Lease Finance
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What is Lease Finance?
Lease Finance is a type of funding that allows businesses to access assets without ownership. This can be for lease equipment, furniture, tools, vehicles, technology, without having to purchase them outright. The business instead enters into a lease agreement with a leasing company, and paying regular rental payments for the use of the asset over a set period of time.
With lease finance it offers flexibility, so businesses can choose from various lease options, including operating leases and finance leases.
An operating lease typically offers lower monthly payments and allow businesses to return the asset at the end of the agreed lease term. Finance leases may provide the option to purchase the asset at the end of the lease term for a predetermined price.
When using lease finance, small businesses and sole traders can access the assets they need to grow and operate efficiently, while conserving capital and preserving credit lines.
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