If you are a company that has commercial refrigeration needs, you have probably already determined the refrigeration equipment that will best suit your business- whether it be a grocery store, retail store, food store, or some other type of company. The next thing you will then have to decide upon is how to pay for the commercial refrigeration equipment you need. You may be happy to know that a variety of commercial refrigeration companies offer commercial refrigeration equipment financing- this will help you free up critical cash for the other necessary expenditures a company has to allow for. No matter the size or price of the commercial refrigeration equipment you are after, managing business cash flow will be quite helpful to your company. Managing this cash flow is an obviously important consideration, no matter the business owner or the company or food store they operate. With equipment financing, you, the business owner, are able to make fixed monthly payments that are predetermined and you can be comfortable with. The ease and opportunities afforded to your company via equipment financing will help establish, or otherwise enhance your credit score as well as your overall credit profile. As you can see, there are a variety of benefits to financing, or leasing your commercial refrigeration equipment. We have listed some of them below:
⦁ Equivalent to 100% financing
⦁ Maximize your cash flow and business capital
⦁ Payments that are fixed and stay the same each month over the entire lease term, which you get to decide upon but often entails 12-60 months
⦁ You have the opportunity for ownership after you have completed the lease term, whatever its length may be
⦁ There are tax advantages that come with leasing or financing commercial refrigeration equipment, but you will want to consult with any tax advisors about this, obviously
Questions About Commercial Refrigerator Financing
Of course, the benefits of financing your company’s commercial refrigeration needs may sound good, but it makes sense that you may have some questions. You will want to know about the interest rate in the finance agreement– you may be satisfied to understand that most commercial refrigeration equipment financing companies are able to offer fixed-rate financing, meaning your payments will stay the same each month for your commercial refrigeration equipment, even if rate fluctuations develop. Another good thing about commercial refrigeration equipment financing is that it is fairly easy to get approved, and your equipment finance partner will work with you to get approved for commercial refrigeration leasing quickly.
Of course, not all commercial refrigeration leases were created the same. Excellence Industries offers an incredibly beneficial commercial refrigeration financing plan that partners our custom commercial refrigerators with custom financial solutions. Excellence Industries provides commercial refrigerator leasing that serves as a powerful business-building tool that helps you grow profitability.