Looking to lease or finance a professional carpet cleaning or pressure washing machine?
By Taf Baig
From Cleanfax magazine.
The last few years have been excellent for businesses investing in new equipment, thanks to recent tax cuts.
Three years ago, estimates showed that only one in five business owners were familiar with Section 179 of the Internal Revenue Service tax code — a $100,000 “write-off” for equipment expenses.
Today, almost all involved in the carpet and furniture cleaning industry are familiar with this beneficial tax break.
Taking advantage of savings
Unfortunately, some business owners weren’t prepared to take advantage of section 179 because of credit blemishes, which prevented them from obtaining financing.
There are far fewer equipment lenders in the business today than there were four years ago, and most of them tightened their credit criteria so much that few qualify.
There were a few lenders, though, that took advantage of the scant finance competition and increased their lending many times over by easing credit requirements.
But still, there were many cleaners, manufacturers, and distributors of equipment who are not able to find these lenders.
It was even worse for a new company that wanted to finance there carpet cleaning machine or pressure washing machine. But, things have changed now. We help many people starting out to get the financing they need and to preserve the money they would have used for buying the machine and use it for their working capital instead.
Get professional help…
The next few years will bring new challenges to the cleaning industry, as carpet care pros determine the best way to finance carpet cleaning equipment financing pressure washing machines while considering ever-changing tax laws.
Cleaners should rely on expert advice from tax professionals.
Before investigating every finance company on the Internet, ask Professional Cleaning Equipment Supplier, whom they recommend — they deal with these companies every day.
They can direct you to financial institutions that specialize in the cleaning and restoration industry; companies that can answer your questions about financing professional carpet cleaning or restoration machine financing and help you obtain the best possible financial instrument.