Both loans and leases are attractive options to obtain equipment. A loan will allow your business to own your equipment and an equipment lease is a rental agreement to use the equipment for a period of time.

To know whether buying or leasing is right for your business, you should explore the economic impact of the specific piece of equipment your business needs to grow. You may be surprised what you discover, especially when you look at the return on investment over the long-term. Regardless, having the right piece of equipment is a wise idea to keep you competitive.