What Is the Benefit of Leasing Office Equipment?

Leasing equipment can free up cash. Equipment leases rarely require down payments, though you may have to set aside some cash for a refundable security deposit.

By contrast, if you take out a loan to finance equipment, you will probably need to put down 25 percent or more. Leases are also much easier to finance since banks often want to see two to three years of financial records, which new businesses won't have.