- The Goal: Convert your existing equipment or recent asset purchase into immediate working capital.
- The Process: If you own equipment outright, Go Lease It can purchase that equity from you and lease the equipment back to your business.
- Why do it?: It’s a strategic move to "unlock" cash for repairs, expansion, or debt consolidation without losing the use of your tools.
Key Benefits:
- Quick and easy process.
- Immediate funding without losing equipment
- Tax benefits
If your business is struggling with cash flow but you have valuable equipment, there is a solution to help you secure the funds you need to keep your business going. By leveraging the equity you’ve already built in your gear, you can reinject equity in your business and ease some of the financial strain. This can be done through refinancing, which allows you to borrow against the value of your existing equipment. This method of financing has several advantages, including lower interest rates and longer repayment periods compared to traditional bank loans. It is also a quick and easy process, with minimal paperwork and no upfront cash requirements. With this option, you can access immediate funding and continue to use your equipment while you repay the loan. Not only will you have the opportunity to write off your payments, but you will also get to own the equipment at the end of the lease, free and clear. This is a clever way to borrow funds tax-efficiently without having to sell or relinquish control of your equipment.