{"id":5567,"date":"2019-03-20T16:13:43","date_gmt":"2019-03-20T14:13:43","guid":{"rendered":"https:\/\/www.lending-express.com\/blog\/?p=5567"},"modified":"2019-12-18T10:56:28","modified_gmt":"2019-12-18T08:56:28","slug":"equipment-financing-vs-leasing","status":"publish","type":"post","link":"https:\/\/www.become.co\/blog\/equipment-financing-vs-leasing\/","title":{"rendered":"Equipment Financing Vs Leasing: What\u2019s the Difference?"},"content":{"rendered":"\n\n<p><span style=\"font-weight: 400;\">For many small business owners, having up-to-date equipment is crucial to the success of the company. Whether you operate a restaurant, run a construction company, or own a landscaping business (the list goes on), the basic procedures all depend on having equipment that is dependable.<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">The importance of equipment <\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Eventually the day will come that the stove will burn out, the cement mixer will have its last round, or the riding lawn mower will call it quits. What do you do then?<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Buying equipment can put a lot of pressure on your wallet, so you\u2019ll want to make sure you go about it the smart way. At some point, you\u2019ll be faced with the question of equipment financing vs leasing. While buying new or used equipment has its benefits, equipment leasing has its own advantages.<\/span><\/p>\n\n<p><b>Before choosing equipment lending or equipment leasing, it\u2019s important to ask some basic questions:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How do equipment loans works?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How does equipment leasing work?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">When is it right to buy equipment?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Where should you search for equipment lending?<\/span><\/li>\n<\/ul>\n\n<p><span style=\"font-weight: 400;\">Keep reading to get the answers to all of those \u2018equipment financing vs leasing\u2019 questions, and more\u2026<\/span><\/p>\n\n<blockquote>\n<p>Of course, the type of business will affect the kind of\u00a0<a href=\"https:\/\/www.become.co\/loans-by-industry\/\" target=\"_blank\" rel=\"noopener noreferrer\">industry loans<\/a>\u00a0a business needs,\u00a0as well as the specific circumstances that business finds itself in. Be sure to weigh your options carefully in order to choose the right funding solution for your business.<\/p>\n<\/blockquote>\n\n<h2><span style=\"font-weight: 400;\">What is equipment financing?<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">Before we can compare and contrast the two business equipment solutions, let\u2019s have a brief introduction to the question \u2018what is equipment financing\u2019.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Equipment financing is broadly defined as \u201cany method of extending capital to businesses for the purpose of acquiring equipment\u201d. While the types of equipment financing available will vary far and wide, a few of the more popular <\/span><a href=\"https:\/\/www.become.co\/blog\/the-best-finance-options-for-business-equipment\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">equipment financing options<\/span><\/a><span style=\"font-weight: 400;\"> include SBA loans, secured business loans, unsecured business loans, business lines of credit, business <\/span><a href=\"https:\/\/www.become.co\/blog\/raise-credit-with-credit-score\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">credit cards<\/span><\/a><span style=\"font-weight: 400;\">, and so on.<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">What can equipment financing be used for?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">While the definition of equipment financing indicates that it\u2019s used for acquiring equipment, that\u2019s a fairly general explanation.<\/span><\/p>\n<p><b>Here are examples of how to use equipment funding:<\/b><\/p>\n\n<ul>\n<li><strong><a href=\"https:\/\/www.become.co\/loans-by-industry\/trucking-business-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\">Trucking equipment loans<\/a> &#8211; <\/strong><b><span style=\"font-weight: 400;\">expand your fleet of trucks<\/span><\/b><\/li>\n<li><strong><a href=\"https:\/\/www.become.co\/loans-by-industry\/construction-business-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\">Construction equipment financing<\/a> &#8211;<\/strong> <span style=\"font-weight: 400;\">anything from heavy machinery to handheld power tools<\/span><\/li>\n<li><strong><a href=\"https:\/\/www.become.co\/loans-by-industry\/restaurant-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\">Restaurant equipment funding<\/a> &#8211;<\/strong> <span style=\"font-weight: 400;\">deep freezers, ovens, food processors, mixers, etc<\/span><\/li>\n<li><strong>High-tech companies &#8211;<\/strong> <span style=\"font-weight: 400;\">computers, software, air-con (to keep hardware from overheating<\/span><\/li>\n<li><strong>Agriculture &#8211;<\/strong> <span style=\"font-weight: 400;\">tractors, plows, combines, irrigation systems, etc.<\/span><\/li>\n<\/ul>\n\n<p><span style=\"font-weight: 400;\">This is only a drop in the sea when it comes to ways to use equipment funding &#8211; the list reaches as far as your imagination. If there\u2019s something you want (or need) to buy for your business, chances are you can use equipment financing to help you cover the costs. <\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Now that you have a clearer understanding of what equipment financing is in general, it\u2019s time we address the question \u201cwhat is equipment leasing?