EQUIPMENT SALE LEASEBACK

SECURE A WORKING CAPITAL FOR YOUR BUSINESS

If you run a business, and you have approached financing companies for loans for

your recruitment, you may have come across a term called equipment sale

leaseback. What exactly is this? In this article, we will tell you what financing

companies mean by equipment sale lease back and the facilities that it offers.

A sale leaseback is when you use the current equipment that you already have in

your business as a collateral for a new loan which you will use to buy new

equipment. The already existing equipment would obviously be completely paid for.

If you have equipment that is on a loan, i.e. you are still repaying the loan for it, or if

it is only is you will not be able to use it for a sale leaseback. Also, it is necessary that

the equipment is in good condition and has good value if it has to be considered for

a leaseback option.

What exactly is the benefit for businesses if they want to use the equipment sale-

leaseback financing option? There are a few major advantages for businesses opting

for this.

It is very easy to get approved, and this is the most advantages things. When the

funding gets approved very quickly, it will benefit you because you will be able to

make the purchase immediately and increase the profits. The application can be

approved within about 24 hours. When you submit the application for a sale

leaseback, make sure that you fill it up properly and also list all the equipment that

you want to buy.

This loan can also be used for working capital, if you don't want to immediately buy

more equipment. Or you could also use it for business expansion by buying better

model equipment.

Even if you do not have a long amount of time in the business, that is not

considered as a factor in approving the sale-leaseback option. In fact, this type of

financing is suitable even for people who do not have a personal credit history.

So what are the best types of equipment that can be bought with this facility? There

is no major restriction on the equipment that can be bought. You can buy trailers,

trucks, manufacturing equipment, industrial equipment, or different types of

construction equipment. However, there are certain equipment categories that will

not be financed by this type of arrangement. These are equipment that drastically

reducing value in a very short time. Such equipment include office equipment as

well as computers.

But for other business equipment such as for manufacturing and construction

industries, sale-leaseback is an excellent option.

Visit http://www.leasefunders.com/equipment-sale-leaseback.htm for more details.