In today’s volatile marketplace, keeping cash flowing and preserving your business line of credit can be challenging for small business. Many small businesses are finding it harder to get the finance help they need from traditional lending institutions, especially the big banks. An easier option for businesses to specifically update their equipment and get the assets they need to expand their business is to lease the equipment instead of purchasing. Leasing involves paying for the long term use of the equipment instead of ownership. With office equipment leasing, you can get the new machines and the innovative technology that your business is after without breaking the bank. In this way, you won’t necessarily have to deal with the stringent requirements of banks and standard lending institutions. There are a number of other benefits to equipment leasing including a variety of end of term options as well as the opportunity to upgrade so it’s easier to stay up to date. Most importantly, when you speak with your financial advisor or accountant you may find that your equipment leasing payments are tax deductible as an operating expense.