Are you starting a new business seeking to purchase the equipment you need to get up and running? Or is your business growing and you need to procure necessary equipment and technologies to facilitate that growth?
Securing the equipment you need to run your business efficiently and effectively and having available capital resources to maintain daily operations can be a fine balancing act. Sometimes business owners are forced to make decisions that compromise this balance because there seems to be no other way.
But access to Commercial Equipment Loans can grant you the ability to get the equipment you need without the costly expenditure usually associated with equipment acquisition.
The Benefits Of Commercial Equipment Loans
Free Up Working Capital The equipment necessary for a company to operate and grow can be one of the most costly expenditures for new businesses. And upgrading outdated or worn out equipment is a huge drain on the budgets of existing businesses. One of the biggest benefits of commercial equipment financing is that it frees up working capital to allow you to build, maintain, or grow your business. If you opt to finance your expensive but necessary equipment, business loans allow you to manage your cash flow and available capital as you repay your loan on a schedule that works for your business.
Access The Best Equipment Available Often business owners must choose between the most efficient and newest technologies available and the equipment they can actually afford to purchase. Even though newer more advanced tools exist that could streamline processes and save money in the long term, their prohibitive costs make attaining them impossible. But what if you could choose the best equipment available to build or grow your business with manageable repayment structures and schedules? Equipment commercial loans can eliminate the need to compromise on quality with effective financing solutions.
Flexible Loan Programs Commercial loans are not a one-size-fits-all solution. An established and reputable financing solutions company will be able to offer clients a variety of loan products to choose from. Ensure that the terms of your loan support your visions for growth and that your business can continue to thrive with competitive rates and flexible payment options.
Leasing or Loan… Which is Better?
As you can see, financing your equipment can be a great solution for your business that allows you to reserve your available capital for the maintenance or growth of your company. A Commercial Equipment Loan is just one way to ensure that you can maintain cash flow. Another option is Commercial Equipment Leasing. This breakdown could help you decide which option is best for your business.
Benefits of a Loan
- Loan uses fixed business assets for collateral
- Immediate tax deduction
- Higher credit limits since assets put up as collateral
- The asset is owned when the loan is paid
Benefits of Leasing
- The leased equipment is the collateral, no fixed assets are necessary
- No initial expenditures
- Monthly payments tend to be lower than loan payments
- Various equipment may be leased under a master lease agreement
Commercial Equipment Loans: One Way To Boost your Business
Whatever your industry, business size, current cash flow, and valuation, there are options that allow you to get the quality equipment you need to optimize operations and grow your business.
First Capital Leasing in Calgary is a full service financial services provider with the knowledge and experience to create tailored financing solutions that meet your needs and the goals for your company. We can help you figure out which strategy can support your current operations now and in the future because the best solution for the equipment you need today, might not be the best solution for the equipment you need tomorrow. When you work with FCL we aim to make you a client for life. Once you have applied for financing, you will never have to apply again. We will continue to partner with you for all your business financing needs and customize solutions just for you. If you are ready to explore loans and leasing for your business, connect with our team at First Capital Leasing today.
Q: Is there a maximum financing amount I can secure?
A: There is no maximum. We want to work with you to ensure you can secure the trucks or other vehicles you need. Contact our team to explore your options for commercial financing.
Q: What types of assets can I finance through First Capital leasing?
A: We can provide financing solutions for equipment across nearly all industries. Some of the most common industries we provide equipment leasing for include construction, agriculture, automotive, fitness, and technology. Click here to learn more about the various assets we can help you lease.
Q: How do I apply?
A: We have an easy application process. Apply Here. And once you have applied, there is no need to apply again. We will continue to partner with you for all your business financing needs.