Laboratory Outfitting Services
Excedr provides all the equipment you need to outfit a lab on a leased basis. Avoid the burdensome upfront costs of acquiring equipment with our service today!
All equipment brands/models are available
Need to Outfit a New Laboratory or Expand an Existing One?
Outfitting a new laboratory, or expanding an existing wet lab space, requires a large amount of general lab equipment, as well as multiple pieces of specialized or sophisticated instrumentation. However, buying all of the necessary equipment, whether it’s common or specialized, can be challenging and costly.
Excedr’s laboratory outfitting process reduces the prohibitive upfront costs associated with outfitting a lab and minimizes the administrative headaches that equipment procurement causes, making it easier for you to get started quicker and remain focused on the research at hand.
We reduce your costs using our operating leases, which allow you to spread payments out over time, maximizing the value of your operating budget and extending your cash runway. You’ll have more money for operations and other core areas of your business, such as hiring, buying supplies and consumables, and sales/marketing activities. Furthermore, our dedicated team leverages an accelerated leasing approval process to get you the equipment you need faster, with less paperwork.
Whether you’re looking for biotech and life sciences equipment, or more general laboratory equipment, we’ll ensure that you get everything you need on your list.
As a vendor neutral company, we can provide you with equipment from any manufacturer you prefer, all covered under one lease agreement. This includes everything from basic to sophisticated instruments of any brand, make, specification, or configuration.
The lab equipment leasing options available on our website are just some of the examples of equipment you can lease through us, as our inventory is quite unique. What makes it so unique? Well, the fact that we don’t technically have one. Our team goes out and sources the exact equipment you need, when you need it.
Excedr’s Equipment Outfitting Service Helps Laboratories:
- Outfit new or existing lab space with new and refurbished lab equipment
- Procure equipment from the manufacturer of your choice
- Eliminate the upfront costs of purchasing equipment by spreading cost out over time
- Minimize unforeseen equipment downtime through comprehensive repair coverage and preventive maintenance
- Take advantage of potentially 100% tax deductible* payments, providing you with significant cash-savings
- Expedite the administrative work needed for instrument procurement and logistics
- Conserve working capital, enabling you to reinvest in your core business and operations (staffing, inventory, marketing/sales, etc.)
*Please consult your tax advisor to determine the full tax implications of leasing equipment.
What Types of Equipment Do You Need to Start?
The types of equipment you’ll need for your wet lab will depend on the type of work you’re doing. While there are some instruments and systems commonly used across multiple disciplines, the list we’ll provide might not cover everything you’ll need, or, inversely, may include things you don’t need at all.
That said, the items on this list are a good place to start, especially if you are focused on molecular biology, microbiology, biochemistry or biotechnology.
Core Equipment for Starting a Lab
- Laminar flow hoods and biosafety cabinets
- CO2 incubators
- Electron microscope
- Cell imaging system
- Ultra-low temp or low-temp freezer
- Refrigerators
- Benchtop centrifuges and mini centrifuge
- Automated cell counter
- PCR machines
- Gel electrophoresis machine
- Western blot imaging system
- Rotating shaker for Western blots
- Heated magnetic stirrer
- Spectrophotometer for DNA/RNA quantification
- Microplate reader
- High-throughput liquid handling systems
- Autoclave
In addition, you’ll need various lab supplies, consumables, and solvents to operate as well, from lab safety equipment, glassware, bunser burners, tongs, stirring bars, and spray bottles to pipettes, scales, and more. While Excedr doesn’t lease these smaller labware supplies, we do lease almost all of the equipment in the core equipment list above.
Buying vs. Leasing Equipment for Your New Lab Space
When acquiring multiple pieces of equipment at a time, it’s important to consider your options. One of those options is leasing, and it is a more efficient way forward than purchasing. Let’s look at how leasing can benefit you and your lab.
You Face Unnecessary Challenges When You Purchase Lab Equipment
Equity cash purchases significantly reduce your liquidity and drain your cash balances, limiting your ability to use your capital for other business needs. Furthermore, the instruments become fixed assets and/or debt on your balance sheet, which is unappealing to future investors and lenders.
If you’re using grant funding, the capital budget allocation of the grant is often limited or might not be extensive enough to include large equipment expenditures. This means you won’t be able to access the technology you need.
Lastly, you have to manage service contracts through various manufacturers when purchasing (or, in some cases, when working with other equipment leasing companies).
What’s even worse is that you have to do all this with different billing departments and payment cycles, adding further complications to your financial forecasting. Skip the headache and consider leasing instead.
You Can Avoid the Hassle When You Lease with Excedr
By leasing, you access high-quality machinery and instrumentation while retaining your operating capital. This allows you to have plenty of money on hand to support the rest of your operational business needs and scientific research (staffing, R&D, consumables, marketing/sales, client services, etc.), something which investors and lenders find attractive.
Furthermore, if you’re using grant funding, you are able to use your operating budget allocation, which is often easier to get approval for compared to capital purchase budget allocations.
Plus, everything is financed under one lease agreement with one monthly payment, even if you’re leasing numerous instruments simultaneously, making financial forecasting and budgeting straightforward for your team. And last, but not least, you’ll be assigned a dedicated customer success manager who will assist you with equipment repair/maintenance management and future equipment acquisitions, which frees up your time to focus on achieving your goals.
If outfitting a life science lab is on your to-do list, but you’re not sure how or where to start, let us know. We can go over how our lease program works, as well as how we can help you outfit your laboratory while saving time and money.
We Offer Lab Outfitting to New & Expanding Biotechs
Our leases are designed to be flexible and customizable, fitting your exact operational and financial needs. Each lease comes comprehensive repair coverage and preventative maintenance, which significantly minimizes any instrument downtime you may experience.
Operating Lease Benefits
Operating leases make it easier to keep pace with technological advances in your field. The monthly lease payments can often be lower than monthly financing payments, and may be 100% tax deductible as well, yielding additional cash-savings. Furthermore, when you lease, you avoid the hefty upfront payments required when buying equipment with cash or a loan.
Sale-Leaseback Options
If you recently bought equipment, Excedr can offer you cash for your device and convert your purchase into a long-term rental. This is called a sale-leaseback. If you’ve paid for equipment within the last ninety days, we can help you recoup your investment and allow you to make low monthly payments. This also frees up money in your budget rather than tying it down to a fixed asset.
