Company presidents and small business owners are usually hesitant to use their available cash to fund their acquisitions.
It is a normal sentiment. Nobody in their right mind would willingly use their liquid working capital reserves for large capital equipment acquisitions unless they do not have any other options.
Cash is still king in a lot of places these days.
However, in order to spur business growth, working capital outlays are totally necessary. Big companies and small businesses have to buy assets such as land, vehicles, and equipment necessary to expand. These items are usually not cheap.
The good news is that with regards to equipment acquisition, there are other options for these same entities to secure them without parting away with their hard earned cash.
As an equipment vendor provider, it is to your interest to offer options to these companies making equipment acquisitions. There is an option besides a straight purchase that you can pass along to your clients. This is called the equipment financing and equipment leasing.
In this blog post, we will discuss more about this vendor equipment leasing program.