As many industries become more reliant on technology and machinery, the term “equipment” takes on a greater meaning. When the time comes to upgrade existing systems or purchase new equipment, businesses can incur significant costs. Equipment capital leasing provides a cost-effective solution for businesses to get the equipment they need without breaking the bank.

What is Equipment Leasing?

Equipment leasing is a type of financing that allows businesses to obtain the use of certain machinery or equipment for an agreed-upon period of time. The business then makes payments to the leasing company, with the option to purchase the equipment at the end of the lease term.

Benefits of Equipment Leasing

There are many benefits that come with leasing equipment, particularly for small businesses. Equipment leasing can provide much-needed flexibility when it comes to budgeting and cash flow. It can also help businesses keep up with the latest technology without making a large upfront investment.

The Process of Equipment Leasing

The process of equipment leasing is relatively simple. Businesses first identify the equipment they need and then reach out to Moby Capital. We will then assess your business’s creditworthiness and come up with a lease agreement. Once the agreement is signed, you can take possession of the equipment and start using it right away.

At the end of the lease term, you will have the option to purchase the equipment outright, return it to Moby Capital, or renew the lease agreement.

Moby Capital is here to help your business grow and succeed. Contact us today to learn more about our equipment leasing solutions.