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Heavy equipment leasing companies to buy equipment outright can mean years or even decades of payments. By the time a business has paid off a piece of machinery or office building's worth of printers, the equipment is likely to be outdated and need repair or replacement.

Because few companies have the cash to buy equipment outright, many turn to equipment leasing.

 Equipment leasing companies 

There are several options for businesses looking for equipment leasing. Here are six top commercial equipment leasing companies to consider:-

1. Gordon Flesch Company

The Gordon Flesch Company, founded in 1956, offers in-house financing and maintenance for a wide range of commercial equipment, focusing on information technology.

The firm now has over 33,000 clients throughout the United States. The Gordon Flesch Company is headquartered in Madison, Wisconsin, and has 16 satellite sites.

2. Crest Capital

Crest Capital is recognized for its flexible lease periods, making it easier for a developing firm to get the equipment it requires. Crest, for example, provides a variety of payment options, including a progressive payment plan that begins with modest payments and gradually increases to more significant expenses as a business expands.

3. National Business Capital

Unlike other business equipment leasing firms, National Business Capital connects businesses with a network of more than 75 lenders who provide new and used equipment finance.

That means they'll compare all 75 lenders side by side, allowing you to make the best option for your budget.

4. US Business Funding

Both new and old equipment is financed through US Business Funding. But where they truly shine is that they'll work with you even if you have trouble locating a leasing firm. 

The company demands a $10,000 minimum leasing amount, but there is no limit to how much a corporation may borrow. A lease might last anything from 24 months to 60 months.

5. Smarter Finance USA

Smarter Finance USA, a relative newcomer to commercial equipment leasing, has been in operation since 2016. Since then, they've developed a reputation for dealing with entrepreneurs and businesses with obstacles in obtaining finance from another business equipment leasing firm.

6. Wells Fargo

Wells Fargo is one of the most well-known banking institutions. While most people think of Wells Fargo as a bank, the firm also provides small and big businesses with business equipment leasing—and a good one at that.

For specific organizations, a Wells Fargo business equipment lease may not be an option. Because Wells Fargo expects borrowers to demonstrate that they have been in business for at least three years, this is the case.

Conclusion

A lot of reputable heavy equipment leasing companies provide equipment financing to entrepreneurs. Your creditworthiness and annual income will decide whether lenders are ready to deal with you if you're a business owner wanting to lease equipment.

As with everything in business, it's critical to weigh your alternatives and partner with a firm that can best assist you in achieving your goals.

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