Financing the commercial equipment needed to grow your manufacturing business is beneficial to your company. Here are some of the benefits you can obtain by financing your commercial manufacturing equipment:
You can take advantage of the latest technology – Financing makes it easier for you to acquire the latest machinery and equipment, which will ultimately help you increase production and efficiency.
Use your capital wisely – Using your capital to purchase your equipment can be a constraint on your cashflow, and it may take you a while to recover this investment if you only rely on increased productivity.
Focus your capital on the areas of your business that cannot be financed – Want to hire additional personnel, increase inventory, or launch a new product or advertising campaign? By financing your manufacturing equipment, you can retain more capital to invest in other areas of your business.
Tax benefits – Keep in mind there are certain tax benefits to financing your equipment.
You will have a better idea about your budget – Knowing the monthly revenues your equipment generates and analyzing your monthly equipment financing payment will help you plan your annual budget with more accuracy.
Speak with a commercial equipment financing expert to obtain additional information on how financing your equipment can help your manufacturing business!
At CEFI, we always enjoy holding conversations about your industry, your company and your equipment needs to evaluate ways we can support your business’s growth. Call us at (787) 302-2234 weekdays; 8:30am-5:30pm.
Commercial Equipment Finance, Inc. | 353 Domenech Ave. Suite 201, San Juan, Puerto Rico 00918