When to Consider Trucking Equipment Leasing in Place of Financing

Trucking equipment leasing can be a great option for businesses that need to acquire new trucks and other related equipment for their operations but may not have the upfront capital or have difficulty in qualifying for traditional financing. Leasing also allows businesses to acquire the latest technology and equipment without having to commit to a large cash outlay.

Can I Get Business Equipment Financing with Bad Credit?

Nowadays, some lenders will offer business equipment financing to owners with bad credit, although the terms and rates may not be as favorable as those offered to borrowers with good credit. If you have bad credit, you may need to provide more information about your business’s financial history and current situation. Make sure to shop around and compare different lenders’ terms to find the best deal for your business.