Benefits of Equipment Financing

Equipment financing is an excellent way to maintain a higher level of cash flow month over month, as the large equipment expenses are spread out over many months or years. Leaving that cash in your control allows you to take advantage of growth opportunities.

If you’re in an industry with several price increases over five to ten years, you’ll increase your cash flow while still paying the lower rate locked in the financing contract.

Certain commercial equipment is tax deductible, and an equipment financing plan helps you track expenses better than other depreciation-based tax benefits.

Like any credit account, “good behavior,” such as keeping an open balance and repaying on time, can increase your credit limit over time, giving you added flexibility.