\u201d<\/span><\/p>\n\n<h2><span style=\"font-weight: 400;\">What\u2019s the difference between equipment lending and equipment leasing?<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">One of the top questions you might be looking to answer is \u201cwhat is the difference between equipment lending and equipment leasing?\u201d Many business owners also ask \u201cwhat is the difference between equipment financing and equipment leasing?\u201d So let\u2019s clear this up once and for all &#8211; <\/span><b>equipment leasing is a type of equipment financing<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">The real distinction that most people are making is between equipment loans and equipment leasing.<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">What is equipment financing?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Equipment loans are defined as a<\/span><b> sum of money borrowed <\/b><span style=\"font-weight: 400;\">for the purpose of acquiring equipment to help your business grow. Repayments are made at regular intervals until the entire amount is paid off, at which point you then own the equipment.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Since they\u2019re often unsecured, much of the time equipment loans don\u2019t require you to provide any collateral up front to be approved. Instead, the equipment itself acts as the collateral &#8211; so if you take an equipment loan, purchase a piece of equipment, and then fail to repay the lender, then the equipment you purchased may be seized by the loan provider.<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">What is equipment leasing?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Equipment leasing is a completely different breed of equipment financing. As opposed to borrowing a sum of money that is used to buy a piece of equipment, equipment leasing is essentially an agreement to rent the equipment.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">That means regularly scheduled payments that, unlike equipment loans, don\u2019t contribute to your eventual ownership of the equipment. A lender buys the equipment and then rents it out to you, and oftentimes will allow you to purchase the equipment at its market value when the lease ends.<\/span><\/p>\n\n<p><strong>There are two types of equipment leasing:<\/strong><\/p>\n<ol>\n<li><strong>Capital leasing &#8211;<\/strong> also known as a finance lease, this more similar to a loan. Payments for a capital lease are listed on a business&#8217;s balance sheet, meaning depreciation and interest are claimed by the lessee. Additionally, the equipment may be transferred to the lessee when the lease ends.<\/li>\n<li><strong>Operating leasing &#8211;<\/strong> this type of leasing is more similar to a rental agreement. Payments are listed under operating expenses and included in a profit and loss statement. Additionally, the equipment remains property of the lessor.<\/li>\n<\/ol>\n\n<p><b>To boil \u2018equipment financing vs leasing\u2019 down to plain English:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Equipment loans mean you\u2019re buying the equipment<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Equipment leasing means you\u2019re renting the equipment<\/span><\/li>\n<\/ul>\n\n<h2><span style=\"font-weight: 400;\">The pros &amp; cons of equipment financing vs leasing<\/span><\/h2>\n\n<p><b>In a nutshell:<\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td>\u00a0<\/td>\n<td>\n<p><b>Equipment Loans<\/b><\/p>\n<\/td>\n<td>\n<p><b>Equipment Leasing<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><b>Pros<\/b><\/p>\n<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">No collateral<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Easy to qualify<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Obtain equipment quickly<\/span><\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">No down payment<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Up-to-date equipment<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Less strict terms<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><b>Cons<\/b><\/p>\n<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Down payment<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Interest rates<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Equipment gets outdated<\/span><\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Costly in long term<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">No ownership<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Early termination fees<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><br \/><br \/><br \/><\/p>\n<h2><span style=\"font-weight: 400;\">The pros &amp; cons of equipment loans<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">When it comes to equipment loans, there are upsides and downsides. Let\u2019s explore the <\/span><a href=\"https:\/\/www.become.co\/blog\/equipment-financing-what-are-the-pros-cons\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">pros and cons of equipment loans<\/span><\/a><span style=\"font-weight: 400;\"> here.<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">Pros of equipment loans<\/span><\/h3>\n<ul>\n<li><strong>No collateral required &#8211;<\/strong><b> <span style=\"font-weight: 400;\">you won\u2019t need to provide any existing personal or business assets, since the equipment acts as its own collateral.