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January 25 2011

Is Financing Your Insulation Machine a Smart Strategy?

Barry Pendley Business

Does financing your insulation machine / blower or vacuum make sense? The chart below [1. chart from balboa leasing. used by permission] shows how financing can be a smart strategy for your business.

 

Questions to Consider – Can I … Lease Bank Loan Cash
get my equipment without a financial statement, no hassle paperwork and get approved in one day? YES NO Uses up cash on hand
take advantage of tax benefits and deduct most of the monthly payments from taxable income? YES NO NO
defer payments until equipment is up and running? YES NO NO, cash outlay immediate
avoid financial reporting? YES NO, shown as debt on your balance sheet NO
have no cash outlay or down payment? YES NO, most banks require a down payment NO
match payments to current cash flow requirements? YES NO NO
buy new or used equipment quickly? YES NO YES
What sets Cool Machines apart from the competitors? Owens-Corning Corporation

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Stop! Why in the world would you click that link?!

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Insulation Machines
805 S State Road
Davison, MI 48423
(810) 614-0072
[email protected]

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