Equipment financing has traditionally been used to purchase new or improved equipment needed by a company, for instance delivery trucks, heavy machinery, or possibly ovens needed by a restaurant. However, there are some very creative ways you can use equipment financing so that your small business can benefit significantly in other ways.

Purchase Tablets Which Your Customers Can Use

By purchasing tablets and installing appropriate software on them, you can make this equipment available to your customers so you can provide improved service. If you’re in the restaurant business, these tablets can be used by your customers to order their selections and review the entire order before they even get to the register. Other types of businesses can take the same approach, and save a great deal of time during the checkout process.

Increase Efficiency with a POS System

You can use equipment financing to purchase a POS system which will increase the efficiency of your operation in a major way. Having a smooth checkout system is not only beneficial to your business, but it can foster increased customer satisfaction, and that can lead to having more customers, and developing more loyalty among existing customers. This will also more than likely lead to increased revenues for your small business.

Become More Energy-Efficient

When you use your equipment financing money to purchase energy-efficient equipment, you’ll receive a number of benefits. First of all, there are several tax incentives which you may be eligible for, and that will provide you with an immediate incentive for going green. You may want to completely replace all the desktop computers at your company with energy-efficient laptops that use far less energy.

You might also want to install a smart thermostat, which provides you with a whole slew of energy-saving features, and also removes much of the hassle of constantly managing temperature at your facility. All these are ways that a little creative thinking can make your equipment financing go a lot further, and provide many more benefits to your company.

Would Your Small Business Benefit by Equipment Financing? 

For many small businesses, having that one piece of critical equipment can make all the difference. If you need equipment financing in order to take your business to the next level, contact us at Commercial Capital Finance, so we can explore some options for financing.