| Benefit |
Lease |
Cash Purchase |
Term Loan or Bank Line of Credit |
| Fund the purchase of equipment, software and services without a substantial cash outlay. |
|
Entire amount is due upfront. |
Most require a large down payment and associated fees |
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| Easily upgrade or add equipment. |
|
|
Most banks require you to apply for another loan. |
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| Match payments to current cash flow. |
|
Entire amount is due upfront. |
Traditionally not flexible. |
| |
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| Avoid affecting bank lines of credit. |
|
|
You will greatly affect your bank lines of credit. |
| |
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| Defer payments until after the equipment generates benefits. |
|
Entire amount is due upfront. |
Repayment begins immediately |
| |
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| Get same-day approval for financing. |
|
N/A |
It could take days or even weeks to get approval. |