Los Angeles is a sprawling city that covers more than 469 square miles across Southern California, and is currently ranked as the second most populous city in the United States. Only the city of New York has more residents than Los Angeles, which at last count had nearly 4 million inhabitants. When you consider the entire LA-metro area there are more than 18 million residents who call this diverse city home. L.A. is both ethnically diverse as well as economically diverse. There is an incredible amount of opportunity for those who want to tap into the ultra-luxury market, as well as those who offer more universally-relevant products and services. L.A. is a city of opportunity, and this global powerhouse is the perfect locale for your small business to grow and thrive. But to differentiate yourself from the rest of the competition in Los Angeles, you’ll want to make sure that you stay at the forefront of technology – and that may require an investment into new equipment, tooling, or technology products. In order to do so, make sure that you partner with a reliable and responsive source for small business loans and equipment financing– a lender like National Funding.
New equipment can be quite expensive, and many businesses attempt to shoulder all of the burden themselves. This often means paying cash for equipment – or financing it using a traditional business installment loan. While these are both viable options, they actually do pose somewhat of a risk to businesses who choose this route. Paying cash for equipment means that you may not be in a position to handle last-minute expenses or emergencies that can come up unexpectedly. It also reduces your ability to secure credit as you may show a diminished amount of free cash on your balance sheet. Traditional business loans can be used for equipment, but most financial experts agree that a lease is often the most advantageous option for the majority of businesses. Some of the benefits of partnering with National Funding to finance your business’ equipment are:
- We offer a one-page application up to $100,000, and higher-limit programs are also available to help you secure the equipment you need.
- Quick approval times and a rapid funding process means that you can apply on a Monday and expect to have your equipment lease finalized and funded the same week! This is unheard of in the industry, and will help you get the equipment you need in no time.
- Leasing through National Funding makes you eligible for the Section 179 tax break. This part of the tax code rewards small businesses with a tax break for leasing new or pre-owned equipment – and it can be quite lucrative, just ask your tax preparer!
- Three unique programs are available – our Purchase Option lease program, the flexible Dollar Buy-Out option, or our High-Cost Equipment lease. Each has its own merits, but any of these options are a solid and affordable way to acquire the equipment you need, quickly!
If you are looking for equipment financing in Los Angeles, you’ll want to contact the experts at National Funding today. From tools to upgraded technology, major equipment to manufacturing machinery, you’ll be able to add the equipment you need and upgrade the efficiency of your business with one quick application. Contact us today to get started!