Benefits of Equipment Leasing

Whether you have just started a small business or have plans to grow, in order to make it a successful one, you need to have all the equipment and resources that are necessary. The only way to achieve success in your business is by keeping your equipment up to date so that your services don’t go out of order and your equipment doesn’t become obsolete in today’s fast growing technological world. Obviously you will need lots of money to keep upgrading your equipment, and if your business is not making huge profits, then there is no way for you to balance the expense of getting new equipment every time a better version of it comes to the market. This is where equipment leasing comes in the picture.

These days, equipment leasing is the best way to keep your finances balanced and update your equipment without too much expense. Whether you run a small business or a large corporation, equipment leasing is beneficial for both. The following are a few advantages of equipment leasing to give you a clear picture of what this is all about:

No Risk of Obsolescence

Leasing equipment is always better than buying it because if the technology becomes obsolete, you won’t get stuck with the same old tools. When you buy equipment, the only way to get rid of it is by selling it. With equipment leasing, you don’t need to worry that. When the lease is up, you can upgrade your tools and equipment easily. You can change your equipment according to the changes in technology and keep your customers satisfied by the new and improved services. This greatly helps in increasing the profit of your business.

Flexibility in Business

Another advantage of a lease is that it allows you to save the money as you don’t have to buy the equipment. The money saved from this can be used for other purposes like expanding your business and managing new services.

Tax Benefits

Leasing your equipment allows you to have a number of tax benefits as well since the payments for a lease are considered to be rent expenses and are therefore deductible from the tax amount when you use the lease equipment. If you are aware of all the IRS rules about using lease then you can take advantage of all the tax benefits.

Financial Stability

Leasing equipment provides financial stability and keeps all your expenses within the budget. If any equipment gets damaged, repairing it can sometimes cost more than replacement. The terms of a lease allow you to replace your equipment with minimum expense. This helps immensely in conserving business capital.

When you consider all these benefits, it’s easy to realize how important leasing becomes when the world is constantly developing new and improved equipment. Leasing equipment keeps you one step ahead of any competitors try to buy their equipment and helps keep some money freed up for other expenses you may have. Seriously consider the pros and cons of leasing versus buying.


APPLY NOW

Questions?? Call Us Monday - Friday 8 - 4 P.S.T (702) 979-1288

THIS NUMBER IS FOR BUSINESS LOANS INQUIRIES ONLY

Equipment Vendors Click Here

Featured


  • Equipment Leasing For Businesses [more]

  • Working Capital For Businesses [more]

  • Consumer Credit Cards [more]

  • Consumer Loans [more]

About Us

NHBS Inc has been helping small business obtain secured forms of financing since 1999. We offer specialized equipment leasing programs for start up businesses and businesses facing credit challenges.
  • Equipment Leasing Programs
    We provided equipment leasing in the USA only. Minimum lease amount of $5,000. We do most types of equipment and provide programs to equipment sales people to help them provide financing for their customers [more]
  • New Business Equipment Leasing (Start up Businesses)
    This program requires no time in business. Must types of equipment funded. No vending routes or ATM routes. Minimum lease amount is $5,000. Homebased business o.k. [more]
  • Bad Credit Equipment Leasing
    This program is for people with PAST credit problems. If you are currently going thru problems or your bankruptcy is less than 3 years old. This program is not for you. Must have started to re-establish credit. Minumum lease amount of $5,000. [more]
  • Secured Business Loans
    These programs are secured by some sort of collateral. It can be already owned equipment, a companies accounts recievables, or even their monthly merchant account. Most of these DO NOT require the business owner to have good credit. Since the loan is secured, bad credit can be approved. [more]