What Access to Equipment Can Do for Your Business

Access to new equipment can improve your business’ mobility, productivity, & efficiency.

From a business standpoint, there are several great reasons to choose equipment financing. It can help you grow your business, give you an edge over the competition, and solve existing operational challenges. And from a financial standpoint, equipment financing makes perfect sense too. It can increase your working capital, help you maintain your cash flow, and help you create a consistent budget.

In this article, however, we want to focus our attention beyond those benefits. Let’s discuss an even more basic benefit of equipment leasing: the equipment itself. Access to new technologies, better models and more equipment can really help your business. In this article, we’re looking at a few different ways that access to equipment can work for you.

Equipment Leasing with WiseCap

At WiseCap, we’re experts in business financing with numbers know-how, ample industry experience, and a passion for equipment financing. If your business is considering new equipment or major repairs, talk to the experts at WiseCap.

We offer financing for a wide variety of businesses. If you’re looking to grow your fleet with new trucks and trailers, we can help. If you have a manufacturing company in need of heavy equipment, like CNC machinery, foundry equipment, mills, etc., we are your financing experts. If you’re in the construction business, and want to update your large tools and construction equipment, we’re there for you. And if you run a small to medium-sized business on the hunt for new spa equipment, medical equipment, technical equipment and more, we can help with that too.

In short: if it’s equipment you need, WiseCap is at your disposal. Our business financing experts can fulfill all of your equipment financing needs, big or small.

But enough about us. Let’s get to the heart of the matter: what access to equipment can do for your business. Here are a few basic advantages of having the right equipment on your side.

Increase Your Mobility

Whether you’re a medium-sized business looking to transport your products to more consumers, or a large trucking company hoping to extend your reach, transportation financing is a budget-savvy way to increase your mobility. If you’re wracking your brain trying to figure out how to afford the vehicles you need to fulfill your daily operations, and stay competitive in an increasingly mobile business landscape, let us help.

At WiseCap, we offer transportation financing options for various industries and vehicles. We also provide consumer financing services for people who want to be more mobile, and need help with their next big purchase.

Get New, Safe, Efficient Equipment

Old, inefficient equipment can hamper your business’ productivity, cost you excess cash in maintenance and fuel, and even pose safety hazards. With access to new, state-of-the-art equipment, however, your business can be more productive, more cost-efficient and safer.

The cost of new equipment can be prohibitive for most businesses, though, which is why we recommend equipment financing. When you apply for financing with WiseCap, you get access to up-to-date equipment without eating into your working capital.

Improve Production

Let’s say you own a pizza restaurant, and the only thing holding you back from meeting increasing customer demands is your lack of a large, powerful pizza oven. What do you do? The answer is simple: realize your full production potential with new equipment.

Of course, that’s just one lone example. Whatever industry you are in, there is probably a piece of machinery, vehicle or tool that can crack your business’ potential wide open. Whatever that missing ingredient is, we’re here to help you finance it.

Manage Obsolescence

One of the toughest tasks a business takes on is managing obsolescence.

Let’s take the trucking industry as an example. Traditionally, fleet operators have had to weigh the ROI costs of impending functional obsolescence against acquiring new vehicles. As David A. Kolman from Fleet Maintenance points out, even if a truck isn’t functionally obsolescent (not working), it may still be economically obsolescent (not worth keeping because of its fuel costs, maintenance costs, emissions, etc.)

Access to new equipment through equipment financing, like truck leasing, lets your business manage obsolescence easier.

Take on More Jobs

Access to the right equipment lets your business take on larger, more complex, and more specific jobs. You never want to turn down a contract just because you don’t have the right equipment. Luckily, with equipment financing, you can get the equipment you need, when you need it without worrying about coming up with sizeable down payments. From essential machinery to niche tools and vehicles, the right equipment opens up a whole new world of client possibilities.

To recap, there are compelling financial and business reasons to explore equipment financing options, but there are also several other reasons why having access to new equipment can help your business. If your business is looking for new equipment or major repairs, contact us here at WiseCap. We’d love to help!