Do you think you need to wait to expand your business? It may be easier than you think and we can help.
When it comes to growing your business, access to the right equipment is a crucial part securing projects and keeping a steady cashflow coming into your business. Developing a longterm growth and modernization plan with the aid of a financial lender can help keep your equipment up to date, without the challenge of using all your own cash. Learn more about the benefits of growing your business by keeping your assets on track below.
Spend A Little to Gain A Lot
It’s no secret that equipment, especially heavy machinery, can be capital intensive to acquire. Many businesses choose to forgo modern updates and put off retiring older pieces to try and preserve their working capital. While there are times where it does make sense to wait to purchase new equipment, there are other times where the is a business case to acquiring more equipment to help grow your bottom line. Having the right equipment for your project – or to be able to take on new types of projects – allows you to confidently bid for more work, take on bigger jobs, and increase your revenue and in a way that sensibly grows your bottom line.
Increase Your Business Value
Beyond your company’s revenue, customer list and profitability, the equipment that you own helps builds equity in your business and can increase the overall value of your business.
Ensure Smooth Operations
Nothing puts a wrench in your job flow like an unexpected breakdown. Expanding your fleet with new units helps protect against avoidable disruption and allows you to tackle bigger jobs with ease.
Protects Your Reputation
Simply put, breakdowns, delays, or a lacking inventory may jeopardize your company’s reputation. When you have an equipment fleet that you can count on to get the job done, it’s easy to prove to customers why you’re the right company to get the job done!
Ready to Grow Your Business?
Current Financial is a leading provider of equipment financing and capital solutions throughout Western Canada. Founded by a team backed by years of entrepreneurial experience, we understand the unique challenges facing business owners and offer quick and reliable solutions to assist with your needs. Contact our team to learn more today.