Category Archives: Construction Equipment Financing

Construction Equipment Financing Oakland County, MI

If you are in need of construction equipment financing in Oakland County, Michigan please contact Liberty Business Financing at (586) 484-7887 today for more information.

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Three Advantages of Construction Equipment Financing Over Purchasing Equipment

Construction Equipment Financing Oakland CountyToday, many construction businesses are leasing their construction equipment rather than purchasing it on their own. The following advantages leasing equipment has over purchasing makes it an important option to consider, especially in industries where having up-to-date equipment can make or break business success.

Lower payments

Purchasing construction equipment with cash upfront could leave a big hole in your budget. Your business could be left scrounging for weeks to make up for the payment.

Alternatively, leasing equipment allows companies to set a payment plan that works with their budget. Because many leasing companies offer 100 percent financing with no down payments, working capital can be preserved and monthly budgets stay consistent. You can hang onto your monthly profits and use them to reinvest into your business.

Also, by anticipating exactly how much they’ll be paying each month – even with the addition of new equipment – lessees have the benefit of cash forecasting. Budgets can be accurately assessed without fear of unknown costs in the future. Forget about the rainy day fund; upgrades, repairs, and future equipment acquisitions can easily be worked into your budget.

Less risk

Items depreciate. Whether its medical equipment, computers, construction tools, printing gear other equipment your business utilizes, technology becomes outdated fast. Some products might be beefed up with enhanced features, while others are outright replaced by newer technologies. A cash purchase runs your company the risk of owning dated or obsolete technology. You’ll face the question of selling for a loss or bearing with the outdated products, which places many a small business owner between a rock and a hard place.

With the option of equipment leasing, a small business can avoid that question altogether. Short-term leasing means you can upgrade quickly, keeping you current with the latest in the industry.

More options

Using limited funds for a cash purchase could send you shopping in the bargain section. It might mean only half-furnishing your restaurant’s kitchen, or partially equipping your construction team. Limited investing could debilitate your company’s progress, causing you to lose out to your competition.

Equipment financing keeps many doors open. A wide array of new and used products are suddenly within reach. With leasing, investing fully in your business is much more affordable, bringing your productivity to its full potential. source: nationalfunding.com

Please call Liberty Business Financing at (586) 484-7887 if you would like more information about our construction equipment financing in Oakland County, MI. Click here to learn more about our construction equipment financing programs. 

Construction Equipment Leasing Fulton County, GA

Call Liberty Business Financing at (586) 484-7887 to speak with our Fulton County, GA construction equipment leasing team.

10 Key Benefits of Construction Equipment Leasing or Financing

Construction Equipment Leasing Fulton County, GAGiven growing equipment demand amid ongoing economic uncertainty, many businesses find that construction equipment leasing is a key acquisition strategy. The current market shows equipment financing is as vital and available as ever, enabling businesses to secure the assets they need while achieving their operational and financial objectives. A closer look at 10 key benefits of equipment financing show that there’s no need to wait until the end of the year to acquire equipment.

1. Flexible Financial Solutions. The types of financing solutions equipment finance companies offer – especially leases – are flexible and can be tailored to specific accounting, tax or cash flow needs.

2. Capital preservation. Financing versus spending cash, and particularly the type of financing employed (lease vs. loan), can help mitigate the uncertainty of investing in a capital asset that may not yield the desired return or increase efficiency, cost savings or future sales.

3. Improved Expense Planning. Maintaining cash flow and consistent budgeting is another benefit of equipment financing. Instead of considerable capital outlays resulting in huge budget fluctuations, financing enables even expense planning.

4. Business Cycle Flexibility. Some types of leases allow for seasonal business fluctuations, lower monthly payments while a project is ramping up and revenue is not yet being generated from the equipment, and other specific circumstances.

5.Up-to-Date Technology. Many businesses couldn’t afford to outright buy the equipment they need to be competitive and thrive. With term financing, they are often able to acquire more and better equipment that may have been out of their reach if they only considered buying it.

6. Equipment Expertise. Many equipment finance companies are equipment experts and offer equipment specialties which other sources of finance do not. Equipment financiers have special relationships with manufacturers and distributors, specializing in certain equipment types or industry categories.

7. Managed Obsolescence. The risk of owning obsolete equipment is eliminated if you use lease financing for your acquisition since many agreements allow for easy, fast equipment updates. Most equipment finance companies, in partnership with their vendors, will work with your business to “right size” the equipment.

8. Dependable Asset Management. Asset management is a key benefit of many forms of equipment finance, ensuring equipment in operation isn’t under-utilized or over-utilized. A good asset management program tracks equipment throughout its life cycle from delivery to installation, use, maintenance and finally de-installation and disposition.

9. Equipment Disposal. Most businesses don’t have the resources or knowledge to efficiently manage and sell their old equipment. You may essentially outsource the equipment management function so the financing company can handle its disposal or resale when it’s time to retire the asset.

10. Reduced Risk. Equipment purchases involve risk to the owner, from equipment expertise to capital outlays, from asset management to obsolescence. Financing removes many unnecessary risks allowing you to focus on your business. source: forconstructionpros.com

Click here to learn more about our leasing and financing options for construction equipment.

If you are interested in construction equipment leasing in Fulton County, GA please call Liberty Business Financing at (586) 484-7887 today!