Save money and meet your goals with this advice.

1. Understand your equipment needs, and define your leasing goals.

What do you hope to accomplishthrough leasing)? Provide as much info as possible to your leasing company, because they may be able to steer you in the right direction.

2. Choose a leasing company that has experience in your industry.

The leasing company you work with should act as a partner in your business success and consult with you to identify the best financing options.

3. Be prepared to provide both your personal and business credits.

Prior to applying to a business equipment lease, review your business and personal credit profiles, and address any inaccuracies or inconsistencies.

4. Understand how leasing affects financials.

When you choose to lease equipment, thelease can be reflected as an operating expense on your income statement, rather than a debt.

5. Depending on whether you choose a Non-tax capital lease or a tax (operating) lease, you can have major tax benefits.

While a non-tax capital lease can help businesses significantly lower the true cost ofequipment ownership, a tax lease involves monthly payments, and often the entire lease can be fullydeductible.

Thank you to Balboa Capital for this content. To view their services and contact them, visit http://www.balboacapital.com/home.aspx