Which Consumer Financing Option Should Your Business Offer?
Leasing thereby allows you to direct cash toward other business expenses and investments. An improved cash position can also help your ongoing ability to obtain additional debt. However, you should be aware that leasing from conventional lenders may be difficult for startup businesses because traditional lenders require an operating history from prospective lessees. Searching Google or your local telephone book may reveal factoring “brokers” that can assist you in locating suitable factor companies. Commercial finance companies, certain banks, and a variety of different types of financial companies will purchase your receivables. Also disclose any prepayment penalties or stipulations in your … Read more