Join the Blanchard Team..
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Join the Blanchard Team..
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What would benefit your business the most; a loan, a lease, or a line of credit? It helps to take a look at your various financing options side-by-side as you make this decision. Compare different financial products using this table:
| LOAN | FINANCE LEASE | OPERATING LEASE | WORKING CAPITAL LOAN |
REVOLVING LINE OF CREDIT |
|
| Who has ownership? | You do, at the end of the contract | You do, but you have the option to return at lease-end | We do, but you have the option to purchase at lease-end | You have immediate access to cash for any business need | You can access funds quickly with a simple request |
| Am I building equity? | Yes, faster than a finance lease | Yes, but slower than a loan | No | No | No |
| Who benefits from tax depreciation? | You do | You do | We do | N/A | N/A |
| How high or low is my monthly payment? | Higher | Lower | Lowest | N/A | N/A |
| What is the purchase option? | N/A | A bargain option to reduce your payment | Predetermined fair market value | N/A | N/A |
| Is there contract flexibility? | Yes | Yes | Some | Yes | Yes |
| Are there early payoff restrictions? | No | No | Some | N/A | N/A |
| Who pays personal property tax? | You do (varies by state) |
You do (varies by state) |
We do, then invoice you | N/A | N/A |
| Where can I learn more? | Financing Options | Financing Options | Financing Options | Financing Options | Cat Card |