Whether you’ve started a new business or have been going at it for years, finding new ways to grow your business is essential. One of the best ways to grow your business and see it flourish is with new equipment.
New equipment brings many advantages to your business. It can help increase productivity and efficiency, make your workplace safer for employees, and allow your business to keep up with industry changes and the competition.
However, many small and medium-sized businesses don’t have cash on hand to purchase new equipment outright. Even if they do, it can tie up their cash flow, leaving them vulnerable to unforeseen changes and issues.
Equipment leasing is an excellent alternative to purchasing equipment outright or getting a loan from a big bank, something often out of reach for new or small and medium-sized businesses.
Our financing experts at WiseCap want to see your business succeed and will work with you to find the best leasing option for you. In this post, we’ll list the reasons why equipment leasing is a good option for your business, including how almost any equipment can be leased, how it can be used for smaller or larger pieces of equipment, how it helps keeps cash flow open and more.
Almost Any Equipment Can Be Leased
Many business owners mistakenly believe that leasing is limited to certain types of equipment, like vehicles. However, in addition to equipment for things like trucks and trailers, we can also help finance almost any piece of equipment. Our financing experts come from various industries and know the importance the right piece of equipment has and the impact it can have on a business, and they also know that the right piece of equipment might not be the most obvious one.
We’ll work with you no matter what type of equipment you’re looking for. Just get in touch with our experts, and we’ll discuss your options.
One of the biggest equipment financing misconceptions is that leasing is only for enormous equipment like agricultural, construction and manufacturing machines and equipment, like CNC machinery, dump trucks, and more. While it is true that WiseCap works to help manufacturing and construction companies access the large equipment they need, it’s not just commercial equipment financing that we provide. You can lease almost any piece of equipment you need for your business, including:
- Spa equipment
- Medical equipment
- Technical equipment
- Hardware and software
- Office furniture and equipment
- Office supplies
- Tools and equipment for garages
- Point of sale equipment for retail businesses
- Equipment, food trucks or point of sale equipment for restaurants
- Equipment for sports arenas or golf courses
Don’t see the equipment you’re looking for listed above? Feel free to get in touch, and one of our financing experts will be happy to discuss your needs.
When you work with professional and dedicated equipment financing companies, you can take advantage of their connections. At WiseCap, we want to make accessing the equipment you need to run and grow your business as easy as possible. We have partnerships with equipment sellers and brokers to help you easily access heavy equipment or small equipment, depending on your needs. Our connections can often help locate equipment even during equipment shortages.
Purchasing equipment outright ties up your working capital, which is often better used for day-to-day expenses. Working capital is also essential for handling unforeseen and unexpected business expenses. While new equipment can help lead to an increase in revenue, sinking all of your working capital into a new piece of equipment likely isn’t the best way to get there.
Our business financing experts are also experienced and passionate business owners, entrepreneurs and professionals, just like our customers. They know how essential access to equipment is for a business, so they’re eager to help provide that access. At WiseCap, we take a holistic approach to your financing. We want to see your business flourish, so we take the time to understand the strategic financing needs, budget, equipment usage and more. Contact us today to get the financing solutions and access to equipment you need for your business.