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Kenneth Bentsen Jr. is president of the Equipment Leasing and Finance Association, a trade association representing financial services companies and manufacturers engaged in financing the utilization and investment of and in capital goods. For more information, visit www.elfaonline.org.
Equipment financing is a strategic financial option for businesses to consider regardless of the economic climate. But, it can take an increased role during a downturn when maintaining cash flow, preserving capital, obtaining flexible financial solutions, and other benefits of financing are even more critical to helping businesses ride out the storm.