<\/span><\/b><\/li>\n<li><strong>Easy to qualify &#8211;<\/strong> <span style=\"font-weight: 400;\">since they are self-secured, equipment loans are generally easier to qualify for when compared to other <\/span><a href=\"https:\/\/www.become.co\/business-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">business loans<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li><strong>Minimize time to obtain equipment &#8211;<\/strong> <span style=\"font-weight: 400;\">as opposed to waiting until you save up enough money to purchase a piece of equipment up-front, spread the cost over an extended period.<\/span><\/li>\n<\/ul>\n\n<h3><span style=\"font-weight: 400;\">Cons of equipment loans<\/span><\/h3>\n<ul>\n<li><b>May require down payment &#8211; <span style=\"font-weight: 400;\">in many cases the lender won\u2019t provide 100% of the requested amount, which means you\u2019ll need to cover the difference out of pocket.<\/span><\/b><\/li>\n<li><strong>High APR<\/strong> <strong>&#8211;<\/strong> <span style=\"font-weight: 400;\">as with other types of loans, there is an interest rate that applies to your repayment; rates can range from 5% to upwards of 25%, depending on the loan amount, the size of your down payment, your credit history, business age, revenue, etc.<\/span><\/li>\n<li><strong>Equipment gets outdated &#8211;<\/strong> <span style=\"font-weight: 400;\">while owning a piece of equipment offers peace of mind from one perspective, from another point of view you\u2019re tying yourself to an item that inevitably will be replaced by a newer model.<\/span><\/li>\n<\/ul>\n\n<h2><span style=\"font-weight: 400;\">The pros &amp; cons of equipment leasing<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">Equipment leasing has its own advantages and disadvantages. Below, we dig into the pros and cons of equipment leasing.<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">Pros of equipment leasing<\/span><\/h3>\n<ul>\n<li><b>No down payment &#8211; <span style=\"font-weight: 400;\">unlike equipment loans, equipment leasing rarely requires a down payment (and almost never requires collateral), which saves you a lot on the initial cost.<\/span><\/b><\/li>\n<li><b>Keep equipment up to date &#8211; <span style=\"font-weight: 400;\">probably the biggest advantage to equipment leasing is that you can return\/exchange equipment for upgraded models as time goes on; you\u2019re not buying, so you\u2019re not stuck with old equipment.<\/span><\/b><\/li>\n<li><strong>Less strict terms &#8211;<\/strong> <span style=\"font-weight: 400;\">with equipment leasing you get the benefit of choosing whether to continue leasing the same equipment, return the equipment, or replace it. You also generally have the option to purchase the equipment if you decide you want to keep it permanently.<\/span><\/li>\n<\/ul>\n\n<h3><span style=\"font-weight: 400;\">Cons of equipment leasing<\/span><\/h3>\n<ul>\n<li><b>More costly in the long term &#8211; <span style=\"font-weight: 400;\">while the leasing agency might not point it out explicitly the way that loan providers do, you will be paying interest when you lease equipment. There always exists the chance that you may wind up paying more over the term of the lease than you would if you bought the equipment up-front.<\/span><\/b><\/li>\n<li><b>No ownership &#8211; <span style=\"font-weight: 400;\">plain and simple, leasing is renting. Lease payments don\u2019t lead to your eventual ownership the way that loan payments do.<\/span><\/b><\/li>\n<li><strong>Early termination fees<\/strong> &#8211; <span style=\"font-weight: 400;\">regardless of why you may want to cancel the lease before the end of the contract period, there will be a fee associated<\/span><\/li>\n<\/ul>\n\n<p><img decoding=\"async\" class=\" wp-image-5570 aligncenter\" src=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/03\/iStock-867810472-1-300x200.jpg\" alt=\"Equipment Financing\" width=\"752\" height=\"501\" srcset=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/03\/iStock-867810472-1-300x200.jpg 300w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/03\/iStock-867810472-1-768x512.jpg 768w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/03\/iStock-867810472-1.jpg 1024w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/03\/iStock-867810472-1-405x270.jpg 405w\" sizes=\"(max-width: 752px) 100vw, 752px\" \/><\/p>\n\n<h2><span style=\"font-weight: 400;\">Which is right for your business?<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">With all of the advantages and disadvantages of equipment lending and equipment leasing laid out for you, it\u2019s time to discuss which is the right choice for your business.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Equipment financing vs leasing &#8211; one of the puzzles that small business owners are often faced with. It\u2019s a puzzle that usually doesn\u2019t have a clear and simple answer, but is nonetheless crucial to solve if a business wants to continue operating at full capacity.<\/span><\/p>\n\n<blockquote>\n<p><span style=\"font-weight: 400;\">Making the right decision requires a hard look at your business\u2019s financial health, the reasons for obtaining the equipment financing, the equipment\u2019s market value, the projected lifespan of the equipment, and so on. Below we provide a couple of quick pointers to help make the choice easier.<\/span><\/p>\n<\/blockquote>\n\n<p><span style=\"font-weight: 400;\">Equipment loans are ideal for purchasing business equipment that you intend on keeping for a long time. They\u2019re also recommended if your company can afford to make a sizable down payment, which usually will mean you\u2019ll be offered lower interest rates.