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Cash may be king!....
but if you are a manufacturer, contractor, wholesaler you know that equipment is the lifeblood.
Your equipment often has a useful life of 10 years or more so why finance for 3 or 5 or 7 years.
With an SBA guaranteed loan, terms are customarily 10 years and may even be longer if the equipment is extremely durable. Leasing is always a viable option but eventually you will pay the full price and financing rates that may be higher than you expected.
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