One of the challenges when upgrading or building your Audio Video solution can be the upfront cost. How can you show your clients you’re up to date with the latest technology without causing a financial burden on your company?
Well, it’s why AV Planners offers a leasing option on audio visual and digital signage equipment to better fit the financial needs of your start-up or established corporation. We spoke to Joe Glose of Fernwood Capital & Leasing to better understand why almost 80% of business in the United States use Equipment Financing Agreements to purchase their equipment.
‘‘Sometimes companies don’t have the budget set aside to do everything they are looking for, and by financing it allows them to upgrade to the latest technology and have the most modern conferences rooms.'’ Says Joe, in fact there could even be some advantages, ‘‘ In many cases companies will choose to write lease payments off as operating expenses for the tax advantages instead of taking the 5 year scheduled depreciation on equipment, improving their bottom line.’’ By Leasing, you conserve your operating capital and avoid significant up-front investment in equipment, which in turn allows you to maintain availability of any existing lines of credit you may have. And, instead of one large sum, converting it to a monthly payment helps it become much more manageable, while the return on investment becomes well worth it for the needs.
Equipment leasing through AV Planners is an easy and convenient process and unlike dealing with bank loans or other alternative types of financing such as an AR or Working Capital Advances, it won’t impact future revenue streams. "Typically, all we require is a one-page application for any request up to $150,000." Says Joe, "Our Approvals are issued within hours not weeks and without large upfront deposits. Generally your first months payment is all that is required."
Investing in technology can help drive revenue for your business, stay up to date with competitors and allow your team to get motivated and inspired in their workplace. Contact Joe Glose at Fernwood Capital directly at Joe@FernwoodCapital.com or 888 241-8636.
