Welcome to K9 Bytes® complete pet care business finance resource. We are the leading resource for pet care software and equipment leasing. Learn about various service options and special considerations for your specific business needs. Get free competitive rate quotes from our premier service providers.
Equipment leasing is the perfect solution for cash-strapped businesses that want to add valuable equipment for an office, construction business, or retail outlet but can’t afford the up-front costs. A lease allows you to spread your payments out over time and own it at the end of term.
Why Leasing
With a lease, you can bring state-of-the-art or necessary equipment into your business. You can now afford software/hardware combo packages, without having to allocate much of your available cash flow. Equipment leasing gives you the flexibility to use your funds to grow your business in other areas.
Leasing equipment offers distinct advantages that make it a worthwhile investment. For example:
Small initial investment
While you still must come up with some cash for application and set up fees, it’s still significantly less than a large equipment purchase or the costs of securing a bank loan.
Never fall behind the times
Since some leasing terms can be for just a year or two, you’ll be able to upgrade to better equipment on a regular basis.
Tax privileges
Some types of leases allow you to deduct all payments towards the lease as a business expense.
Improves business cash flow
By not paying a large sum of money up front for your equipment, you can keep more cash in-house to reallocate towards other areas of the business.
Better financing option
You don’t need a lengthy (or strong) financial history to get a lease. This is very important for the newest of businesses that might be very credit worthy, but haven’t been around long enough to establish themselves.
Increased purchasing power
Use your resources more effectively to get high-quality equipment you may not be able to afford outright.
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