Helping Your Business
Below are some key reasons you should consider financing your equipment
Equipment leasing or financing comes with greater flexibility, including the ability to upgrade old equipment to newer, more advanced models. With various leasing and financing options available, you can choose the ideal payment plan for your business.
Improve Cash Flow
By providing a downpayment, you can easily obtain the equipment you need with minimal initial investment. The best part is that you can comfortably spread the payments out over time, allowing you to keep your working capital for more critical activities such as operations and growth. With multiple financing options available, financing your business equipment should no longer be daunting or draining on your financial resources.
Improve Cash Forecasting
One of the main advantages of financing is predictability. The fixed and agreed-upon number of payments means that you can accurately forecast your cash requirements, making it easier to manage your finances. Plus, with the benefit of a fixed interest rate, you don’t have to worry about interest rates increasing and impacting your payments. This allows you to protect your business against inflation and operate with more confidence in the long term.
Adding “Soft Costs”
With financing, you can easily bundle services such as software, tooling, and maintenance with the equipment purchase, resulting in a single monthly payment that includes the entire cost. This convenience streamlines your accounting process, freeing up time to focus on other aspects of your business.
Preservation of Existing Credit Lines
By pursuing alternate financing options, you can preserve your current credit lines. Taking out a loan from a traditional bank can tie up your credit lines, limiting your borrowing ability for future needs. Opting for alternative financing methods allows you to obtain the necessary capital while maintaining your credit lines for other essential business needs. This flexibility helps you to build a stronger financial foundation and resilience in the long run.