Leasing equipment can be especially important during a recession, as it allows businesses to acquire the equipment they need without having to make a large upfront investment. This can be crucial for businesses that are struggling financially, as it can help them to preserve their capital and stay afloat during difficult economic times.
Additionally, leasing equipment can provide a more flexible and cost-effective alternative to purchasing equipment outright. For example, businesses may choose to lease equipment for a shorter term during a recession, in order to be able to upgrade or replace it more frequently as market conditions change. This can be especially beneficial in industries where technology and trends are constantly evolving.
Leasing equipment can also provide tax benefits, as lease payments can generally be written off as a business expense. This can help businesses to reduce their overall tax burden and improve their cash flow.
Furthermore, during a recession, many businesses find it difficult to secure financing, leasing can be an alternative way to acquire equipment, since businesses are not required to take on debt.
In summary, leasing equipment can be an important tool during a recession, as it allows businesses to acquire the equipment they need without having to make a large upfront investment, provides flexibility and cost-effectiveness, tax benefits, and a alternative way to acquire equipment without taking on debt.
Because I specialize in equipment and software financing between $1k – $1mil, it’s important that I move rapidly. And with the help of my team, I’m able to move deals from application to funding within hours.
And not just for well-established companies, I close quickly on start-ups and sole props as well.
I work hard every day, rarely take a day off, and ALWAYS return calls. And with my decade-plus of experience in finance, I know how to work a deal. Call me and find out for yourself.
Jim Coxon - Equipment Lease and Finance 