When cities faced
COVID-19 lockdown, in many ways, it felt like life itself stopped. Everyone
stayed home as restaurants and bars were forced to close, but if anything, that
only put more stress on supply chains for grocery stores and other essential
businesses.
While people
stayed in their homes, trucks took to the highways as ever. Passenger travel by
air and car were markedly down from last year, but the number of truck trips
crossing the Niagara
Falls Bridges was unchanged.
Even if your company
is one of the few that emerged in a better position, sales are likely down. You
may need cash in hand to purchase new equipment, or perhaps parlaying existing
assets can free up capital to invest elsewhere in the business.
Please keep
reading to learn how an equipment financing partner could give you the
cash-flow help you need.
Streamline Commercial Equipment
Financing
Businesses
across sectors rely on trucks to transport their goods, but your equipment
represents valuable business assets that can be leveraged to meet a more dire
or immediate need. Connecting with industry-leading equipment financing
companies like the ones at Capitalhands.com
put you in touch with as many as 30 lenders with a single phone call.
The process will
be smoother and quicker, and they’ll also sit with you to find the approach
that best suits your business. Expect faster turnaround times and funds in your
bank sooner, so your company can achieve its growth goals.
Business Line of Credit, Term
Loans, Refinancing
Many small- and
medium-sized businesses lost money adjusting to the restrictive and ever-shifting
operational conditions of COVID-19. A term loan may be just the thing to
fill in funding gaps.
Or, leveraging
existing assets to get a more substantial line of credit may be the perfect way
to free up cash you need to invest elsewhere in your business. An asset-backed
line of credit — leveraging accounts receivable, equipment, property,
inventory, and more — could translate into millions of dollars you could use
today to grow your business.
The best equipment
financing partners help structure and deliver a range of financing options,
from term loans, asset-backed lending, debt restructuring, and more.
Accounts Received Financing
Are you owed badly-needed funds that are still outstanding? Does the uncertainty of when this money might arrive keep you up at night? Many businesses are currently on the brink. Having this funding could be the difference between survival and bankruptcy.
It might be
worthwhile to accept a minor loss in exchange for getting most of this crucial
funding in hand.
When you press a
few buttons on your smartphone and, voila, products arrive at your door, the
digital world feels like magic. COVID-19 reinforced that consumer goods and
packages don’t simply materialize at your door — they are transported by
trucks. Following stay-at-home orders there was a surge in demand for products
like non-perishable food and toilet paper, which unsurprisingly resulted in an
uptick in truck activity. If your company needs to finance transportation
equipment, access a line of credit, or refinance existing assets, contact an
equipment financing company today.