If you are a Mow ‘n Go landscaping company with dreams of offering more services, you may want to consider financing a skid steer for your business. Financing a skid steer can help grow your business fast and easily!
Here are the top 9 tips on how skid steer financing can help your landscaping business grow.
1. Get a skid steer quickly and easily
By financing a skid steer, you can realize a faster return on investment (ROI) and maximize productivity gains. Upgraded or specialized equipment can streamline workflows, reduce downtime, improve product quality, and increase output capacity, resulting in tangible cost savings and revenue generation opportunities.
2. Spread out the expensive equipment cost into low affordable payments
Financing a skid steer allows your business to spread the cost of acquisition over time through manageable monthly payments.
This predictive expense structure can help you:
- Allocate resources strategically
- Enable more effective cash flow management
- Optimize working capital for day-to-day operations
- Expand other areas of your business, like marketing, hiring more staff, or supplies
Additionally, fixed monthly payments simplify budgeting and forecasting, providing greater financial visibility and control. You can calculate how low your monthly payment will be by using Beacon Funding’s calculator.
3. Get equipment now to say yes to landscaping contracts
Crews with efficient equipment usually get the best gigs because they have the quickest turnaround times. When you have a job that needs a skid steer, financing makes it affordable to add it right away. With 24-hour approvals, you can equip your business to take on more landscaping contracts and grow your business.
4. Upgrade to the latest skid steer technology
Financing equipment enables businesses to access state-of-the-art technology and equipment without bearing the full upfront cost. This empowers your business to stay ahead of the curve, enhance operational efficiency, and deliver superior landscaping services to your customers.
And in turn, strengthen your market position and drive revenue growth.
5. Conserve your cash and improved cash flow management
Start-ups often have limited financial resources. Equipment financing allows small businesses to preserve their capital for other essential expenses like hiring staff, marketing, and day-to-day operations.
6. Finance a used skid steer from a private seller
You can also finance a used skid steer from both vendors and private seller to decrease equipment costs! Beacon Funding finances used landscaping equipment as long as it’s in good condition and sold at a fair price.
7. Establish and build your business credit
Financing a skid steer can help you establish and build your business credit.
Like personal credit, lenders want to see how reliable a business pays before giving them a loan. Lenders typically look at business credit to determine if a company is worthy of lending money. The better the business credit, the less risk for the lender, and the more likely a business can obtain financing.
Businesses can’t expect to scale without access to bank loans or outside financing. Establishing strong business credit builds your business credibility and is an essential part of business expansion.
8. Reap tax benefits
Financing a skid steer may offer tax advantages, as the interest on equipment loans and lease payments can often be tax-deductible. Depending on the financing structure, your business may be eligible to deduct lease payments or depreciate financed assets, resulting in significant tax savings over time.
9. Establish long-term partnerships
Establishing a relationship with a reliable financing partner can pave the way for long-term collaboration with your lender, getting you a better deal in the future.
Financing a skid steer can provide numerous benefits to your landscaping business. From getting a skid steer quickly and easily to reaping tax benefits, skid steer financing can help your business grow and succeed.