How Equipment Financing Can Help Your Landscaping Business
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How Equipment Financing Can Help Your Landscaping Business

While your green thumb may have gotten you started in landscaping, any business owner can tell you that that alone is not enough to keep a business running. At some point, every business needs to make upgrades and improvements if they want to stay competitive. The downside is that most landscaping equipment doesn’t come cheap, but there luckily there are options available that can your business grow and flourish. Equipment Financing provides fixed interest rate and term, which allow merchants to have fixed, non-fluctuating payments. Loan amounts are dependent upon the type of equipment needed, as the repayment term is usually as long as the expected life of the piece of equipment and if it is used or new.

The Pros of Equipment Financing

  • Tax Deductible
  • Flexible Payment Plans
  • Requires little to no down payment
  • Leased equipment may be returned or purchased at the end of the term
  • Equipment loans can be used to update equipment and inventory or for equipment replacements
  • Approved in a few days to a few weeks

The Cons of Equipment Financing

  • Equipment Financing must only be used for business equipment
  • Higher long term costs
  • Businesses must sell or discard outdated equipment at the end of the term

Although documentation requirements may vary depending on the lender, you should have great to excellent credit, profit and loss statement, balance sheet, and bank and credit card statements (number of months may vary). For more information about equipment financing and other alternative lending products we have to offer, visit our Products page or APPLY NOW to see what you qualify for!

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