Putting equipment and capital to work helps businesses grow. But did you know that financing - instead of purchasing equipment for cash - can be a powerful tool, enabling you to acquire and upgrade important assets while securing tax advantages, managing risk exposures and strengthening your balance sheet?
Many business owners are having tax planning conversations and thinking about capital needs for the year ahead. Recently I worked with a local business that is planning for its expansion, and equipment financing was a key part of the growth plan.
Here is what you should consider to determine if this strategy is right for you:
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The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.