Did you know that leasing business equipment can sometimes be more beneficial than purchasing it? That’s why Chemung Canal offers a Commercial Equipment Leasing Program, designed to help you choose the option that works best for your business.
Here’s how it works:
Chemung Canal holds the title to the equipment while your business makes lease payments over a specified term. At the end of the lease, your business has the option to purchase the equipment. Additionally, leasing may offer potential tax benefits—be sure to consult your tax advisor for details.
Contact us at 800-836-3711 to speak with one of our Commercial Lending Specialists. We’ll help you explore the best solutions for your business’s financing needs.