Five Reasons Startup Companies Choose Machine Rentals

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Five Reasons Startup Companies Choose Machine
Rentals
Anyone who has the experience of starting a
business will tell you that cash is one of those
things that will be in short supply, copier
machine rentals becomes a very viable option
instead of struggling to buy one. There are many
critical advantages that go with this long term
alternative where you can also hire folding
machines, fax machines and several others that
you need in order to run your business
successfully. Some of these advantages include
the following
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Improve cash flow One of the main advantages of
copy machine rentals near you is the fact that it
frees up your cash. Many times a copy machine
lease will not necessarily require a down payment
even though you may be required to set aside some
cash that will be used as a refundable security
deposit. This can be contrasted to taking a bank
loan to finance office equipment where you will
be expected to put down up to 25 percent down
payments on the lower side.
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Easier to finance than purchase Before a bank
extends capital loan equipment, most of them will
want to look at your financial records for two or
three years which is something that most startup
companies may not have. Affordable copier
rentals, on the other hand, will only require no
more than six months of your credit history
before they can approve an office equipment
rental arrangement for you.
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Easier to keep up with technology Canon copy
machine rentals can be an especially attractive
alternative if you run a business that depends
cutting-edge technology and especially if you
have to use some of the latest computes and other
communication devices. You only require a series
of short-term leases that will ensure that you
spend less than it would cost you to buy new
equipment every one or two years. There are cases
where copy machine rentals near you come with
yearly upgrades built into them thereby
eliminating the need to make the difficult
decision every time you need to make an upgrade.
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Ability to afford more Most startups are not in
a financial position to purchase all the office
furniture and equipment that they may require at
once the better alternative is to seek for a
rental copy machine and only buy what you cannot
be able to find on rental basis.
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Balance sheet benefits When it comes to
accounting, you want to know that you should be
able to exclude some of those leased assets and
their related obligations from the balance sheet.
This is a move that will be able to improve your
financial indicators such as your companys
debt-to-equity ratio or your earnings-to-fixed-ass
ets ratio. You have to remember though that
accounting rules will require that you do you
balance sheet so as to report assets that have
been leased under some types of agreements.
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If you finally decide that you want to purchase
equipment you have been using such as paper
shredding rentals at the end of the lease term
the company will always give you the option to
buy at a more affordable rate.
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www.americancopymachines.com