Are you interested in renting equipment on an operating lease?
An operating lease is, by definition, an arrangement for a company to pay to use equipment, vehicles, a building, etc. for a particular period: typically over a short or medium term, shorter than the lifespan of the asset.
These types of agreements usually mean that the funder will cover the maintenance costs, meaning that your business will not have any of the risks and rewards of owning the asset, compared to other agreement such as hire purchase.
Types of businesses that prefer these agreements, tend to be those who like to upgrade or update their equipment on a regular basis, giving them much more flexibility to do so compared to traditional hire purchase or finance lease agreements. Some funders even allow for an upgrade mid-agreement.
The Funding Store have a panel of lenders that can assist with your search for that right business loan. Once you have decided what best suits your business needs then why not contact us on 01908 880420 or request a call back at a more convenient time.