Preserving cash reserves; What can you lease?

In the ever-evolving landscape of Canadian small businesses, the quest for adaptable and budget-friendly solutions to acquire physical assets is crucial. Whether you're navigating the challenges of business expansion, fulfilling new contracts, or seeking to preserve cash reserves, exploring equipment leasing can be a game-changer.

You might be wondering, "What exactly can I lease?" or "Is leasing applicable to my needs?" Sometimes, it's a matter of not realizing the leasing potential for certain assets.

Discovering the Versatility of Equipment Leasing

Every business has its own unique requirements, which is why leasing covers a broad spectrum of industries. Simply put, if your business involves physical assets, you can lease them!

Here's a glimpse into the diverse categories of equipment suitable for leasing across various industries:

- Agriculture: Tractors, farm machinery, irrigation systems, harvesting equipment

- Construction: Excavators, bulldozers, concrete mixers, scaffolding, construction tools

- Transportation: Commercial vehicles, forklifts, trailers, cargo containers

- Security: Surveillance systems, access control systems, alarms, monitoring equipment

- Restaurant / Hospitality: Commercial kitchen appliances, point-of-sale systems, furniture, decor

- Technology: Computers, servers, networking equipment, audio-visual systems

- Manufacturing: CNC machines, packaging equipment, assembly line machinery

This list is just the tip of the iceberg, showcasing the vast possibilities.

Evaluating Leasability in 3 Simple Steps

Consider these three straightforward questions:

1. Is it a physical or tangible asset?

2. Is it intended for business use?

3. Does its combined value amount to $10000 or more?

If your answers align with these questions, then leasing is a viable option.

Embracing the Benefits of Equipment Leasing

1. Capital Preservation: Leasing allows businesses to preserve capital for core operational needs, steering clear of hefty upfront investments that could strain financial resources.

2. Tax Advantages: Lease payments are often fully tax-deductible, providing potential tax benefits compared to outright purchases.

3. Credit Line Preservation: Unlike traditional loans and lines of credit, leasing doesn't tie up credit lines or contribute to debt load, ensuring businesses maintain financial flexibility.

Not Everything is Leasable

It's essential to distinguish between equipment leasing and other financial services. Leasing pertains to physical assets that directly contribute to business operations, such as machinery, vehicles, and technology.

On the flip side, working credit, capital loans, and lines of credit serve different purposes, often focusing on providing liquid capital rather than acquiring specific assets.

Ready to Propel Your Business Forward?

EquipEASE Lease Co. stands ready to fuel your business growth with the equipment it deserves.

Call or email, for a complimentary consultation to determine if leasing is the right fit for your needs!

Call us at 1-844-250-EASE

Email us at info@equipease.ca

Follow us on Facebook @equipease and Instagram @equipease