Equipment Financing Company LeaseQ Announces Business Owners Continue to Flock to Leasing and Financing Equipment Instead of Cash Purchasing

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Equipment leasing is fast becoming the choice for many businesses to conserve capital and acquire the latest equipment quickly. This online provider of equipment leasing and financing has found a way to do it even faster and more accurately.

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Even with the economic recovery seemingly at hand, we continue to see more and more business owners turning to leasing as a viable and smart alternative to a straight cash purchase.

LeaseQ, one of the leading providers of commercial equipment leasing and financing options in the United States sees continued strong demand for equipment leasing and financing services through the remainder of 2013. Just last year, LeaseQ unveiled their cutting-edge online comparison shopping site at by streamlining the oftentimes cumbersome process business owners have traditionally endured when acquiring the equipment they need. Since its inception, the response to the LeaseQ comparison platform from business owners has been overwhelmingly positive - as the online platform drastically reduces the paperwork, hassle and time needed to lease and finance equipment.

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For a business owner, the benefits to leasing significantly outweigh the benefits of making a cash purchase - as businesses are able to acquire the most technologically advanced equipment at rates and terms which are extremely reasonable. LeaseQ's mission is to help facilitate this process even further - free from the high-pressure sales tactics typically employed in traditional financial institutions. In order to become qualified, these institutions will typically require business owners to provide more information than they are comfortable in providing. LeaseQ's system is designed to eliminate those hassles.

For any business, a large capital expenditure requires careful planning and forethought, especially when economic times are uncertain. Should the business purchase the equipment through cash reserves or should they apply for a traditional loan to finance the purchase? In answering this question, most business owners are reluctant to extinguish cash reserves, even though the economic recovery strengthening.

LeaseQ Founder and CEO Vernon Tirey said, "Even with the economic recovery seemingly at hand, we continue to see more and more business owners turning to leasing as a viable and smart alternative to a straight cash purchase. SBA Loans are a great example why small businesses are turning to leasing. With an SBA Loan a small business can get great rates but it often takes months, in some cases a year or more, to get financing in place. With equipment leasing businesses can get the financing they need in a few days. So for small businesses who might qualify for an SBA Loan with financing up to 10 years, many businesses see the benefits of moving more quickly and choosing leasing. Consequently, we continue to anticipate strong growth in equipment leasing and financing extending through the remainder of 2013 and beyond."

Although SBA loans are available for many small businesses and are far more preferable to loans from larger banks, LeaseQ is experiencing first-hand the expanded demand for leasing and financing as an alternative to this conventional buy and finance method of acquiring equipment. One of the main reasons is that leasing and financing; businesses are able to obtain the equipment they need at reasonable finance rates without extinguishing cash reserves - as well as being able to upscale that equipment for a basic cost once the leasing term has expired.

A Powerful Platform to Acquire the Equipment a Business Needs

The mission at LeaseQ is to make it easy and fast for businesses to buy and finance the equipment they need to grow their business. When a business taps into the LeaseQ One Touch Lease platform, they are able to immediately see what leasing rates and plans they qualify for from leading finance companies. Then it is easy to compare the best rates and terms that fit their business needs and budget. The entire process only takes two minutes and requires minimal input from the business owner and is free from bothersome high-pressure sales intervention – in direct contrast to working with traditional leasing sales reps or brokers.

LeaseQ’s elegant online platform and its instant quote capability is far from simplistic, however. Unlike the “lease quote calculators” which return false rates and have nothing to do with a business’ operations or actual credit score, LeaseQ’s powerful underwriting engine is supported by the Lenders themselves. Finance companies share with LeaseQ detailed underwriting criteria which makes them seamlessly integrated into its platform. Then together with LeaseQ’s soft credit pull capabilities, LeaseQ can run real time personal and business credit scores without impacting the business owner’s personal credit. This fast painless process means that business owners can come back over and over again to check on credit option even before shopping for equipment.

LeaseQ provides financing options for all equipment types and has rapidly become the largest online network of equipment dealers and equipment finance companies in its engine, any business - from a growing medical practice to the restaurant and fitness/health club Industries.

Based in Woburn MA, LeaseQ is one of the leading providers of equipment leasing and financing options in the country. Try their online leasing and financing platform by visiting them online at

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Vernon Tirey
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