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May 2001
Equipment Leasing
One Way to Preserve Cash Flow
by Jeremy Hay
When it comes to leasing--whether of tractors, barrels or bottling lines--"you always have to remember that winery owners are farmers," says Mike Barrett, leasing executive with Dumac Leasing, a division of Sonoma County-based Exchange Bank. "They were brought up to pay cash; ownership is the key." American businesses annually lease an estimated $260 billion worth of equipment. But the entrenched attitude Barrett describes may help explain why, according to the latest available U.S. Department o...
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