Equipment Financing Advice:
WHY CONSIDER COMMERCIAL EQUIPMENT FINANCING?
Financing equipment is a savvy way to build commercial credit, increase cash flow, and ensure you get the equipment needed to run your business today, especially amid shortages and inventory backlogs. For
25-Years in the Making
25 years, Oakmont Capital Services (OCS) has helped
It’s a new year, and we’re cautiously
advise customers to take out a business loan because
optimistic that 2023 will bring a more
longevity and success.
stable approach to business. What do we mean by that? 2020 and most of 2021 kept us knee-deep in changes due to the pandemic, and 2022 brought no less than nine interest rate hikes by the Federal Reserve, including
small-to-medium-sized businesses with equipment financing, and we’ve seen it all. In some industries, like paving and sweeping, where cash is often king, we building commercial credit is critical to long-term Let’s consider two real-life scenarios that have come across the desks of OCS’ finance professionals:
For 25 years, Oakmont Capital Services (OCS) has helped small-to-medium-sized businesses with
price increases at the grocery store,
equipment financing, and
gas pump, and everywhere else. The
we’ve seen it all.
aftershock of this shake-up certainly SCENARIO A: PAVING ABC
took a toll on businesses.
Paving ABC has been in business for 20 years but
We’ve learned over the past few years that our
utilizes cash for most used equipment purchases. The
customers are resilient and smart business owners,
owner is now ready to expand operations and needs
overcoming challenges some retired owners didn’t
newer equipment to build their fleet. The cash reserves
experience throughout their lifetime. Since Oakmont
aren’t available to purchase multiple new pieces of
Capital Services (OCS) is celebrating our 25th
equipment, plus keep money in the coffers. So, Paving
anniversary this year, we’re here to offer a few tips
ABC is considering financing for the first time.
we’ve amassed over the years to help you thrive in 2023.
The challenge is that Paving ABC has little to no credit history. When applying for a commercial (or business) continued on page 16
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