The Pros and the Cons of Financing Lawn Care Equipment

• Financing your lawn care business is a great way to jump-start your venture. There are several options available for financing to fit your specific needs — Small Business Administrative loans, personal loans, and even small business credit cards.
• Financing your equipment can be key as it affords you the opportunity to hire staff, promote and build your business, as well as buying reliable and high-quality commercial mowers.
• Long-term loans vary from lender to lender but generally have long maturities for your major business expenses involving your lawn mower needs.
• Commercial mower manufacturers offer industry-specific financing through your local dealer. This can even be organized at the time of your purchase making it incredibly easy to buy commercial equipment.

• As a start-up business, you may find it hard to get a loan. But that doesn't mean it's impossible, either. Financing is available, even for start-ups but you have to do your homework. Be prepared and organized. Research your equipment needs entirely and know exactly how much money you'll need to get started. Also, a good credit score is vital.
• Longer repayment periods might make your payments smaller, but it also means you'll pay more interest in the long run. If you can afford it, a large down payment can reduce your monthly and/or annual payments.

Overall, financing your lawn care equipment can have its benefits and drawbacks. But if you're willing to do the research and find a lender who is willing to work with you towards your business goals, you can have a successful business with all the Wright equipment in no time.