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In this tutorial, PK Patel discusses the complexities and high costs associated with business equipment leases. He presents an alternative: a business line of credit, which he argues is simpler and more cost-effective. To illustrate this, he shares a case study of a client, Matt, who needed $80,000 for new equipment. Matt received a lease offer at 14% interest, totaling $3,841 per month. In contrast, Patel secured a $100,000 line of credit for Matt at a 7.25% interest rate, offering interest-only payments. The video aims to highlight how choosing a line of credit can lead to significant cost savings for businesses needing equipment financing.
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