Wellness Centres and Medispas greatly benefit from offering multiple wellness services. This requires having a large selection of reliable, medical-grade equipment, requiring a large financial investment for the business. Instead of buying equipment that costs your business thousands of dollars, you can lease the equipment instead, making the top-of-the-line products affordable through payment installations. If you are a new business owner or if you hope to expand your business and want to have high quality equipment without large capital expenditures limiting your cash flow, leasing is the best option for you. Medical equipment leasing is a great way to facilitate your business needs without large capital expenditures while offering multiple benefits.
The Benefits Of Equipment Leasing
Make Equipment More Affordable. Whether you require equipment for laser treatment, physical therapy, or anything in between, top-of-the-line equipment for your business can be expensive. While some market items can be well priced, they are often not designed for commercial use and will quickly wear out. Having great quality equipment can mean a larger price tag, but leasing your equipment allows you to use these top-of-the-line products without paying initial upfront costs.
Easily Update Equipment. By leasing equipment instead of outright owning it, you can upgrade equipment easier without any losses. Whereas owned equipment would have to be sold at a depreciated value in order to upgrade, when your lease ends you can begin a different lease with newer equipment. This strategy allows you to best serve your customers with consistently up-to-date equipment at no extra cost to your company.
Personalize Financing. With a flexible payment schedule, you can choose a payment plan that works for your business by choosing payments that are monthly, seasonally, bi-annually or annually. Structuring your payments to match your revenue allows for greater cash flow.
Optimize Cash Flow. By not paying a large capital and instead using the equipment to generate revenue, you maintain cash flow that can be used to make other payments. By slowly paying for the equipment in installments, you can preserve your working capital to grow your business.
Tax Benefits. When you lease your equipment you can typically write off payments as a tax expense instead of claiming the equipment’s depreciation over time.
No Loan Required. Purchasing commercial equipment can be an expensive endeavour, particularly for new or rapidly expanding businesses. To get new equipment, many businesses need to take out a loan from the bank. This is limiting for several reasons:
- The equipment may not be immediately available as the loan application process can take a long time.
- Because you are buying the equipment you will be unable to upgrade without suffering losses.
- There may be high interest rates.
Leasing offers immediate access to medical equipment that can be upgraded every time a new contract is signed and your payments remain the same throughout the contract without the markup of bank based loan interest rates.
Equipment Leasing Through First Capital Leasing
Since Wellness Centres and Medispas rely on high-quality, cutting-edge equipment, it is imperative that you can deliver the newest technologies to your clients without putting financial strain on your business. If your company is looking to expand or if you’re a new business owner, First Capital Leasing can help you get the best equipment without large capital expenditures. With over 85 years of combined experience in the commercial leasing industry, First Capital Leasing will work with you to determine the right solutions for your business and equipment leasing needs and we will make it effortless to obtain financing and manage your lease. To start leasing equipment and increasing revenue, call First Capital Leasing at 1-888-251-3644 or fill out the online contact form.
Q: Why partner with First Capital Leasing Ltd.?
A: You certainly can lease your equipment by yourself, but your supplier may not be as flexible as we are. We offer tailored financing solutions at superior rates that perfectly align with your budget and timeline.
Q: I bought my equipment, but now I have little cash flow. Can you help?
A: First Capital Leasing Ltd. offers multiple sale-leaseback plans. You sell the equipment you own to us, and we lease it back to you at advantageous rates. This frees up significant working capital that can be invested in expanding your business.
Q: If my company is not based in Calgary or Alberta can I still use First Capital for equipment leasing?
A: Yes, while First Capital is based out of Calgary, our commercial leasing services are not limited to Calgary or Alberta.