New Year, New Equipment: Make Your Business Successful in 2016

It’s the start of a new year and many businesses are looking at 2016 as a year for growth.  According to Michael Lockwood, the President of TEQlease Capital, “There is volatility in capital markets, and the Fed has made clear it

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will continue to raise interest rates.  However, the economy is also clearly improving.  With interest rates remaining low, business leaders are looking to lock in rates in anticipation of needed capital expenditures.”  This is based on the recent survey conducted by Pepperdine University, which states that almost 75% of small and medium-sized businesses expect to increase their revenue in 2016.  Reflecting this, a large number of companies are planning on pursuing financing as a means to acquire equipment and expand.

If your company is thinking about purchasing equipment to grow your business in 2016, now is the time to purchase.  As evidenced by the December interest rate increase, we are now officially in an economic environment with rising interest rates.  The longer you wait to buy, the more expensive financing becomes.  It is important to lock in your rate before they increase again.

If you are a vendor who sells equipment, now is the time to focus on using financing as a competitive tool.  As evidenced by the Pepperdine University study, businesses are looking to buy equipment in the coming year.  So why not make it easier for them to do so?  If used correctly, financing will increase your sales and your potential customers.

At TEQlease, we provide lease and financing options for all types of equipment.  We can get your business the equipment it needs to succeed or the increase in sales you desire.  Make 2016 a great year!