WASHINGTON — The Equipment Leasing and Finance Association (ELFA) reminds small businesses of five key factors to consider when acquiring equipment. Most small businesses need equipment in order to operate and grow, and each business must decide on an acquisition strategy that is right for them. A majority of businesses turn to equipment leasing and financing so they can take advantage of a range of benefits.
“Equipment leasing and financing help all types and sizes of commercial businesses to acquire the equipment they need to conduct their business operations,” said William G. Sutton, CAE, ELFA president and CEO. “For small businesses in particular, which may not have access to many funding options, equipment financing offers flexible, budget-friendly options that can help with cash flow and keep their equipment up to date.”