When companies of any size acquire equipment, using credit and monthly payments is far and away the most popular option. Which typically means either financing or leasing the equipment. While the ...
This article was written exclusively for ForConstructionPros by small business loan provider Balboa Capital. Business owners, project managers and general contractors in the construction industry know ...
There are several options for financing equipment purchases, including term loans, SBA loans, equipment loans and leases and business lines of credit. Each type of loan has advantages and ...
Companies that own large pieces of equipment often choose to lease that equipment to other businesses. The company, or lessor, reviews the terms of each lease to determine how to record it in ...
A lease is in essence an extended rental agreement under which the owner of the equipment allows the user to operate or otherwise make use of the equipment in exchange for periodic lease payments. In ...