Right now, many entrepreneurs are worried about the future. It’s been a long time since the polio summers of the 1950s, one of the last time measures like social distancing were advised. Back then, some businesses had to close temporarily, too. It scared people. But the truth is the US economy survived those outbreaks, and it will survive COVID-19, too. One way for businesses to continue operating and position themselves well for recovery is to adapt to these new temporary restrictions.
For example, in many states, restaurants and cafes are able to provide take-out but not dine-in services. Food service companies are rethinking their operations and adjusting them as needed. Coffee chains like Philz and Peets are encouraging customers to make orders through mobile apps. No one is allowed into the dining areas. Instead, everything happens at new stations right at the door. Other businesses are making big changes, too. Hedley & Bennett, known for their high-quality chef’s aprons, have switched production to face masks. Whatever adaptations a small business needs to make, we’re here to help finance the equipment needed to make them possible.
At Alliance Leasing, we’ve been helping people build their companies since 1989. We know that entrepreneurs are one of the most important engines of America’s economy. There are over 30 million small businesses in this country. We finance the equipment that these businesses need to stay relevant in an ever-changing marketplace. That can mean power tools, appliances, vehicles or software solutions. And although we work from an office in Arizona, we’re able to lend to businesses across the United States. Our equipment leasing model is one of the best ways to inject new capital into a business.
Consider the fact that financed equipment is fully deductible, up to $1 million, under Section 179 of the IRS tax code. Used equipment in good condition can be financed, which can mean big savings for the borrower. Equipment financing agreements also include costs for delivery and installation. Best of all, approval decisions are quick, taking as little as 24 hours, and perfect credit is not a requirement.