We know that growing your business, increasing revenues, and earning greater market share is a goal that you share with all other driven business owners. But it sometimes feels like coming up with enough business capital to purchase supplies, manage inventory, repair broken equipment, and secure new machinery, is the truly challenging part of running a business. If you own or operate a business that relies on one or more ice machines on a daily basis, you understand how critical these industrial grade appliances are to your day-to-day operation. If one goes down or fails to perform at peak levels, the results can be disastrous. Spoiled inventory, upset customers, and damage to other equipment can result from faulty ice machines. If you are in the market for a new ice machine or a series of ice machines, you’ll want to decide between purchasing outright using on-hand cash, or initiating an ice machine leasing or financing program.
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Why Finance or Lease Ice Machine Equipment?
The majority of business owners see the benefits of financing or leasing versus using cash in the bank, including:
Keep more cash on hand:
Businesses require money to make money, and there must be sufficient funds in the bank to handle the ebb and flow of the revenue stream. Payroll must be met, suppliers must be paid, utility bills must be kept current, and emergency expenses can be quite unforgiving when there aren’t sufficient funds in the bank. By using an ice machine financing or leasing program, you will be able to keep more cash on-hand because little to no money down and no collateral are required to obtain the ice machines that are needed by your business. Another side effect of having cash on hand is a greater ability to respond quickly to lucrative opportunities within your field. Cash-strapped businesses often find that they must turn down potential opportunities simply because it can take money to start a job.
Maintain a tighter budget:
Purchasing ice machines outright can seriously impact your ability to work within a budget. After all, these purchases are generally infrequent but significant in terms of dollar amount – not something that you can easily work into a monthly budget. To effectively run a small business it is important to know exactly how much you can spend on a monthly basis versus how much revenue is generally realized within the month. A lease or financing program delivers affordable monthly payments that can be easily integrated into any budget.
When you are faced with the prospect of purchasing new or preowned ice machines using your available capital, it is tempting to try to skimp on quality or capacity in order to preserve cash in the bank. Ice machine financing can help break equipment costs down into manageable monthly payments, while today’s attractive lease programs often deliver even lower monthly payments and considerable flexibility down the road. Top-quality equipment can help your business to operate more efficiently, deliver better results, and reduce long-term repair and maintenance costs associated with the ice machines.
Enhanced flexibility and control:
If you are considering ice machine leasing for your business, you will likely enjoy the enhanced flexibility that comes with a National Funding equipment lease program. Three basic lease options are available – a purchase option lease, a dollar buy-out lease, and a high cost equipment leasing program. The purchase option lease empowers you to make one of three choices at the end of the lease term. You can either purchase the leased equipment at the current market value, you can renew the lease, or you can simply return the equipment. The choice is yours! With our dollar buy-out lease program you will enjoy all of the benefits of a traditional equipment lease, but you will retain the option of purchasing the equipment at the end of the term for one dollar. Finally, our high cost equipment program offers commercial leasing opportunities for equipment purchases totaling more than $150,000.
If you are in the market for one or more commercial grade ice machines for your business, contact National Funding today! The application process is quick and simple, approval rates are incredibly high, and you will likely be able to secure the equipment you need in no time at all. Make the right move – apply today!