7 Key Benefits of Equipment Financing for Manufacturing | NBC Advisor


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7 Key Benefits of Equipment Financing for Manufacturing

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 helps entrepreneurs secure quick and fair financing to save time and cultivate sustainable growth.

Our stress-free online platform is designed for simplicity and speed, helping business owners go from application to approval in a matter of hours. And while we remain a leader in the Fintech industry, our clients agree it’s our personalized service and award-winning team that sets us apart.

From SBA loans to lines of credit, to equipment financing, and more, business owners can access all the different financing programs available to them in one place. Through our streamlined process, we have helped clients secure $2 billion in financing since 2007, and, more importantly, we’ve helped entrepreneurs save a tremendous amount of time and grow faster.

About the Author, Joe Camberato

Joseph Camberato, CEO of National Business Capital, developed a passion for business at a young age. Joe started his company in 2007 in his spare bedroom and has grown to secure over $1 Billion dollars in financing for small business owners nationwide. National’s team has an amazing culture and has been name the #1 Top Workplace on Long Island 3 years in a row and counting. Joe is a trusted financial expert who’s published more than 2,000 articles in the last 3 years. His articles have generated over 5 million page views and has been featured on blogs such as Google News, Yahoo, CNBC, Forbes Magazine, etc. His passion has also inspired him to build the "GrowByJoe” YouTube channel where he shares his insights into small business trends and tips for growth. Joe also holds a seat on Forbes Finance Council and is an active member of the Young Presidents' Organization (YPO), a global leadership community.





Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advice from National Business Capital and the author. Do not 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 on this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there may be errors, omissions, or mistakes.