When people talk about 2020, they sound exasperated. They jokingly compare it to disaster movies. Looking at the news media, it’s easy to see why. There’s been a pandemic, a recession, a busy hurricane season and even so-called murder hornets. Any one of those things on their own is enough to create real problems. Together, they can seem insurmountable.
But it’s important to remember that there are plenty of opportunities for savvy small business owners right now. During the last major recession, for example, plenty of entrepreneurs made advances. Big corporations like Apple found that spending helped. They were able to snap up great talent that had been laid off, negotiate better terms with suppliers and put lots of money into research. In many cases, successful small businesses did the same.
One Forbes writer has shared the story of a woman who owns a hair salon and how she grew her business during the last recession. As other salons closed their doors, she approached landlords about these more desirable spaces. She was able to negotiate very favorable terms. This savvy woman also bought products like hair extensions from her former competitors, again at a big discount.
Because she was prepared and willing to invest in her company, this woman’s story of recession was different from so many others in her industry. She saw clear opportunities to make her business better, and she found ways to seize them. Right now, many people are wondering what will happen to the stock market and when the next stimulus will arrive. Those big macroeconomic trends are important, to an extent. But for you and your business, nothing is more important than seeing where the opportunities in your community are right now.
At Alliance Leasing, we’re poised to help entrepreneurs take their businesses to the next level. Like the salon owner, there are plenty of people right now who would love to acquire the equipment they need to grow their companies. Whether that’s a truck, a conveyor belt or salon chairs, we can help. In fact, we even finance equipment like business software.
Our financing works differently from a bank or a credit union. The approval process is shorter, taking just one day in many cases. Banks usually only finance new equipment. But we’re happy to finance used equipment in good condition. Best of all, equipment financing costs can be deducted under section 179 of the IRS tax code, up to one million dollars. We can help you take advantage of the openings in the marketplace right now. Contact us today.