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Question I Lease Financing The legal definition of small business varies by country and by industry. In the United States, the Small Business Administration establishes

Question I Lease Financing

The legal definition of "small business" varies by country and by industry. In the United States, the Small Business Administration establishes small business size standards on an industry-by-industry basis, but generally specifies a small business as having fewer than five hundred employees for manufacturing businesses and less than $7.5 million in annual receipts for most non-manufacturing businesses.

Please explain why leasing as a capital financing alternative is an advantage for small business.

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