Equipment Lease Financing vs. Other Payment Options
Financing your equipment purchase with is a smart decision for business owners on a budget. Get the equipment your company needs now and pay for it over time through affordable monthly lease payments. Use that equipment to generate revenue and significantly impact your company’s bottom line.
Equipment leasing is a smart alternative to purchasing if you do not want to own equipment that may become obsolete quickly. Learn how lease financing compares to other purchasing options:
Equipment Financing vs. Small Business Loans
Equipment financing may be an affordable alternative to a loan. Many lending institutions have very strict requirements businesses must meet before the bank will extend a loan or line of credit. Bank loans usually require a significant down payment that can range between 10% - 20% of the equipment cost.
With a TimePayment lease our standard program only requires one advance payment and the documentation fee prior to the start of the lease. TimePayment is able to offer financing to more businesses that have yet to establish a strong credit history or have a compromised credit history through our innovative, multilevel financing products.