Let Your Equipment Pay For Itself During Uncertain Times

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With the economic uncertainty of the future weighing in on the forefront for many small businesses, available cash flow is going to become more of a necessity than an option. What will stay certain is the need for businesses to gain access to funds for inventory, hiring personnel, or obtaining equipment to stay solvent and/or scale.

A common theme we have discovered over the last several months of the pandemic is business owners wanting to pay cash for their equipment. The question becomes, “why pay cash, when you can access the benefits of financing and let the equipment pay for itself?”

It’s like the consumer who has $25,000 ready to purchase a new car in cash but for a new $50,000 truck, will consider financing. Business equipment works the same way…

Whether you need heavy construction, medical, IT, or office equipment — using an influx of your cash flow to pay for equipment is not the best option. Yeah, you would have no payments for years to come but think about where else you could use your cash right now or saving it for unexpected expenses while your equipment is on lease paying for itself.