"We have leased numerous pieces of equipment for our laboratories and we have worked with Joe Wold over the years to secure lease lines of credit for these lease purchases. It has been a very professional relationship and we will certainly look to extend this relationship as Neogenomics continues to grow."
Lease vs. Purchase
The challenge that faces all equipment and finance decision makers is to develop an effective strategy for purchasing and/or financing company assets. Managers must be able to accommodate both growth and change cost effectively. The fast pace of today's "new economy" and e-commerce requires many managers to have flexibility in handling these ever changing market conditions.
Most companies define assets as something that should appreciate in value. However, when you purchase most equipment, to include all types of technology, medical and lab equipment, material handling equipment etc, the overall effect is just the opposite with the fast pace of change as these assets could become actual working liabilities and depreciate in value. Leasing with Veterans Capital will allow managers to acquire the "use" of the technology and other essential use, mission critical type assets, thus, not "own" the equipment but ensure these leased assets remain as cost effective assets to the business. Considering the flexibility and other major reasons as listed below, leasing becomes a very cost effective tool for acquiring and managing the asset through its useful life.