What types of equipment can a business owner finance with a lease?

The answer may surprise you.

The discovery of clay tablets from the ancient city of Ur dating to 2010 B.C. detailing the leasing of agricultural tools, has verified that leasing has existed from the time of the earliest known Samarian civilization. In this country, the concept of leasing emerged in the 1700's with the leasing of teams of horses, and by the mid -1800's, had extended to the railroad industry to finance locomotives, railcars, and related capital equipment.

Capital equipment is defined as machinery, tools, vehicles, etc. used to generate a finished product or service, and the variety of equipment that a business owner can finance with a lease is limited only by ingenuity and imagination.

Subsequent to a recent conversation with George King Bio-Medical Inc., a customer who leases specialized refrigeration equipment for their clinical diagnostic products company, one can't help but be struck by the array of products that can be financed on an equipment lease.

Regardless of the goods on a lease contract, the underlying rationale to choosing a lease is to allow the equipment to pay for itself. Why pay for equipment before it starts producing revenue?

"Leasing is a convenient financing method and works well for our company," Molly Snow of George King recently stated. George King needs very closely calibrated, highly specialized freezers that are unique and essential to their business. "We have worked with Clune on leasing our equipment for many years and have come to trust them to give us the best rates. They are dependable and costs are competitive. Clune is also easy to work with. Our leases go through fast and with minimal paperwork. The leases are easy to read and understand."

As an independent lessor for over 50 years, we have financed a wide array of equipment, including some very unique items.

  1. Office Equipment: Computers, Copiers, Phone Systems, Fax Machines, Furniture
  2. Medical Offices: EKG Machines, Anesthesia Systems, Metabolic Scales
  3. Restaurants: Point of Sale Systems, Cappucino Machines, Ovens, Prep Tables
  4. Construction Companies and Architects: Large Format Printers
  5. Hotels and Convenience stores: Ice Machines, Refrigerators
  6. Manufacturing: Lathes, Scissor Lifts, Forklifts
  7. Communication Industry & Movie Theatres: Digital Projectors, Audio Visual Equipment
  8. Janitorial: Vacuums, Floor Cleaners, Pressure Washers
  9. Automotive: Hydraulic Systems, Tire Changer, Alignment Machines, Waste Oil Heaters
  10. Circus Shows: Combo Kiddie Ride, Bunkhouse Trailers

Equipment leasing is the perfect solution businesses who want to:

As stated on The Equipment Lease and Finance Association website:

"Equipment finance facilitates the growth and expansion of the U.S. and global economies by providing multiple financing products for companies to acquire and employ plant, equipment and software, thereby enhancing business investment and capital formation. The equipment finance sector is comprised of financial services companies and manufacturers, regional and community banks, and independent medium and small finance companies. An important contribution of the industry lies in providing access to capital because equipment acquisition and utilization impacts goods-producing and service-providing industries - virtually all sectors of the economy."

To learn even more, watch this video about the equipment leasing and finance industry…