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Advantages Of A Construction Equipment Loan
November 5, 2022 jun Strategy Session

With the high cost of construction equipment, it can be advantageous to look at different finance options. Businesses need to make the best decision when purchasing new equipment while still considering the cash flow ramifications.


There are a number of advantages to a construction equipment loan:


Cash flow – they can help with your business cash flow by reducing upfront costs


Speed – once approved you can move quickly to purchase your equipment


No collateral – as the equipment is typically used as the collateral, you don’t need to put anything else down


Tax deductions – you might be eligible for tax deductions on your purchase, equipment depreciation and interest expenses



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