Replacing old construction equipment can come with a high cost and put an immense strain on a business’s cash flow. This is where equipment financing comes in with a better and more fiscally reasonable solution. With our construction equipment financing, you can replace or upgrade the tools your business needs and keep money on hand for other business expenses.
This alternative solution for costly equipment gives you the option of setting up an equipment lease or purchasing equipment. Both financing options are available for new or pre-owned equipment so you can find the best equipment for your business. Equipment financing will allow vendors and buyers to:
Replace Old/Broken Equipment: this financing solution will make it possible to replace equipment that’s beyond repair while maintaining good cash flow reserves. By upgrading to the latest technology, your business will stay competitive.
Potential Tax Savings: companies can take advantage of Section 179 tax deduction to deduct the total cost of equipment from the current year’s taxes.
Benefits of Equipment Leasing: equipment financing offers total flexibility when buying equipment, with the option to keep it when the lease ends or renew the lease.
Benefits of Equipment Financing Loans: the high expenses of obtaining new equipment can be divided into easy payments over time.
If you have a specialized lending company that offers financing options like leasing or loans, you can get the equipment you need and maintain precious cash reserves. Additionally, if you decide financing equipment is the way to go, your business could potentially also enjoy saving thousands of dollars with unique tax benefits.
Requirements For Equipment Financing And Leasing:
Applying for construction equipment financing is easy with 1st Commercial Credit. After filling out a fast and easy online application, one of our specialists will contact you to learn more about your situation and equipment needs and help you choose the best financing option. Construction contractors are choosing 1st Commercial Credit because of the following reasons: