Equipment Leasing Finance Facts
Equipment leasing finance options are the best alternatives to purchasing new machinery, tools and technical apparatus for businesses. Approximately 80 percent of companies in the United States currently use equipment lease financing for some or all of their technology and machinery, according to the U.S. Department of Commerce. And if this isn't enough to prove the legitimacy of equipment lease finance options, consider the fact that the leasing volume in the United States exceeded $295 billion in 2003 alone. One of the main reasons so many businesses choose equipment leasing finance programs is because it allows them to keep more money in their accounts.
For a growing business, equipment lease financing may be the only option that allows them to bring on new staff when necessary, make rent payments and cover other required expenses. And because equipment lease finance is not considered a long-term debt or liability, it makes businesses more attractive to traditional lenders when they need them. More than 30 percent of all the capital investment in machinery and technology is through equipment leasing finance programs. Large corporations and small businesses alike rely on equipment lease financing, and this fact is not likely to change any time in the near future. Experts say that the equipment lease finance industry should continue to grow at a rate of six percent or more for many years. It is something that any entrepreneur should look into before they open an office or start production.
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