Compare Your Options
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 |
Apply for Finacing with Blanchard Today