When the winter months come in New England, we’re usually buried under a blanket of snow for weeks at a time. If you are, too, it’s time to consider equipment financing for the winter ahead!
The Farmer’s Almanac is predicting at least one major winter storm. If you own a business, keeping the doors open while dealing with all the headaches that come with snow and ice removal is difficult. It’s made much easier if you have a plow, or roof rakes or heating coils to keep that roof clean of snow that might cause it to collapse.
To do that, you’ll need equipment. Paying for it is the difficult part, which is where financing starts to make a lot of sense.
If you lease the equipment through a company like Direct Capital, you have some options. First off, you can avoid paying for all of the equipment up-front, which can help with cash flow. Secondly, with a capital lease you have the opportunity to buy the equipment outright at the end of the lease, sometimes for as little as a dollar. If you choose not to buy, the lease is over and you can walk away.
Given that winter is not a year-round problem for most of us, a lease can help you get the equipment you need without sinking a ton of money into the problem right off the bat. That’s a great idea for almost any small business.
Will you be using equipment financing this winter?