Speakers: . Aaron Rustebakke
I don't want to stretch my business too thin before my equipment brings a return. How can flexible financing help?
Aaron Rustebakke: Hi, Aaron, with Beacon Funding again. Thanks for joining me on this short series and how flexible financing can help you achieve your business goals. Now, when I think about flexible financing, I think about all the creative ways we can make acquiring a piece of equipment easy and pain free. When you add a new piece of equipment, there can come with a lot of uncertainty. You may not be as familiar with the piece of equipment or the revenue that it's going to generate. It can take time to get everybody trained and to build up demand for new products or services. You know the new piece of equipment is going to generate a positive revenue stream, but you're not sure how to manage that new monthly payment until you get that piece of equipment into full production. This is where flexible financing comes into play depending on your credit quality, you may qualify for deferred payments. Now it's a simple concept, but let's walk through this example step by step. Let's say you're approved for zero percent down 90 days no payments followed by 36 monthly payments of $1,300. Now, if this would work for your business, your contract would begin on the day you accepted the piece of equipment. Your first payment of $1,300 would be due three full months after that day. During that time you can train staff, build up demand and earn revenue all payment free. What a great way to start a new business venture. Now, not every business is going to qualify for zero down 90 days, no payments. But if this concept would work for you to help you acquire equipment your business needs. Talk to your financing consultant, They might be able to utilize other tools such as 100 percent financing, skip payments or step payments, regardless of your credit quality,
Aaron Rustebakke: talk to your finance and consultant about your concerns. They have the tools to help you succeed. They just need to know what you need. For more information on how flexible financing can benefit your business, visit beaconfunding.com/businessgoals. visit beaconfunding.com/businessgoals.