You rely on equipment every day to operate and grow your business. But the value of that equipment comes from using it, not owning it.

Bank Loan
Initial out-of-pocket cost No money down 100% of cost Down payment, usually 15-25%
Length of term Longer terms available, up to 60 months Paid in lump sum up front Usually 24 or 36 months, rarely longer
Impact to credit line None. Credit lines preserved Balance sheet impact Decreases credit limit with bank
Payments Fixed payment, possible tax benefits Balance sheet impact Floating or variable rate - could go up or down
Upgrades or add-ons Simple to add or upgrade No obsolescence protection Re-application often required