Buying expensive equipment for your business ties up money that can be better used for daily operations. There are two common alternatives to buying. The first is leasing, which is like renting your office space in that you pay a monthly fee to use an asset that you never own. The second is financing, which […]
Business equipment financing provides capital to buy equipment so that your company has what it needs to grow or continue existing operations. The equipment itself serves as collateral for the loan, but as long as it’s paid within the set terms, you continue to have access to the equipment. However, a default can result in the loss of the equipment […]
Equipment failure can lead to some significant costs for your business. When manufacturing equipment fails, you experience downtime; this leads to lost revenue, lost customers, and lost opportunities. In fact, the true cost of downtime can be much more than you expect, as it involves a multitude of different factors.
When equipment fails, it can cause your entire business to screech to a halt. It can even be dangerous for your employees. Protecting your business from equipment failure requires an understanding of why equipment fails and the proactive measures you can use to avoid equipment failure.
Spring is typically a time when businesses need to utilize new equipment on new projects. After the slow winter months, you might find yourself short on cash for essential initiatives. In business, having cash available when you need it is crucial. Of all the loans you may apply for, one of the most significant is an […]
Small and large businesses alike finance equipment to manage cash flow while meeting capital expenditure needs. Equipment financing offers several advantages over cash purchases of large ticket items such as computers, construction equipment and other equipment that is essential to your enterprise.
There are benefits to both leasing and financing your company’s equipment needs. Your decision depends on the benefit of owning the equipment beyond the loan or lease period as well as your company’s financials. This is a critical consideration that deserves your time and attention, but you have a business to run. So, we put […]
If you own a construction business, you know that purchasing new equipment can throw a wrench in your company’s budget and drastically impact your bottom line. Taking advantage of financing options allows you to expand your business without tanking your cash flow or exploding operational costs.
Just about every business stands to benefit from equipment financing. We provide this important form of financial assistance to help businesses that need capital for the purchase or lease of machinery, tools and other necessities required to produce their products. We will help you pay for these essential machines so you can meet demand, stay […]
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 […]