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Equipment leasing is recommended if you only need the piece of equipment for a limited period of time, and if your company is not in the financial position to make a down payment. This way, you can save yourself unnecessary costs and the inconvenience of being stuck with an obsolete piece of equipment.<\/span><\/p>\n\n<h2><span style=\"font-weight: 400;\">How to apply for equipment financing<\/span><\/h2>\n\n<p><a href=\"https:\/\/www.become.co\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Become<\/span><\/a><span style=\"font-weight: 400;\"> makes the process of applying for equipment financing an absolute breeze. No longer do you need to spend days (if not weeks) traveling and communicating back and forth with banks.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">With cutting-edge algorithms, Become is able to quicken and simplify equipment loan applications. You may be able to get funded in as little as 3 hours &#8211; welcome to the future of equipment financing!<\/span><\/p>\n\n<p><b>Step-by-step guide for applying for equipment financing:<\/b><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Choose your desired loan amount and select \u2018Get Loan Offer\u2019<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Fill in the requested information (including time in the industry, revenue, business, etc.)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Submit your business\u2019s checking account information for analysis<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Wait for offers. You can also review your status by clicking \u2018Access Your Loan Application\u2019<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Review the offers and select your preferred lender<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Receive the funds to your business checking account<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Review your tailored LendingScore\u2122 dashboard to improve your funding options<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If your LendingScore\u2122 is insufficient, follow the personalized plan to improve (8-12 weeks to unlock funding)<\/span><\/li>\n<\/ol>\n\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\"><strong><a class=\"btn btn-lg btn-success\" href=\"https:\/\/www.become.co\/apply\/\" target=\"_blank\" rel=\"noopener noreferrer\">CHECK IF I QUALIFY<\/a><\/strong><\/span><\/p>\n\n<h2><span style=\"font-weight: 400;\">Closing thoughts<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">We hope that by now you\u2019ve gotten a firmer grasp on the whole \u2018equipment loans vs leasing\u2019 debate. While there isn\u2019t a universal one-size-fits-all answer for which will fit your business better, the information provided above should serve to make the decision process easier.<\/span><\/p>\n\n<p><b>We answered the questions:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How do equipment loans works?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How does equipment leasing work?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">When is it right to buy equipment?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Where should you search for equipment lending?<\/span><\/li>\n<\/ul>\n\n<p><span style=\"font-weight: 400;\">Do your due diligence on the specific details of the equipment you\u2019re looking to obtain, the interest rates available, as well as your business\u2019s financial health.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">If you feel that there are any questions regarding equipment financing that were left unanswered, feel free to comment below.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Good luck!<\/span><\/p>\n<p><a href=\"https:\/\/www.become.co\/business-equipment-loans\/?k=blogbanner \" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"aligncenter wp-image-10836\" src=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/03\/Manufacturing-1-300x100.png\" alt=\"\" width=\"1200\" height=\"400\" srcset=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/03\/Manufacturing-1-300x100.png 300w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/03\/Manufacturing-1-768x256.png 768w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/03\/Manufacturing-1.png 1200w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/03\/Manufacturing-1-604x201.png 604w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For many small business owners, having up-to-date equipment is crucial to the success of the company. Whether you operate a restaurant, run a construction company, or own a landscaping business (the list goes on), the basic procedures all depend on having equipment that is dependable. The importance of equipment Eventually the day will come that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5569,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,114,1,12],"tags":[73,67,68,180,69],"class_list":["post-5567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aus-resources","category-small-business-wisdom","category-uncategorized","category-us-resources","tag-business-loan","tag-equipment","tag-equipment-finance","tag-equipment-leasing","tag-equipment-loan"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Equipment Financing Vs Leasing: What\u2019s the Difference? - Business Funding Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.become.co\/blog\/equipment-financing-vs-leasing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equipment Financing Vs Leasing: What\u2019s the Difference? - Business Funding Blog\" \/>\n<meta property=\"og:description\" content=\"For many small business owners, having up-to-date equipment is crucial to the success of the company. 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