What Kinds of Businesses Lease Equipment?
All kinds and sizes of businesses; from the largest multinational companies and professional practices, to “mom ‘n pop” businesses and individual proprietors; use equipment leasing as a way of acquiring the use of the tools or furnishings they need to be productive and profitable. According to industry and government statistics, 80% of all businesses lease at least some of what they use; an estimated $147 billion dollars worth of equipment in 1995. Any growing business can benefit from using equipment leasing. It provides a practical way to stay abreast of the latest trends and use the newest, most productive equipment without draining valuable equity cash from the business or tying up important bank lines of credit. Tying up cash in fixed assets can severely restrict the ability to move quickly on other opportunities.
All kinds and sizes of businesses, from the largest multinational companies and professional practices, to “mom ‘n pop” businesses and individual proprietors. Businesses use equipment leasing as a way of acquiring the use of the tools or furnishings they need to be productive and profitable. According to industry and government statistics, 80% of all businesses lease at least some of what they use; an estimated $180 billion dollars worth of equipment in 1998. Any growing business can benefit from using equipment leasing. It provides a practical way to stay abreast of the latest trends and use the newest, most productive equipment without draining valuable equity cash from the business or tying up important bank lines of credit. Tying up cash in fixed assets can severely restrict the ability to move quickly on other opportunities. Return to top…
