Small Business Equipment Leasing
April 11th, 2010 | by admin |For businesses looking to acquire equipment for values under $250,000, there are basically four levels of small business equipment leasing to consider.
The first level is the small business federal government insured programs with the chartered banks which offer the lowest effective financing rates.
The second level is with other types of institutional lenders where the rates are slightly higher than the chartered bank programs, but not quite as stringent for qualifying.
The third type is the small ticket leasing companies that focus on a broad spectrum of equipment, with an financing rate range of 9% to 15%.
The last level is the asset based lender who is only interested in the liquidation value of the equipment and will lend or lease on that basis.