If you are looking for a way to grow your business quickly and efficiently, equipment financing might be the solution you need.
Equipment financing is a type of loan that allows you to purchase or lease the equipment you need without paying upfront. This way, you can save your cash flow, improve your productivity, and expand your operations.
In this article, you will learn how equipment financing works, what are the benefits and drawbacks, and how to apply and get approved fast.
In this article...
- How Does Equipment Financing Work to Quickly Grow Your Business?
- Getting Equipment in Your Hands Much Faster
- Fast and Easy Tow Truck Financing
- Rising Prices of Commercial Equipment
- Application Built for Your Business Convenience
How Does Equipment Financing Work to Quickly Grow Your Business?
Need equipment but short on cash? Waiting can cost you opportunities to grow your business. But financing equipment with Beacon Funding gets you equipment into your hands fast so you can start generating revenue.
How fast and easy is the application? Submitting an online financing application with Beacon Funding takes less than 5 minutes!
- Fill out some simple questions about your business and the equipment you need.
- Instantly submit your bank statements with hassle-free secure electronic verification.
- Receive an answer on your credit application within 24 – 48 hours.
After you apply for equipment financing, we take care of the rest. Your dedicated financing consultant will work to get you the quickest turnaround time possible.
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Getting Equipment in Your Hands Much Faster
When your business needs to grow, waiting to save up cash isn't always an option. Equipment financing can help you get the equipment you need quickly, so you can start using it to make money sooner.
Fast and Easy Tow Truck Financing
Buying a truck or equipment is a big expense. With equipment financing, you can spread out the cost over time with affordable monthly payments. This way, you can get the trucks or equipment you need without a huge upfront payment.
Rising Prices of Commercial Equipment
Commercial equipment is getting more expensive. Inflation leads to an increase in the cost of raw materials and production, which subsequently drives up the cost of trucks, landscaping machinery, and decorated apparel equipment...
So, what do you do when you rely on heavy machinery to operate? One approach is to consider leasing equipment instead of purchasing it outright, which can reduce upfront costs. Financing helps you manage your budget and get the equipment you need without waiting to save up a large amount of money. Additionally, choosing used or refurbished equipment can provide significant savings. Seeking out financing options or negotiating better terms with suppliers can also help manage expenses effectively.
Application Built for Your Business Convenience
The application process at Beacon Funding is quick and easy. It’s designed to get you the equipment you need without the hassle. With equipment financing, it’s realistic to go from application to acceptance in 2-3 business days.
