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Equipment leasing is another option, which could have lower upfront costs than a loan ... restaurant equipment or a semi truck, ... Commercial kitchen equipment. HVAC units. Phone systems.
Capital lease: A capital lease allows you to purchase the equipment at the end of the lease period. You pay insurance and taxes on the equipment, maintain it and can count it as a liability.
Cons. Limited to financing equipment. May require a down payment. Loan could outlast life of equipment. Pros of equipment loans. If you need to acquire equipment for your business, there are lots ...
GreatAmerica is the largest independent, family-owned national commercial equipment finance company in the U.S. [3] and is dedicated to helping manufacturers, vendors, and dealers be more successful and keep their customers for a lifetime. A $3 billion company with life-to-date finance originations of $16.9 billion in the office equipment ...
Penske Truck Leasing Co., L.P. is a joint venture of Penske Corporation, Penske Automotive Group, and Mitsui & Co. Headquartered in Reading, Pennsylvania , the company was founded by Team Penske owner Roger Penske on December 1, 1969.
On February 11, 1908, Henry Ittleson founded the Commercial Credit and Investment Company in St. Louis, Missouri to finance accounts receivable at small companies. [1] In 1915, the company moved its headquarters to New York City and renamed itself Commercial Investment Trust (CIT). By that time, the company provided financing for wholesale ...
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