Capital equipment financing allows businesses to acquire essential equipment without significantly impacting cash flow by spreading the cost over time through monthly payments. Manageable payments enable businesses to invest in upgrades or expansions while keeping working capital readily available. Equipment financing can also provide tax benefits by allowing businesses to deduct the interest paid on the loan, and potentially expense the full cost of the equipment through Section 179 tax deductions.
Key benefits of equipment financing include:
Cash flow preservation:
- By making smaller monthly payments instead of a large upfront purchase, businesses can maintain their operating cash for other expenses.
Accessing more advanced technology:
- Enables companies to acquire leading edge equipment, upgrade existing systems and improve operability and efficiency.
Tax advantages:
- Interest paid on equipment loans is usually tax-deductible, potentially reducing the overall cost of the equipment. Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment financed during the tax year.
Predictable expenses:
- Fixed monthly payments allow for better budgeting and financial planning.
Potential for business growth: By acquiring necessary equipment, businesses can expand operations and increase revenue.
BloApCo has partnered with MMP Capital to offer excellent and competitive financing alternatives.
Learn more about Section 179 Tax Deductions.
To contact us about any of our products please call 800-959- 0880 or visit: Contact Form.