Small Business Loans Are Winners For Furnace Financing

Furnaces
Reading Time: 2 minutes

Indirectly, at least, Direct Capital equipment leasing can keep you warm in the winter.

We recently featured John Flynn, the General Manager at the Links at Outlook golf course and someone who uses Direct Capital financing for stoves at the facility’s kitchen and for furniture, fixture and equipment leasing (FF&E) for the Barn at Outlook wedding and function hall. What we didn’t discuss last time around was Flynn’s use of equipment financing to obtain three new, more fuel-efficient furnaces for properties he owns in Portsmouth, New Hampshire.

When Matt Sullivan and I visited him at the Links at Outlook, Flynn also took the time to tell us about these McDonough Street properties. His priority this year was replacing the antiquated, creaky furnaces that the buildings had used in the past, seeking to save money over the long haul and avoid headaches caused by high fuel prices and repairs.

He turned to Direct Capital, a company he has worked closely with for over a decade, because the process of getting approval is much smoother than going to a bank, he said.

“It’s a heck of a lot easier than going through a bank,” he told Sullivan and I. “You go to your bank, they want to see everything.”

Due to the favorable rates on the leases, the relatively mild winter and the fuel-saving nature of the new furnaces, Flynn said he believed he would make his money back within the first year. He said that would not have been possible without Direct Capital financing.

“It’s a great tool,” he said. “I think we’ll get (our money) back this year.”

To learn more about how Direct Capital business loans and financing can help you, check us out online or give us a call.


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