Starting a new business is an extremely exciting time. You have surely spent endless hours working on turning your ideas into a success. From securing financing, to writing out your business plan, to developing core strategies and products, you are planning everything. However, there are still a few loose ends to tie up before you officially hang the “open for business” sign on your front door. Namely, office equipment. After all, the right equipment can improve your productivity, ability to innovate and bottom line. Read on to discover how you can finance your office equipment.
Lease financing your office equipment: a simple solution
If you are unsure how to finance your office equipment, consider lease financing. This option presents an alternative to paying cash, taking out a loan, or securing other forms of financing. Basically, lease financing provides the opportunity to rent the equipment you need for a set period of time. There are many advantages to lease financing including tax breaks and the ability to conserve your working capital.
Lease financing your office equipment: no large upfront costs
The biggest advantage of leasing (renting) equipment is that there is no huge upfront cost. From office furniture to computers and copiers, buying everything you need at once can put a big dent in your wallet. However, by leasing office equipment you will have smaller monthly payments. This will help you manage your cash flow better without making huge changes to your budget.
Leasing your office equipment: higher-end equipment made affordable
By leasing your office equipment, you will most likely be able to afford higher-end equipment. In fact, lower monthly payments may be more manageable for you as opposed to paying the total cost up front. This means you and your staff will be able to enjoy better quality equipment and provide better quality results. Additionally, leasing can provide the opportunity to have the latest technology at your disposal, something you might not otherwise be able to afford. This is especially helpful if you work in an industry where upgrading is a frequent requirement. Dealers will often be open to renegotiating your contract for upgraded equipment as it means locking you in for another term.
Lease financing your office equipment: a wide variety of industries at your fingertips
Lease financing is not limited to just office furniture and computers. By consulting experts like SFL Leasing Group, you can have access to a vast network of reliable suppliers. For example, SFL Leasing Group can help you find equipment in a wide variety of industries. These include manufacturing, agricultural, beauty, dental and medical, IT, automotive, industrial, construction, restaurant, and more. Basically, the sky is the limit!
Financing your office equipment is a great alternative for startups, smaller businesses or growing businesses. It provides many advantages and the application process is quick and easy. Furthermore, many lease agreements include an option-to-buy and a maintenance plan. To learn more or apply for financing, contact SFL Leasing Group today.