What means of obtaining your capital equipment is right for you? Is it Leasing, a Bank Loan or Paying Cash?
Review the following and find out what’s best for your business.
|Can my business acquire capital equipment without a substantial cash outlay?||YES||NO||NO, most banks require a large down payment.|
|Can my business customize the payment to meet our cash flow requirements?||YES||NO||NO, the bank normally dictates the payment.|
|Can my business avoid affecting our bank line of credit?||YES||Not Applicable||NO, your bank line will be affected a great deal.|
|Can my business delay payments until after the equipment begins to pay off?||YES||NO||NO, payments begin when the loan starts.|
|Can my business get approval for financing in one day?||YES||Not Applicable||NO, it could take days or weeks.|
|Can my business upgrade or add on equipment without difficulty?||YES||NO||NO, banks often require customers to apply for another loan.|
|Can my business deduct* all or most of the monthly payments from their taxable income?|
*Check with your tax consultant for details.
Leasing is more flexible, more economical and places fewer demands on your cash flow. Please contact Dantova Financials at 406-461-2932 for more details on a Business Lease verse a bank loan or paying cash.