Infographic: Cash, Loan, or Lease? Financing Methods

By Becky Neems| Mar 17, 2016| 2070 Views
Infographic: Cash, Loan, or Lease? Financing Methods

There are many directions you can take when it comes to funding equipment for your business. If you don’t have enough time to do in-depth research, then we have you covered. Covering the expense with cash, a bank loan, or a lease are three methods you should consider. Each has it's benefits and disadvantages, but it's up to you to decide what's best for your business when it comes to your next equipment purchase.

  • Paying with Cash  – Convenient, but inhibits you from purchasing more equipment
  • Using a Loan – Helpful if you have a relationship with a bank, but has strict qualifications
  • Getting a Lease  – Saves you cash and gives you the chance to speak with leasing experts

Check out our quick guide below to see what works best for you and your business.

infographic showing which financing method is best for you

 

Becky Neems

Becky Neems

As a marketing coordinator, Becky collaborated with Beacon Funding industry experts to write informative content about equipment financing that helps business owners in the commercial truck and decorated apparel industries.