Perhaps in the development stage of your business, leasing your equipment was a good choice. But now your financial position has changed and you are looking to build equity in your business. Refinancing an existing lease to a term loan can offer more favorable monthly payments in addition to providing ownership in the equipment without the required buyout with leasing.

Here are some points to keep in mind about Term Loan Equipment Financing:

• Term Loan Equipment Financing provides a less expensive alternative to most lease financing and builds equity for your business by increasing your business assets.
• Your original equipment may be old or out-dated, and new equipment may help you to increase your productivity and competitiveness