I’m trying to study for my Business course and I need some help to understand this question.
1. Research and summarize an article on leasing versus buying for your small business. As a small business owner it is typically more beneficial to lease equipment/ vehicles rather than purchase. Why? What equipment would your business require? Be sure you’re article discusses this aspect, as well as the two different types of leases and the financial pros and cons of each type.
2. Commercial or small business line of credit: Research what the requirements are from a local bank for a small business to qualify for a commercial or small business line of credit. Be sure you explain the terms and personal finance requirements in a report (minimum 1page) detailing your results.
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