Business

Does financing your insulation machine / blower or vacuum make sense? The chart below ¹ shows how financing can be a smart strategy for your business.

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To help serve you better with more options, we are offering a number of solutions to help you own your own machine and start making profits!

• $20 Security Deposit Program: Get a machine into your possession with a minimal charge of only $20 for a security deposit. Payments are calculated at the determined factor.
• 7 x $100 Program: You pay $100 for a security deposit. The first six payments are set at $100. You can schedule the remaining based on 30, 42, or 54 payments at the determined factor.
• 60 Day Deferral: You pay the security deposit with documentation and then you are not invoiced until 60 days after funding.
• 90 Day Deferral: Payments of $25 for the first 3 months then normal term at the determined factor.
• Interval Payments: do you need annual, semi-annual or quarterly payments? We can calculate these at the predetermined factor with and initial payment.
• Seasonal Program: Perfect for the insulator who finds work fluctuating with the seasons! We will fluctuate right along with them! You can designate which 3 consecutive months you require “off.” The remaining 9 payments during the year are calculated at the appropriate factor. A payment in advance is needed as security deposit
• 10% Security Deposit = Buyout: When you request a prepaid Purchase Option Plan, you pay a 10% security deposit with the lease documents and complete the term of the lease as normal. If you have no outstanding charges at the end of the lease term, the original security deposit may serve as the buyout of the lease.

1. Use of Equipment – Leasing provides you with the equipment for an agreed upon monthly payment, so you’re able to pay as you use!
2. Tax Benefits – You can deduct your monthly lease payment as an operating expense. Leasing also helps you avoid the Alternative Minimum Tax by reducing you AMT liability.
3. Flexibility – Minimal down payment. You can structure payments to fit your budget.
4. 100% Cost Coverage – You can include “soft” costs such as space planning & design fees, shipping and installation right into the lease.
5. Conservation of Capital – If your money isn’t tied up in equipment costs, you’re free to spend it on other items such as inventory, advertising or personnel.
6. Easier Cash Flow Forecasting – Fixed monthly payments help you budget money into the future.
7. Fixed Payments – You can lock-in payments now and avoid the risk of inflation in the future.
8. Preserves Credit – Leasing doesn’t tie up your line of credit. So you have more capital at your disposal when you need it!
9. Longer Terms – Many banks only lend money short term – usually 12 to 36 months, while Leasing lets you extend your term up to 60 months.
10. Purchase or Renewal Options – at the end of your lease, you may choose to purchase your equipment, upgrade to new equipment or continue to lease at substantial savings.

Energy companies and some states are combining to offer credits to homeowners to improve the insulation in their homes. PLUS, with the current federal tax credit, homeowners will end up paying only a small percentage!

To take advantage of these credits, homeowners must use an insulation contractor. They are not able to do the work themselves if they want the credits. This is the perfect opportunity to enter the profitable industry of insulating.

Click here to read more about NOW is the Time to Start an Insulation Business!