There are several benefits of leasing equipment over purchasing it directly. Ofer Horn sites that one of those benefits is that you have a structured payment plan. Instead of paying all at once, the business owner is able to pay in monthly installments, which keeps cash in the business bank account and gives the business owner an amount that is steady each month.
Additionally, leasing equipment, when done with Providence Capital Funding, is quick and easy! The process begins with a simple submission of your application.
Obsolescence is another key benefit with leasing. At the end of your lease, it is possible that the equipment you own is no longer state of the art. With a lease, you don’t have to ever purchase the equipment, and you are able to lease the newest version of your piece of equipment at the end of your lease term.
Tax advantages! Ofer Horn can site numerous times that companies have benefited from the great tax advantages that leasing equipment can offer!
Contact Ofer at Providence Capital Funding to get your new equipment lease started!
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Depending on the industry that you are in, there are several resources available to find the equipment that your company needs. For those that are in need of tractors, a great resource to find new and used equipment is Tractor For Sale. It is basically a classifieds site in which users can find new and used tractors in their area.
Another great site for finding new and used tractors is Tractor House.
For those individuals looking for direct mail equipment, Ofer Horn suggest All for Mailers. This site offers all that a company needs to create a successful direct mail house.
Alternatively, there is always Craigslist - one of the largest classifieds site on the internet. Buying equipment from an independent third party is sometimes risky. Ofer suggests researching the equipment very thoroughly, or even having a professional inspect it before purchase.
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There are many services that Providence Capital Funding offers that can help your business mature. By partnering with industry leading entities, we have several programs and products for your business. There are a plethora of leasing packages available for the many different types of companies that need equipment financing.
The loan products offered by Providence Capital Funding, such as Middle Ticket Leasing, can provide equipment financing loan amounts from $150,000 to $5,000,000. Transportation items available for financing are extremely variable, including tractor trailers, forestry equipment, mining equipment, etc…
Ofer Horn can help your business obtain the equipment financing it needs to grow and evolve through the many packages available from Providence Capital Funding.
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Providence Capital Funding provides a lease calculator to determine facts and figures about your lease. Visit Their Loan Calculator to find out more.
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