A common mistake that many first time business owners make is choosing to buy their businesses equipment with a bank loan. In fact, a lot of business owners don't know that there is any other way to get equipment other than buying it.

With so many businesses running on thin profit margins, equipment financing decisions can make or break a company.

Many people today dream of owning a business. Being your own boss can be liberating, not to mention profitable. However, small businesses have a disturbingly high failure rate and the new owner wants a prospect with a proven history of success.

Many equipment vendors don't want to bother with financing. They figure that the customers who can afford equipment will buy and that those that can't won't.