February 18, 2020


One of the biggest challenges in running a small business is managing the constant flux of money coming and going and trying to puzzle out how best to deploy what you have to grow and enhance your business while keeping enough set aside for the inevitable ups and downs and unforeseen expenses that will inevitably crop up.

It is definitely the balancing act that you have to perform each day in addition to the thousand other things you are asked to take care of as you work on and in your company. Part of what takes up your cash plus requires decision making in this particular facet of your business is the need to add to plus upgrade the actual technology and tools you need to keep your business running everyday so you can serve your customers and keep the particular sales coming in and the bills compensated.

As you consider your options in taking care of these equipment decisions one choice you might not have given much considered to but which could actually work well to assist solve some problems is using small business equipment leasing to alleviate your cash problems when you obtain your new gear.

Along with small business equipment leasing you have a bitter sword working for you. On the one part it requires typically only a single month’s payment or at most two month’s payments to actually get the equipment in your hands and working for you unlike the bank loan that will require a much steeper down payment.

The lease can also have lower monthly payments because rather than tallying to pay for the entire value of the equipment in advance as with a loan you can structure a lease to be for only a portion of the value of the equipment and then at the end of the phrase you can decide to buy the stuff, restore the lease or simply turn it back in and upgrade or switch to something different.

By doing things this way you are only paying for the value you are extracting from your things you use and you have much more flexibility in your decision making which is always a vital.

The other edge of the sword originates from what you are not doing which in this case is using your current credit lines to cover equipment.
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You can maintain your current credit score and save it for items that are more suited to a credit line for example payroll bumps, buying inventory and emergency expenditures. The lease may also preserve your credit and can actually improve it with timely obligations.

The other big savings from leasing can come from the tax benefits you may get depending on your other assets and the type of depreciation you may qualify for along with leasing versus buying.

The bottom line is that for a small business equipment leasing can both save you money in lower taxes and also save you from having to draw a big chunk of cash out from the business to pay for a loan down payment and bigger monthly payments. A lease just isn’t always the right fit for every situation but it is something worth looking at and at least seeing if several or all of the advantages it offers may help you out in your particular situation plus benefit you more than a traditional mortgage or using a line of credit as you otherwise might do in this instance.

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