Factoring is not a loan and does not involve credit. It is the sale of an asset - money owing from sales - and is a method of alternative financing for small businesses.
This is a popular method of alternative financing for small businesses. You can lease almost any type of equipment for a series of tax deductible payments.Leasing equipment is secured by the equipment much like car leases. For equipment less than $100,000 you don't usually have to provide financial statements, tax returns or even a business plan.
Many leasing programs have no down payment, low interest rates and quick approval.
The benefit of leasing is that you preserve your cash flow while deducting the expense of leasing and related costs.
Leasing is available for manufacturing and production equipment, research equipment, office equipment, all kinds of equipment. Leases are negotiable and you should shop around and negotiate.
You can also lease used equipment, which is a secondary market for leasing companies. You can even sell your own equipment to a leasing company for cash and lease the equipment back from them with a buy back option.
