About Park Western Leasing
Park Western provides equipment financing and equipment leasing options to commercial customers in a variety of industries. Willing to work with both NEW and USED commercial equipment, we deal mostly with equipment ranging in cost from $10,000 to $500,000, with finance terms ranging from 12 to 72 months.
Commercial equipment finance and Commercial equipment lending takes on a variety of types - all of which are provided by Park Western:
Equipment Financing
An overwhelming majority of businesses lease some of their equipment. For many companies, leasing equipment makes great business sense – especially for those who earn money directly from the use of the equipment they are leasing.
Equipment leasing allows businesses to pay for the equipment as they use it and is a great alternative to loans. Leasing allows businesses to keep their bank lines of credit open and sometimes even allows businesses to get the equipment they need for less cash up front.
In an equipment leasing transaction, the leasing company owns the equipment, while the user of the equipment becomes a renter of the equipment by way of a long-term lease (rental) contract. At the end of the lease term, the customer is typically given the option of purchasing the equipment for a very reasonable price.