benefits of leasing
Of all the advantages of leasing equipment, we list this as number one. That’s because saving cash is what business owners appreciate most. Equipment financing saves your cash flow that would have otherwise been used if you were to pay for your equipment with cash. With an equipment lease program, which is designed around your specific equipment needs and budget, you make affordable monthly payments over time. This allows you to save your money for business expenses, expansion and more.
Equipment lease financing presents your business with some fantastic tax benefits. The IRS allows for lease payments to be fully deductible if your business uses the leased equipment. Marlin Business Bank has a free Section 179 tax calculator that gives you an instant estimate of how much you can save when you finance equipment.
You are well aware of how important it is to keep your business credit line healthy… and open. Getting funding for business expansion, staffing and other operational expenses requires solid credit, and having an open credit line allows you to respond immediately in a time of need. Equipment leasing lets you keep your business credit line open and strengthen the cash flow of your business.
A more attractive balance sheet can be yours thanks to equipment leasing. That’s because your monthly lease payment is viewed as a business expense instead of a liability or long-term debt. As you know, having little or no debt on your company’s financial statements is a huge benefit when it comes time to secure business funding.
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