Consider The Benefits Of Leasing Business Equipment
When it comes to obtaining equipment, there are two main options: Buy it or lease it. Increasingly, businesses today are turning to leasing due to the inherent tax, cash flow and other financial benefits leasing offers.
If you're considering acquiring a new piece of equipment, here are a few of the benefits of leasing you should consider:
Leasing is considered off-balance-sheet financing. This generally improves leverage, making you a more attractive borrowing candidate.
Leases are usually more affordable, since payments are lower than loan payments.
A lease can be structured to provide 100 percent financing, freeing up valuable cash for other business purposes.
There are tax benefits to leasing, such as the ability of the lessee to expense lease payments. Leasing may also reduce exposure to the alternative minimum tax (AMT).
Interest rates remain fixed for the life of the lease, which improves budgeting.
If you'd like more information about M&T Bank's small business financing options or if you would like to meet with a local M&T small business specialist, call 1-800-724-6070 to set-up an appointment.