Oil fields are opening back up in Texas. The industry is booming, and there is a growing need for labor. This spike in activity will also heighten the demand for new equipment, used equipment and equipment repairs. If you do any sort of work involving oil fields, it is time to consider the merits of equipment financing.
Oil companies and businesses of just about every other variety require equipment to function. However, such businesses often tie up their funds in other endeavors and assets. If you do not have enough cash on-hand to purchase or lease the equipment you need, you will not maximize your enterprise’s potential. Take advantage of equipment financing options, and you will be armed with the cash necessary to upgrade your equipment, have your equipment repaired and respond to equipment needs that pop up from time to time. Whether you require a new vehicle, vehicle repairs, machine tools, computer systems, office equipment or equipment of any other variety, it can be purchased or leased through an equipment financing program.
The equipment financing process is as straightforward as it gets. Simply complete an equipment financing application. A decision to approve or deny your application will likely be made in the 24 hours following submission. Review the terms and conditions of the equipment financing program and the appropriate documents will be prepared. The vendor(s) will then be paid and you will be provided with the equipment your business needs to operate and grow. Numerous payment programs are available to suit your business’s unique needs. Loan terms extend all the way up to 60 months so don’t stress out about pressure to repay the financing in the immediate aftermath of the initial transaction.
If you operate in the oil industry, time is of the essence. You need to get that oil out of the ground and transported as quickly as possible. This work requires top of the line equipment, hardworking employees, an office and a number of other supportive elements. Equipment financing will provide the necessary funding to procure and deliver oil in a timely manner. Such financing allows you to continue redirecting your cash flow as you have deemed reasonable, preserves alternative lines of credit and even hedges against the risk of inflation. Equipment financing provides your business with the money you need right now so your operation can hit its stride and maximize profit. This is exactly what you need to tap into the power and efficiency of cutting edge equipment.
MY Company Funding is here to provide your oil business or other enterprise with the equipment financing necessary to catalyze growth. We are even willing to work with those who have an average or low credit score. If you have any questions about our equipment financing program or would like to get the ball rolling on an application, contact our finance specialists today at 740-917-4960.