When you are starting your own business, you are often swept up in the giddy excitement of what truck you’re going to get, or that piece of business equipment that’s going to get you up and running. Finance, let alone a business financial plan, can be pretty daunting, as it is not a ‘one size fits all’ situation and banks can be critical of new businesses.
Choosing the right type of equipment funding for you and your business is essential to your business success and growth. Most small businesses fail within the first three years due to inadequate cash flow or high cash use, making cash preservation essential. To save you time (and money), we’ve conducted extensive research and interviewed finance experts for this guide, designed to help you ensure your business has the right financial strategy in place.
In this eBook, we compare different types of business equipment funding to give you a clear picture of how each option works, and the advantages and disadvantages of each approach.