Growing your screen-printing business in today’s market is challenging. Equipment is hard to buy when new and used equipment is expensive. However, if you’re determined to increase your revenue, opting to finance a screen printer is a cost-effective solution.
By financing your next screen printer, you can enjoy various benefits, such as:
- Budget-friendly upgrades.
- More cash in your savings.
- Afford the latest technology sooner.
- Qualify for major tax deductions.
- Owning your equipment after the term ends!
In this video, I will address five common questions for financing screen-printing equipment to assist you in determining whether financing is the optimal choice for your business.
Five common questions for financing screen-printing equipment…
- How can I produce more units with less labor?
- How can I afford equipment sooner?
- Can I get approved as a young business?
- What’s the best way to grow my screen-printing business?
- What sets Beacon Funding apart?
Q1. How can I produce more units with less labor?
If you’re looking to boost your production and generate more revenue while minimizing labor costs, there’s a proven strategy: upgrading to an automatic press. By investing in this advanced technology, you can simultaneously print multiple garments, increasing your output significantly.
Now, you might be concerned about the upfront costs associated with purchasing an automatic press. But here’s when financing comes into play! Instead of paying the full amount in cash upfront, financing allows you to break down the cost into affordable low monthly payments.
This means you can get the same high-quality equipment while enjoying the flexibility of more time to pay. By opting for financing, you can alleviate the financial burden of a large cash investment and distribute it affordable installments.
But the advantages don’t stop there! Upgrading to an automatic press not only increases your productivity but also enables you to identify and address any shortcomings in your production process. With improved efficiency, you reduce your production time, allowing you to meet growing demands.
Moreover, the revenue generated from your increased output can be strategically utilized to make your equipment payments more manageable. This way, the equipment pays for itself while you experience substantial growth and profitability.
Q2. How can I afford equipment sooner?
When a customer submits a large order, you may find yourself in a situation where you need to acquire equipment quickly but lack the necessary upfront cash. Equipment financing offers a solution that allows you to afford needed equipment right away.
Whether it’s a sudden spike in demand or an opportunity to expand your services, having access to financing allows you to stay agile and responsive in a competitive market. It eliminates the barriers that cash shortages can pose to the growth and success of your screen-printing business.
By filling out a 5-minute application and going through a 24-hour approval process, you can secure the financing you require in a timely manner. This means you don’t have to wait months or years to save up the cash before purchasing the equipment, allowing you to meet the demands of large order and cater to your customers’ needs promptly. The application process is simple and efficient.
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Q3. Can I get approved as a young business?
Yes! If you’re a young business, you may have concerns about your eligibility for financing. The good news is that Beacon Funding recognizes the value of your equipment and supports small businesses like yours.
Unlike traditional lenders who primarily focus on the length of time you’ve been in business, Beacon Funding takes a different approach. We consider your industry experience as one of the key qualifying criteria for financing approval. This means that even if your business is relatively new, you still have a chance to secure the financing you need.
It’s important to have a conversation with a financing consultant from Beacon Funding to fully understand the qualifying criteria they consider. By discussing your unique business situation with a knowledgeable professional, you can gain clarity on the specific requirements and confidently explore financing options.
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So, if you’re a young business seeking financing, don’t let your limited time in operation discourage you. Beacon Funding is dedicated to supporting small businesses and understands the potential you hold. Reach out to their financing consultants to learn more about the qualifying criteria and how they can assist you in obtaining the financing you need to fuel your growth and success.
Q4. What’s the best way to grow my screen-printing business?
When it comes to expanding your screen-printing business, diversifying your equipment is our #1 recommendation for achieving an optimal workflow. By having a range of equipment at your disposal, you can offer a wider variety of services to your clients, opening up new revenue streams and attracting a broader customer base.
Fortunately, Beacon Funding is here to help you afford the equipment and accessories necessary for this diversification. Whether you’re in need of automatic presses, dryers, folding machines, or any other equipment relevant to your operations, we have financed them all.
To simplify the financing process and make it more manageable for you, Beacon Funding offers a wrap lease option. This means that instead of dealing with multiple leases and separate payment schedules, they consolidate everything into one comprehensive agreement. You’ll have the convenience of a single monthly payment, making it easier to track and manage your financial obligations.
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With Beacon Funding’s support, you can expand your equipment portfolio, diversity your services, and enhance your workflow.
Q5. What sets Beacon Funding apart?
At Beacon Funding, we have a strong belief in the power of small businesses, and our commitment lies in making equipment more accessible and affordable for the entrepreneurs who run them. When you choose to finance your equipment with Beacon Funding, you’re setting your business up for long-term success.
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One distinctive aspect that sets Beacon Funding apart is the opportunity to establish business credit through timely payments. Every payment you make towards your financed equipment helps you build a positive credit history for your business. This credit history can be a valuable asset, enabling you to:
- Qualify for lower payments
- Become eligible for more competitive financing programs
- Seek even larger equipment investments in the future
By consistently making your payments on time, you not only fulfill your financing obligations but also strengthen your business’s financial standing. This opens up new avenues for growth and provides the foundation for expanding your operations and acquiring more advanced equipment down the road.
Beacon Funding’s focus on helping you establish business credit demonstrates our long-term commitment to your success. We understand that by making equipment financing accessible and supporting your credit-building journey, we contribute to the overall growth and sustainability of your business.
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So, when you choose to finance your equipment with Beacon Funding, you’re not only gaining access to affordable financing options but also investing in the future of your business. You’re laying the groundwork for improved financial opportunities, increased purchasing power, and the ability to take your business to new heights.
Our dedication to small businesses and our focus on making equipment financing more affordable and accessible sets us apart. By partnering with us, you can secure the equipment you need while simultaneously establishing business credit for a brighter future.
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Embrace the opportunity to fuel your business’s growth and pave the way for long-term success by financing your equipment with Beacon Funding.