Benefits
- Quick access to cash
- Limited paperwork
- Equipment serves as collateral
- Lukewarm credit OK
Drawbacks
- Down payment may be required
- Depreciation will reduce tax deductions
- May have large buyout at end of term
- Equipment subject to obsolescence
At Big Think, we can help you structure the best loan for your needs. If you’re confused or need clarification about the qualifying requirements for a loan, please contact us. We’ll be happy to help.
