Why Use Lease Financing If Bank Financing Is Available?
Often customers will ask, "Why should we lease when we
have a line of credit from the bank or we can obtain a line of
credit from the bank"? Our customers have often indicated
the following as major reasons why they have used lease financing
rather than bank financing:
- Lease financing is faster than bank financing.
- Leasing companies rarely require onerous restrictive
covenants sometimes contained in bank loan agreements.
- Leasing documents are generally easier to understand
and shorter than bank financing documents.
- Leasing preserves bank lines in the event a need
- Leasing companies tend to be more flexible than
- Leasing personnel often specialize in an industry and
thus understand a customer's need better than bank
For a listing of our past tips, just click here.
© LPI Software Funding Group, Inc.
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February 27, 2006