Is paid for equipment better or is depreciation?

There is one other side to this debate that I recently ran into.

I've paid cash for everything, dump truck, trailer and equipment. I recently needed to rent a tractor, but I discovered that by paying cash, I really hadn't established a credit history for the company, a single entity LLC.

So, now I have to move some things around and fix that relatively small problem. Keep that in mind if you are new and starting out.