Some other advantages include:
Replace Old or Broken Equipment: this financing solution will allow you to replace equipment that’s beyond repair while maintaining healthy cash flow reserves. By upgrading to the latest technology, your business will stay competitive.
Potentially Save on Taxes: manufacturers can take advantage of Section 179 tax deduction to deduct the total cost of equipment from the current year’s taxes.
Enjoy Flexibility: equipment financing offers the utmost flexibility when buying equipment, with the option of keeping it at the end of the lease or renewing a lease.
Deal with Manageable Costs: the high costs of obtaining new equipment can be divided into easy payments over time.
Requirements for Equipment Financing and Leasing
Applying for manufacturing equipment financing is easy with 1st Commercial Credit. Fill out a short online application, and one of our specialists will contact you to learn more about your business and your equipment needs. We will help you decide which financing option is a good fit for your business needs and budget.
Manufacturers are choosing 1st Commercial Credit because of the following reasons: