If you manage or own a landscaping company, you understand that having the right equipment in place plays a huge role in improving your bottom line. And a skid steer is an incredible piece of equipment that improves your operational efficiency. However, skid steers are not cheap.
The cost of a skid steer is usually too high for small-scale landscaping businesses. This is where financing works as a great option to buy a skid steer. Landscaping businesses often deal with seasonal demand. It involves less work in the fall and more work during the spring and summer months. It is one of the main hurdles for landscaping businesses to maintain a stable cash flow every year.
In this article…
- Match Payments to Your Cash Flow
- Benefits of a Seasonal Financing Plan for a Skid Steer
- Get the Equipment You Need Sooner
- How to Lower Upfront Costs by Financing
- Why Finance with Beacon Funding
- Ask About Lower Payments During Your Slow Months
This article explores seasonal payment plans that can help landscape entities buy a skid steer. Let’s break down how financing a skid steer for a landscaping fleet can do wonders for your business.
Match Payments to Your Cash Flow
Seasonal financing payments on a skid steer can help you match your cash flow with the seasonal changes to your landscape business. Seasonal equipment financing payments are perfectly structured, and payments are customized around the landscaping business’ cash flow.
This allows landscapers to make lower payments during the off-season and higher payments during the peak season. It is an added flexibility that allows landscapers to invest in the skid steer or any other type of equipment they need to run business operations without taking big chunks out of their finances.
Matching monthly payments based on cash flow is a great way to acquire a piece of equipment like a skid steer. Avoid making a significant cash investment upfront while still getting the equipment you need to grow. Most importantly, matching the payments to cash flow allows landscapers to avoid the cash flow crunch.
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Moreover, seasonal skid steer financing payments make it easier for landscaping businesses to manage their overall expenses effectively.
Benefits of a Seasonal Financing Plan for a Skid Steer
Lower payments during the slow season and higher payments during the busy season:
Flexibility is one of the main perks of seasonal financing for a skid steer. You can make lower payments during the slow season and higher payments during the busy season. It is a great way for landscapers to avoid potential cash flow issues amidst slower months.
Reduce financial stress:
Seasonal equipment financing plans reduce financial stress on landscapers and allow them to manage their expenses more effectively. When you spread out all the payments, you avoid making large payments throughout the slow season, especially when your cash flow is tight.
Keep enough cash flow to cover expenses:
Seasonal financing for a skid steer allows ensures your businesses able to comfortably afford you financing payments year-round.
Maintain the equipment they need to run their business effectively:
As long as the regular monthly payments match your cash flow, you can maintain equipment in solid condition and prepare to handle the demands of the busy season.
Invest in the equipment you need to grow your business and maintain a competitive edge:
Instead of needing many pieces of equipment to perform different tasks, you can finance a skid steer with multiple attachments. Perform different tasks with one machine to save a lot of time and money. Spreading out equipment costs over a long period allows landscaping businesses to only make investments that they need and reduce unnecessary strain on their overall finances.
Get the Equipment You Need Sooner
You can finance a skid steer with different attachments, like augers, buckets, pallet forks, trenchers, etc. You can also swap out any one of these attachments to perform various tasks.
Skid steers are incredibly versatile, and commercial users can use them for grading, landscaping, snow removal, demolition, hauling, paving, and excavating.
Instead of waiting to save up enough cash, financing allows you to afford a skid steer and the relevant attachments sooner. Businesses can apply in 24-hours for funding instead of saving up years of cash – what a game-changer!
How to Lower Upfront Costs by Financing
It is one thing to realize and recognize the need to buy a skid steer, and quite another to lack enough funds to make an actual purchase. And this is where equipment financing works its magic. If your landscaping business doesn’t have enough money to buy a skid steer with a single upfront payment, you can leverage the equipment financing option.
Investing in a costly skid steer is a huge expense for startup landscaping businesses. Showing your worth to a banker or lender can be difficult when you don't have the years of experience or capital to back you up. Look for a lender that has a history of approving start-ups, like Beacon Funding, to increase your chance of an approval. With 70% of businesses approved, it’s a perfect option for businesses to get their hands on the equipment they need and cut back on upfront costs.
Financing a skid steer is a wise option for landscaping businesses that want to breakdown their costs over a longer period. On top of lowering your upfront costs, financing a skid steer can potentially lead to tax benefits. And that’s because Section 179 allows you to deduct all or part of qualifying equipment in the same year you acquired it.
How Financing Works
Apply online
You can apply to finance a skid steer in a matter of minutes at Beacon Funding. It’s a 100% digital process and cuts out the need for landscaping businesses to have in-person communication.
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Chat with an expert
Once you share your key business issues and budget expectations, Beacon Funding will help you set strategic business goals and create a suitable equipment financing plan.
Safe & secure e-Bank statement verification
Gone are the days of manual paperwork. Today, you can easily provide digital banking statements online. Beacon Funding has an e-verification platform that is safe and integrates with the most renowned banks.
Application Review
Beacon Funding reviews your business profile based on available cash flow, equipment financing needs, personal credit, business pay history, and time in business.
You’re approved
Beacon Funding processes and completes credit line decisions within 24 hours. After approval and the landscape business agrees to the terms, Beacon Funding sends the agreement. You can use DocuSign to sign and accept the agreement within a few seconds.
Equipment Delivery & Acceptance
Until you confirm that current financing terms meet your set expectations, Beacon Funding won’t initiate the financing transaction.
Why Finance with Beacon Funding
If you’re looking for a flexible and reliable financing partner to meet your equipment needs, Beacon Funding deserves your consideration. Here are the main reasons that’ll convince you why you should finance a skid steer or any other equipment with Beacon Funding:
Start-ups Approved
Unlike many financing companies and platforms, Beacon Funding works side-by-side with new businesses and startups. Whether you’ve been running a company for a while or are starting a new landscape business, you can count on Beacon Funding to get the financing you deserve and need and buy the necessary equipment to drive growth for your business.
Flexible Programs
Since each business has its own unique finance requirements, Beacon Funding has several flexible financing solutions in place. Whether it’s a lease-to-own option or a seasonal payment plan, you can customize these financing programs to meet your business needs.
Build Business Credit
One of the main reasons to finance with Beacon Funding is that it helps businesses build their credit line. Since you make prompt monthly payments on equipment financing, your credit score improves over time. This makes you eligible to get better financing rates and terms in the foreseeable future.
Equipment Expertise
Beacon Funding has a professional team of experts who understand the mechanics, processes, and technicalities of equipment financing. You can count on these experts to help you make logical decisions about financing a skid steer.
Dedicated Expert
Once you reach out to Beacon Funding, you’ll get assigned a financing expert to guide you through the equipment financing process. Your assigned expert will help you better understand your landscape equipment requirements and answer all your questions.
New and Used Equipment Financing
With Beacon Funding, landscapers can get financing for used and new skid steers. So, whether you want to buy a used or brand-new skid steer, Beacon Funding can get you the financing to run efficient business operations.
Before You Finance, Ask About Lower Payments During Your Slow Months
Seasonal payments allow startups and mid-range landscaping businesses to buy the equipment they need. When the income stream is unstable due to seasonal changes, you need to leverage a seasonal payment solution to buy a skid steer.
Share with us your slow and busy months so that Beacon Funding can match payments that would work best for you. Schedule a meeting now.