Both leases and loans have unique benefits. Leases are flexible and can be tailored to your business needs. The monthly lease payment is sometimes considered an operating expense and creates a line-item deduction against overall revenue. In other instances, an Equipment Finance Agreement (EFA) or loan is the best business decision. The EFA is depreciated and written off over the asset’s useful life. Since every business is different, we recommend consulting with a qualified accountant to determine which option is most beneficial for your business.