Business Sign Financing for Sign Manufacturing
- Very important for business success
- Increase your business efficiency
Business Office Signage Financing
Office building signage financing provides businesses with a strategic avenue to invest in their branding and visibility. Most business owners don’t realize that business signage can be financed. Of course there’s limitation on the approval process but if you qualify, you could benefit from a cashflow saving strategies whereby you preserve cashflow by financing rather than paying cash, thus utilizing your working capital that can be used for other business expense where it can benefit your bottom line. By spreading the cost over time through financing options, companies can enhance their professional image and attract more customers without compromising cash flow
Certain businesses conduct day-to-day business operations but most don’t think company sign can be an equipment. Sign can be considered a business essential equipment therefore can be financed. Signage financing is something that most business owners should take advantage to save cash and to spread the non-essential business expense.
When looking for sign financing, you will find that LIberty Capital can be your source. If you’re a sign manufacturer, you should consider offering financing to your clients so you can get your money from lender upfront. Lender typically pay up to 100% of the equipment cost upfront. This is called equipment financing pre-funding.
Apply now to find out how you can finance your next sign for your restaurant or business. This can be part of your restaurant equipment financing when you expand or move to a new location. Let us know the entire project we can finance including installation, delivery, & taxes with a 90-day deferral equipment leasing program.
Covers many types of business hardware
Computers and Devices
Printers and Copiers
Servers, and much more...
The hardware loan search process
Sign makers can now offer financing to their client. As a startup you want conserve cash as much as possible so why would you pay cash for a depreciating asset. Why would you use your cashflow to pay for a sign that has no resale value. So the first thing you will want to do get preapproved for an sign equipment financing. Get a quote, get preapproved. Have the lender or finance company pay for the down payment to the vendor. Most vendors will require 50% or 100% upfront to build your sign. Most equipment finance lenders will pre-fund vendors up to 100%. This strategy will save you cash because sometimes it takes weeks to months for sign to be completed and installed. However, once funds have been disbursed to the vendor, your equipment finance will commence, therefore, even though you don’t have the sign or equipment you will start making payment. However, it’s better than putting up all your cash upfront.
Once you have your office building signage financed, you can now take advantage of the tax benefits equipment financing and leasing affords you. That’s is whether the lease is equipment finance agreement or dollar buyout lease or fair market value, all of these have special tax benefits. Please contact your accountant for details on what’s the best route to reduce your tax liabilities when financing sign equipment.
You can see the business funding programs that different lenders make available to you. You can then choose beforehand whether these meet your loan needs and goals. You also need to know what a hardware loan entails.
Sometimes, it makes more business sense to lease signage than to pay cash upfront. For example, if you can use cash for something to increase sales like marketing or hiring more staff, wouldn’t it be wise to use that funds for that type of operating expense? Sign can be finance, just remember. Thankfully, Liberty Capital Group brings you lenders that are not only ready to lend you buisness loans, but are ready to finance leased equipment as well.
Requirements for office signage equipment financing
Okay, you could get a loan anywhere but would they finance your office building sign? Many lenders will not consider a sign an equipment so they won’t finance it at all. They will not consider sign as an asset so it can be financed to many banks and lenders. At Liberty Capital Group, there are lenders to cater to all types of borrowers.
Since sign is considered equipment, we know how to package this to our lenders who undrstands the value of signage. Thus, at Liberty Capital Group, we advise you to establish a preapproval if you want to finance a sign so you know your options. Vendor will insist that any time you order sign you must pay deposit upfront. Financing it will allow you to have the lender prefund the equipment.
Pay sign maker the funds prior to delivery. When you apply for equipment financing, the first thing the lender will do is ask for your credit score. It takes some time to establish credit history and the sooner you open the lines of credit the better. Can your business be regarded as creditworthy? Sign financing can help boost your business payment history.
Short term or long term?
This is the first consideration that most business people think about when they are looking for a computer hardware loan. Lenders offer both options. From as short as 12 months for the loan repayment to paying in a term as long as 10 years, perhaps longer, you get to choose what suits your needs best. The long-term loan may be costlier as it factors in depreciation and the period of course.
But a long-term loan also has its benefits. One of them is that you can write off the depreciation and save your business some tax money since you will be able to write off the depreciation.
Finally…
A restaurant can use a loan fo finance a sign but why when you can lease it. Is the loan secured or unsecured? There are both types of loans but secured is much better because it is cheaper, it is easier to get. Unsecured loans may be harder to get and will be costlier. If you decide that you want to get a loan from a bank for a sign, you’re likely to put out additional collateral however if you lease or finance it, you’re likely to only put out little capital to lease it and amortize your sign for the life of the lease.