Business At A Glance
Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes
Working as an independent or franchised leasing broker, you can helpbusiness owners lease the equipment they need to start, operate, andexpand their businesses, including everything from computers tomachinery to heavy equipment to specialized tools and lots more.
Theduty of a leasing broker is to bring together three parties’businessowners and managers wanting to lease equipment for their businesses,equipment manufacturers and retailers wanting to sell equipment, andlending companies willing to purchase the equipment and lease it backto the business owner. Broker fees are generally paid by the lender orby the equipment manufacturer or retailer.
Consequently, findingbusiness owners to work with should not prove difficult because theyhave nothing to lose’if you cannot arrange suitable financing, theydon’t pay for the service. You can work from home and visit clients attheir location, or rent suitable office space.
You will need toestablish working relationships with a number of lenders, and perhapsyou will want to specialize in one particular type of equipment such astools, computers, or vehicles so you can become known as an expert inthat area. Once established, this is the type of business that thriveson repeat business and referrals.
Small business owners who need to add equipment, like computers andperipherals and even cars, to their business, but may not have theresources to purchase them out-right.