Why using a brokerage for equipment financing is beneficial for new businesses
Every business starts with a great idea, but this alone isn’t a sure sign of success. In order to make your idea come to life, you’ll also need a solid business plan and the right equipment to run your daily operations. At SFL Leasing Group, we help broker equipment financing for those interested in leasing transport, agricultural, forestry and other kinds of equipment to transform their big idea into a stable commercial operation. We’re a family business ourselves and have forty-five years of experience providing our services in Ontario, Quebec and the rest of Canada. Here are just a few reasons you should consider equipment financing when starting your business and why you should use a brokerage to do so.
• You have enough paperwork already. If you’ve started the process of constructing your own company, you know that there’s a lot to take care of beyond ensuring that your product is the best on the market. Making sure your company has the right equipment financing is one task that you won’t have to micromanage if you hire experienced brokers to look out for your interests.
• Young businesses need to be flexible. Leasing equipment makes a lot of sense—particularly for new businesses. Because your profits aren’t yet what they’re going to be in the future, you need the flexibility to get the equipment you need for the job without worrying that it will disastrously interrupt your company’s cash flow.
• Proper accounting is the foundation of every strong business. Your company financing isn’t an area of your business you should take lightly. Improper allocations of funds can make or break a company in the long run. Making sure that your money and credit are handled properly allows you the freedom to focus on providing the best service possible to your own clients.
• When developing a reputation, you can’t afford to look unprofessional. When a company is just starting out, there’s a tendency to take on as many clients and contracts as possible. Without the right equipment financing, however, there’s a chance that you might take on more work than you can handle, which usually ends up looking unprofessional. When leasing equipment, however, you can be sure that you’ll get the tools you need to get the job done.
If you want the best for your company when it comes to equipment financing, contact us at SFL Leasing Group. No matter where you are in Canada, we can find the leasing options that are right for you.