How to Finance Mining Equipment
The advantages of financing equipment are wide open
‘ Many companies provide business owners with financing and leasing options to acquire equipment without using working capital reserve or banking lines of credits ’
Handy tips Before splurging on new equipment , miners should be aware of finance obligations . Lease contracts , for example , are usually “ hell or high water .” Once entered into an agreement , miners are locked in and unable to get out of a loan or lease if the equipment breaks . An oftenoverlooked tip is something called a Termination Value Schedule . This provides the buyer an amount of money that is needed to be paid
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