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Could your business be losing money by paying cash for equipment? Explore the complex world of equipment financing with Jonathan Fodera and Joseph Viccora as they uncover the strategies that could save you a fortune and strengthen your financial standing. They weigh the pros and cons of various financing methods, challenging the common perception that owning your equipment outright is always the best choice. From leasing to equipment loans and leases with a dollar buyout, each option offers unique benefits and potential pitfalls. Discover how to enhance your balance sheet and secure better terms by understanding these financing nuances.

Jonathan and Joseph dive into the nitty-gritty of securing substantial financing, especially for amounts over $100,000, emphasizing the crucial role of credit and profitability. Learn why some banks prefer certain industries and equipment types, and how partnering with marketplaces might lead to more favorable rates. This discussion highlights practical advice for startups, cautioning against common pitfalls like dealership financing that can negatively impact personal credit. Plus, they explore manufacturer-specific financing options, including the enticing possibility of zero percent rates. Join the community-focused conversation and empower yourself with the knowledge needed to navigate the complexities of equipment financing successfully.

Key highlights:

• Using cash for equipment is not advisable.
• Leasing equipment can help with tax write-offs but is a liability.
• Building business credit is crucial for financing.
• Comparable debt can significantly impact financing approvals.
• Equipment loans and leases can offer similar tax benefits.
• Always get invoices made out to your business.
• Leave a deposit to secure equipment purchases.
• Sale leasebacks can help manage cash flow issues.
• Avoid personal financing for business equipment.
• Understanding financing options is essential for business growth.

🎙️🚨 PODCAST GIVEAWAY 🚨🎙️

Apple Podcast: https://podcasts.apple.com/us/podcast/the-integrated-entrepreneur/id1721945867

Spotify: https://open.spotify.com/show/44djZ5wR9cyqTAKJs8DyEX

Subscribe to the podcast and email proof of subscription to [email protected].

🎁🏆  PRIZES  🏆🎁

🥇 Capital Tools Program ($1,999.00).

🥈 Business Strategy Session ($1,000.00).

🥉 Merch (Tees, Hats etc.).

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Also Check out:

Built 2 Exit Assessment: https://jonathanfodera.builttoexit.biz/.

Join Jonathan in the Capital Tools Program: https://www.thecapitaltoolsprogram.com/home

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