Opinions expressed by Entrepreneur contributors are their own.
Short on capital but long on equipment needs? Consider leasinginstead of buying. Leasing frees up capital because it eliminatesthe large cash outlays and down payments required when purchasingor financing equipment.
"The smart way to obtain equipment is to borrow capitalfrom a bank because it costs less to repay the loan and youultimately own the equipment," says Carl Evans, who, with hiswife, Norma, owns and operates Santa Fe Printing, a full-serviceprint shop in Santa Fe, New Mexico. Unfortunately, you might nothave that option. Because the Evans didn't qualify for a bankloan when they needed $18,500 for a new printing press, they leasedthe new press at $550 per month for four years.
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