When you are ready to upgrade your equipment, you need access to business equipment financing options that will help you get what you need quickly and without a hassle. With small business equipment financing options from QuickBridge, you can ensure your business has the tools it needs to grow and thrive. This is regardless of the business industry you serve or operate in.
Small business equipment financing allows firms to acquire the vehicles, industrial machinery, and other tools they use daily. Having the right equipment in good working order is crucial to any business, but it can be expensive. Small businesses often lack the capital needed to obtain and repair vital equipment. This could leave a product manufacturing business operating with equipment that’s old and inefficient, which affects revenue and could prevent the manufacturer from growing. Having insufficient capital is a major reason why many small businesses fail.
Conversely, owners may see costs decrease with the right business equipment financing plan in place. Replacing or repairing old equipment maximizes your production capacity, which often outweighs the cost of financing. For example, with higher quality equipment, construction companies might find they can get more work done in less time. Or they can simply afford to take on additional projects, knowing they have what they need to get the job done.
In addition to business equipment financing, small business owners can take advantage of the business loan Section 179 deduction. The business loan Section 179 deduction allows businesses to deduct the full purchase price of qualifying assets purchased and installed during the tax year. The section 179 deduction can be leveraged if you take out a working capital loan and allocate funds from the loan to buy hard assets, such as vehicles and industrial machinery.
Growing a business from scratch is a challenge. Maintaining that growth for the next few years could prove to be even harder. Working with a lender that specializes in bad credit equipment financing can be the make-or-break difference in the success of your business.
Capital-intensive industries like auto repair shops rely on equipment to do their job. However, without ample credit, those tools can be hard to afford or maintain. Getting a bad credit business loan is ideal for body shops that have been in operation for just a few years. With access to business equipment financing, these firms can replace or purchase what they need when they need it. Financing keeps cash flow predictable and acts as an investment for the future.
As with any small business loan, borrowers need speed and flexibility above all. Small business equipment loans from QuickBridge offers funding in as fast as 24 hours and flexible terms and conditions to meet your business’ specific needs.
Buy the equipment you need now, utilize a bridge loan to fulfill expenses before a contract is paid off, or take advantage of the numerous other loan options QuickBridge has to offer. Each comes with a straightforward application process, fast funding, and unsurpassed customer service.