Why Lease Equipment?
Basically equipment leasing is a loan in where the lender buys the equipment you need and rents it to you. At the end of the lease term, you will have the option of purchasing the equipment, re-lease the equipment, lease new equipment, or return the equipment.
For new and growing businesses equipment leasing doesn't tie up your cash into depreciating assets such as office equipment. With leasing you have no down payment unlike a loan and you have fixed payments throughout the lease term which works well for budgeting. Equipment leasing is also considered to be more easily attainable compared to a loan; which usually requires extensive documentation and often requires collateral. Equipment leasing won't deplete your cash reserve or have a negative impact on your balance sheet.