With a recovering economic climate, many maintain an optimistic outlook for the future. Most business owners agree that their business is worth much more than it was five years ago, and 58% of all American small business owners are looking to make capital improvements this year.
If you haven’t considered financing equipment for your business, you’re actually one of the few. According to the Equipment Leasing and Finance Association, 72% of businesses in the United States use some form of financing when acquiring new equipment.
Financing allows you to purchase new pieces of business equipment without any high-upfront costs. We all use financing in our personal lives, we acquire loans for new homes and cars to break up the cost. Even if you might technically be able to pay for a new car in cash, you wouldn’t want to spend all of your money on a new car and not be able to pay your monthly bills or cover your day-to-day expenses. It’s the same for business equipment: even though you may have the resources to pay cash for new business equipment, you do not want to dilute your business’ liquidity.
Instead, enjoy the peace of mind that accompanies financing: you maintain your cash reserves by breaking up the overall cost of the equipment into payments. If you’re like most small business owners, and looking to increase your revenue through purchasing new capital equipment, American Capital Group would love to help you get the equipment you need. With over 20 years of experience in small business equipment financing, we can readily answer any questions you may have.
