Financing: a strategic resource for your business
Contributor: Adam Marsden, Director of Marketing, Innovative Lease Services
Everyone who is running a business or thinking about starting one has one thing in common: a need for money to invest in their business in order to be successful. There are several ways to acquire capital, from using one’s own savings to finding investors who want equity in return for their infusion of cash. However, there is one option for growing a business that makes many small business owners cringe but is often the best option available: getting a loan.
While many are psychologically averse to taking on debt as a means of growth, financing allows for you as a business owner to purchase the truck, tractor, or trailer you need without giving up equity in your business that could potentially be worth exponentially more in the future. Nearly every successful company in the world, from Apple to Costco, holds some debt from time to time, so it is not something to be feared. We at Innovative Lease Services, TruckTractorTrailer.com’s trusted finance partner, are here to explain the benefits of financing for your company and why you should consider doing so for your next equipment purchase.