Tech Talk
Why should a client lease versus take out a conventional bank loan?
A lease is beneficial as to a bank loan, because a lease offers 100% financing, it offers flexibility (skip payments, longer terms, seasonal skips etc…). A bank ties up a companies operating line by a general security agreement, personal guarantees, demand loan -- where a lease will not require all of these conditions. Therefore in case of default, a bank will take everything that the customer owns, ie house, assets, business, and on a lease we will just have the collateral.
