Our CEO, Vernon Tirey, recently authored an article on the role of equipment finance in the construction industry that was featured in the March issue of Construction Executive Magazine titled, “Beyond the Bank: Manage Cash Flow with Equipment Financing”.
In the article, Vernon discusses the challenges involved in successfully managing cash flow especially in the construction industry where equipment is highly specialized and comes at a steep price. He explains why equipment financing is a savvy business decision that empowers construction companies to secure the equipment they need while managing their cash flow strategically.
Vernon’s four direct advantages of using equipment finance for building and construction are:
- Avoiding hidden costs
- Preserving cash flow for growth initiatives
- Realizing tax advantages
- Simplifying accounting
To read the article in its entirety, please click here.