Is Equipment Leasing right for your business?
The benefits of equipment leasing are as numerous as the thousands of American businesses that lease equipment every year. Over 80% of all US Companies lease all or some of their equipment, and leasing accounts for over 30% of the dollars spent by American businesses on capital equipment every year, making leasing a $350 billion dollar a year industry.
Here are some things to consider when deciding if leasing is a viable option for your business:
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100% financing: unlike most bank loans, an equipment lease you can finance the entire acquisition cost with no large deposits or down payments are required.
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Simplified cash flow: fixed payment schedules provide fiscal control and can be tailored to meet your seasonal needs if required.
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Capital preservation: you can get the equipment you need without tapping into your borrowing power or cash reserves so you can keep your capital free for other business needs.
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Expansion safeguard: new equipment can be added to your existing lease allowing you to keep up with the changing needs of your growing business.
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Faster implementation: an equipment lease can be structured quickly to get your new equipment working for you as soon as possible.
Fast turnaround
Right from the start, you'll be working with a decision maker, so a prompt response is guaranteed. Sterling works fast to meet your business needs so that your new equipment can start making money for you quickly. More importantly, your Sterling expert will carefully craft a customized lease to meet your company's individual needs.
Call Steven Orenstein, Senior Vice President, at 212-575-2474 or email
steven.orenstein@sterlingnationalbank.com to discuss how Sterling can be of assistance.
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