Today, we’re continuing our series of podcast shorts with our fifth episode, looking at why you should never use working capital to finance equipment.
(You can find our first episode on the credit evaluation process here, the second episode on the benefits of pre-qualification here, and the third episode on the top 10 reasons businesses lease and finance equipment here.)
Throughout this series, we’ll be covering bite-sized topics that will help you better understand our values and our processes, as well as tips that will help you make better decisions during your periods of growth, or equipment acquisitions. If you have any topics you would like us to cover in the future, don’t hesitate to reach out. My contact information can be found at the bottom of this post.
In this episode, we’re focusing on reasons why you should reconsider financing your equipment with working capital. Some working capital programs are advertising how easy it is to get funding, even in challenged credit situations. It may seem like the perfect opportunity to get the funding you need for your equipment acquisitions. While these seem like great short-term solutions, they can create long-term problems. Take a listen and let us know if you have any questions as you move forward! We’ve always focused on making financing and leasing uncomplicated, and we hope to live up to that promise with this easy to digest podcast so that you can keep focusing on what’s most important – your business. Enjoy!