Today we tackle one of the hottest industries and explain why equipment financing is a must. You know the drill.
As we’ve noted in the past, machine tools remain one of America’s most lucrative equipment sectors. New and used equipment is in demand right now, and as such you’ll want to get your orders in if you want to have a prayer of getting that new lathe.
That’s where equipment financing programs like those that Direct Capital offers come in. With financing, you can pay back expensive machine tools at a pace that’s right for your small business. You can also get cracking on that today, while sellers are offering good deals, instead of waiting for the time when you can afford to make the big purchase all at once.
Let’s take a look at the common types of machine tool equipment and why financing makes sense.
Types Of Equipment For Financing
- Milling machines
- Broaching machines
- And much more!
The Big Advantage Of Financing
For machine tools, the huge advantage really has a lot to do with timing. As we’ve noted, new equipment is being bought up or leased almost as fast as it’s being produced, so you can’t really afford to wait.
There’s also the benefit of a payback schedule that works with your business. Are you doing fabrication work for large projects in the summertime, and thus pulling in most of your bank from June-September? It’s worth your while to get equipment financing because you can schedule your payments for those times when you’ll best have the ability to make them.
For the vast majority of businesses, it just makes sense to finance. If you can take an opportunity to make things a little easier on your small business—chances are you’re overworked and always looking for a way to ease your cash flow concerns—this just might be it.
If you’re looking for financing for your new shear, check out Direct Capital’s machine tool equipment financing programs today. How often does your business make use of machine tools?