Is Equipment Leasing Right for You?

In thinking about whether leasing is the right solution for obtaining equipment for your business, ask yourself the following questions: " Will depleting your available cash put your business in a defensive position?

• Does technology increase rapidly in your industry, rendering equipment obsolete in three to five years?
  
  
• Would you like to get a more expensive piece of equipment, but are concerned about spending additional cash to do so?
  
  
• Are you planning on applying for any financing where your balance sheet will be scrutinized?
  
  
• Is your business seasonal where you need a custom payment structure to properly manage your cash flow?
  
  
• Have you been turned down for a line of credit or had your bank close your current credit line?