding up EVERYTHING with something as important as your banking, financing or accounting?

Would you prefer someone that you have taken the time to get to know and who time and again, will take care of your banking and financing needs?

Next time - call a leasing company and start a banking relationship that will last and really will be personal.

2) Interest Rates for Equipment Leasing in the Professional sector typically start at the 3 year bond + 3.25 basis points.

That's just under 7 percent.

You can have your cake and eat it too: your full borrowing power full line of credit at your bank as well as an equal amount of additional borrowing through a 'private' lease line that typically is not reported to your bureau (unless in default) and that will finance any leasehold improvements, software & service contract and of course, all Equipment leases.

If you have any questions on this or any other debt financing related topic we would love to hear from you: if we don't have the answer for you - we will find somebody who does.

That's our promise to you.