Apply for Financing

Apply for Financing

Need Financing? Many contractors face the challenge of securing the equipment they need for larger jobs but may not have the cash on hand for an immediate purchase. Financing your equipment is a smart option, even if you have the funds available. It allows you to use the revenue from your projects to pay for the equipment over time, and it’s also a complete write-off under Section 179 (see flyer below).

Hi Low Solutions offers financing through CIT, with additional options coming soon. Our flexible financing solutions are designed to help you acquire the equipment you need now, so you can complete jobs efficiently and effectively.

How to Apply:

• Here’s the link to apply www.hilowsolutions.directcapital.com
• For personalized assistance, call Robert Walsh of CIT Finance at (603) 373-1347 with any questions.

Empower your business with the equipment it needs while managing your finances wisely. Apply for financing today and take the next step toward your project’s success!

Benefits of Financing vs. Paying Cash

1. Preserve Cash Flow:

• Financing: Allows you to keep your cash on hand for other critical business expenses, such as payroll, materials, or unexpected costs.
• Paying Cash: Ties up a significant amount of capital that could otherwise be used for operational needs or growth opportunities.

2. Manageable Payments:

• Financing: Offers the advantage of manageable monthly payments, which can be easier to budget for and fit into your business’s cash flow.
• Paying Cash: Requires a lump-sum payment upfront, which might strain your finances or reduce your available working capital.

3. Leverage Jobs to Pay for Equipment:

• Financing: Enables you to use revenue from jobs to cover the cost of the equipment over time, aligning your payments with your business income.
• Paying Cash: Requires upfront payment, which can impact your ability to take on new projects or invest in other areas of your business.

4. Tax Advantages:

• Financing: Equipment payments can often be expensed as operational costs, and financing may offer additional tax benefits, such as deductions or depreciation under Section 179 (consult your tax advisor for specifics).
• Paying Cash: The cost is fully deductible, but the upfront expense might limit your ability to maximize other financial strategies or opportunities.

5. Flexibility and Growth:

• Financing: Provides the flexibility to invest in equipment and technology that can drive business growth, without depleting your reserves. It can also support scalability by allowing you to upgrade or expand your equipment as needed.
• Paying Cash: Limits your immediate purchasing power and could impact your ability to invest in other growth opportunities.

6. Preserve Credit Lines:

• Financing: Keeps your existing credit lines open for other needs, such as emergency funds or additional capital for business expansion.
• Paying Cash: Using cash reserves can reduce your liquidity and might limit your access to credit for other urgent or growth-related needs.

By opting for financing, you can maintain operational flexibility, manage your cash flow effectively, and make strategic investments in your business without compromising your financial stability.