Leasing equipment: Introduction
you decide to lease some or all of the equipment needed in your
business, you will be in good company. A reported 80 percent of
small business owners lease at least a portion of the items they
And thanks to industry consolidation and stepped-up
competition, banks are beginning to explore the small-ticket leasing
market in increasing numbers: Three percent of U.S. banks now offer
small ticket leasing -- a change from the past, when banks steered
clear due to the risk.
Larry Elton, president of Advantage Leasing Corp.
in Milwaukee, explains it this way: "If you're leasing five to 10
million dollars worth of equipment to a large company, of course
there is less risk involved than leasing to a smaller, younger,
and maybe less established business."