Save Company Cash
For most companies, this is the primary reason for leasing. Saving cash is what business owners, executives and CFOs appreciate most. Equipment financing saves the business working capital to invest in other priorities within the company. RapidMix Pugmills are a significant investment. With an equipment lease program, which is designed around your specific equipment needs and budget, your business will make affordable monthly payments over time. This allows you to save your hard earned cash for business expenses, expansion and more.
Great Tax Benefits
RapidMix Pugmill Leasing Benefits include some great tax incentives for your company. The IRS allows for lease payments to be fully deductible if your business uses the leased equipment. Your accountant can quickly give you an estimate of how much you can save when you finance equipment.
Avoid outdated equipment. Equipment leasing also allows you stay on top of the latest advances in equipment and technology. Making upgrades to newer equipment when your lease term is up can give your company a competitive edge. When you buy equipment, you are stuck with it unless you can sell it for a reasonable price.
Build & Preserve Business Credit
Successful business owners are well aware of how important it is to keep your business credit healthy. Receiving loan approval for business expansion, staffing and other operational expenses requires solid credit. Having a significant and open credit line allows you to respond immediately in a time of need. Leasing a RapidMix Pugmill would allow you to keep your business credit line open and strengthen the cash flow of your company.
Strong Balance Sheet
A more attractive and successful looking balance sheet is another benefit of equipment leasing. The main reason for this is that your monthly lease payment is viewed as a business expense as opposed to a liability or long-term debt. Having little or no debt on your company’s balance sheet is a huge benefit when it comes time to new funding.