As a growing business, you need to get your operations up and running as quickly as possible. However, you might quickly discover that related expenses exceed your cash on hand. Rent and utilities for office spaces are an obvious drain for small business owners, but office equipment and furniture costs also can add up in a hurry.
For example, depending on your specific business needs, you may need to supply each employee with a computer, desk, and chair. There also can be shared equipment like printers, copiers, servers, and maybe even a refrigerator and fancy coffee maker for your office break room.
Running a small business is expensive. But there are solutions available that can help you get off the ground, and one of those options is financing your office equipment.
Here, we’ll outline the benefits of office equipment financing and why it might make sense for you. If you need help with an equipment loan for your small business, the experienced lenders at Team Financial Group can help you find financing solutions tailored to meet your unique needs.
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Even if your office isn’t that large, there is a wide variety of business equipment you could consider adding to your shopping list. In addition to the examples listed above, here are some other potential items you could choose to finance:
As you can see, it doesn’t take much for office equipment costs to stretch into the tens of thousands. That’s why many new and small businesses explore the flexibility that comes with equipment financing.
RELATED: Business Health: How Equipment Financing Can Help Your Cash Flow
Instead of renting your office furniture and equipment, which is typically too expensive to be a viable long-term option, take advantage of these five key benefits that come with business equipment financing:
RELATED: Get These Tax Benefits With Commercial Equipment Financing
At Team Financial Group, we work with clients to identify and customize financing solutions that meet their specific needs. Our commercial and office equipment financing options can improve your business’ cash flow and overall financial health.
If you’re not sure which type of equipment financing option is right for your business, just get in touch with our experts. We’ll talk with you, learn about your company, and come up with a financing strategy that makes sense for you. To discover how your business can get fast, flexible financing today, please complete this brief online application.
The content provided here is for informational purposes only. For financial advice, please contact our commercial financing experts.
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