The company, which leases everything from photocopiers to aircraft, said that a large proportion of recession-hit businesses have seen their traditional bank funding provision restricted and are now looking at ways to manage costs and free up capital resources. As a result, they are being forced to take a new look at how they acquire the equipment they need.
Marie Dunkley, commercial leader at GE Capital Solutions, said: “Businesses are being put in a position where they have no choice but to re-examine their normal method of acquisition, usually looking to alternatives to outright purchase as their traditional lines of funding have reduced or have been closed.
“This rethink is very much to the benefit of leasing for a number of reasons, the most important of which for most businesses is the way that it allows them to maximise cash flow; something that is clearly becoming a key issue for many during the recession.”
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