If you are a business owner thinking about or looking for construction equipment financing, you’re not alone. In fact, 8 out of 10 businesses use financing to get the equipment they need. Financing is a safe, secure, and common way to get what you need when you need it. There a numerous benefits to financing, and people do it for a bunch of different reasons.
It can be a bit overwhelming to start looking for construction equipment financing. Thankfully, First Capital Business Finance is here to help you! Below we list the questions you need to ask a lender before getting financing through them.
7 Questions to Ask Before Getting Construction Equipment Financing:
- What are your rates?
- How and when do I make payments?
- How familiar are you with the equipment I need?
- What kind of support will you provide?
- What information do you need from me?
- Are there any tax benefits?
- What is your policy if a piece of equipment breaks?