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7 Key Benefits of Equipment Financing for Manufacturing

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For many manufacturers, the costs of purchasing new equipment — or replacing equipment that has reached its end-of-life — can be more than daunting: it can be prohibitive. Fortunately, that is where National Business Capital’s equipment financing for manufacturing enters the picture as a practical and affordable solution.  

manufacturing equipment financing

7 Key Benefits of Equipment Financing for Manufacturing

  1. Purchase Now vs. Later: Instead of waiting months or years to purchase the assets you need, equipment financing helps you to buy them now — which means you can use them to increase capacity, drive revenues and boost profitability.
  2. Hedge Against Inflation: By purchasing assets now, you lock-in at today’s price. Waiting months or years likely means that the price will rise due to inflation and/or increased marketplace demand.
  3. Flexibility: You can customize the funding to align with your specific needs, such as cash flow requirements, tax planning, expense planning and accounting strategy (e.g. off-balance sheet financing, improved reporting earnings, increased return on assets, etc.).
  4. Reduce Risk: Even if you have the capital on-hand to purchase new equipment, it may make strategic sense to preserve it instead of spending it. Especially if you have some concerns that equipment in question may not deliver a short path to ROI, equipment financing may be the answer.
  5. Increase Competitive Advantage: The equipment you purchase can be used to increase your competitive advantages, which will translate into a more valuable brand, along with more customers, sales and profits. Conversely, not purchasing the equipment could erode your competitive advantage and damage your brand.  
  6. Greater Purchasing Power: Financing gives you more purchasing power, which you can leverage to negotiate a lower price and/or a more favorable agreement.  
  7. Tax Advantages: Finance payments are tax deductible, and you will be able to depreciate the equipment (how fast you can depreciate and the amount depends on a variety of factors, including the type of equipment, when it is purchased, and so on).

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Manufacturing Equipment Requirements

You do not need to have several years of operational history — a few months is typically all we require. What’s more, it is fine if you have impaired or bad credit (business and/or personal). We are much more interested in what you are doing today and what you have planned for your successful future than we are about what may have transpired in the past.

Learn More About Equipment Financing for Manufacturing

To learn more about our equipment financing for manufacturing solutions, contact a Business Financing Advisor today at (877) 482-3008, or fill out our 1-minute application online, and an advisor will contact you in seconds. Either way, get that phone ready!
We look forward to being part of your success story!   

Last Updated on June 25, 2018

National Business Capital is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.

Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!

About the Author, Joe Camberato

Joseph Camberato, CEO at National Business Capital & Services, developed a passion for business at a young age. Joseph has a true respect for anyone who owns a business and enjoys engaging them in discussions of how they “made it happen.”

Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.