If you are running a business, you may be struggling with current and future business conditions; however you need to replace Computers now, and could use some new equipment to accommodate planned future growth.
Short-term uncertainty makes it even more important to run your business as efficiently as possible, and have the ability to take advantage of expansion opportunities. New computers including Apple Macs in your planned capital expenditures may be critical in delivering the performance improvements you need in the coming year.
New IT often provides a tangible cash flow benefit in increased revenue, lower costs or improved productivity, but these cash flow benefits are derived over time. Financing new equipment through a lease allows better matching of future cash flow benefits with financing payments. Cash can be retained in the business in these rather uncertain times.
It is important to keep cash on hand- Cash is King.
You may believe that if you have the cash available in your business to buy new computers, you should always pay with cash, because it is less expensive than financing the equipment through a bank loan or finance company. But:
- It is important to ensure that your business remains liquid and has plenty of cash available to manage future setbacks.
- Businesses fail because of a shortage of cash, even while showing a profit.
- Opportunities to grow and expand appear in times of recessions. It takes cash to take the advantage.
Where can a business turn for help?
An equipment financing and leasing specialist like HardSoft can structure a financing solution that optimizes your business cash flow while meeting your accounting and tax objectives. Interest rates are low and HardSoft has many lenders eager to help in this area even for new start up businesses.