The Advantages Of Leasing Programs For Business Equipment Needs

Many businesses find that they need to set aside funds for purchasing equipment as they grow. However, it can be difficult to make such allowances, especially in these economic times. Why put the operating budget in the red by taking on extra financing, when it is much more advantageous to secure one of the many leasing programs offered by equipment brokers to get the equipment you need today?

Financing vs. Leasing

For established businesses, those that have been operating successfully for at least two years, getting financing to make equipment purchases can be a difficult prospect to face. With rising interest rates, banks and loan companies can require additional collateral to be signed over in order to secure the loan, or even enforce such loans on a short-term note that will have to be paid off with fees in less time than the business may be able to afford.

Leasing programs, on the other hand, are much more flexible and can be customized to the business’ exact needs. Not all equipment purchases are meant to be for the long term, and may only be needed for a limited amount of time. Financing through loan agencies under these circumstances would be less than efficient, because once the loan is paid, you are still the owner of the equipment, and reselling it once it is no longer needed will not pay back the initial investment. With equipment leasing, you can easily add in clauses that cover the return of unneeded equipment, sometimes at a financial bonus to your business.

Types of Equipment Leasing Available

For those seeking to only gain the use of needed equipment in the short term, there are two programs that can be used to their advantage. The first, known as an operating lease, allows a business to lease needed equipment for the exact length of time that they need it, at an affordable rate. Once it is no longer needed, it can be easily returned back to the leasing agent for a small fee. The second, known as a master lease, allows the business to try out equipment they were thinking of purchasing for a specified period of time, without any transference of ownership. At the end of the initial lease, they have the option to extend that lease, without having to renegotiate.

For those interested in actually purchasing the equipment but do not want to tie up operating capital in commercial financing, the capital lease is probably the best leasing option available. The equipment is purchased through a leasing agreement with affordable monthly payments and at the end of the agreement, one final payment secures the property and transfers ownership rights. However, for the purposes of taxes, the equipment is considered to have already been purchased during that fiscal year and any tax breaks for making such a purchase can be applied, even though the final payment on the equipment may be a year or more away.

A Lease That Actually Pays You Money

For business owners looking to the future, they may have already earmarked equipment that they would like to sell but cannot do so until operations surrounding them have been concluded. This would normally mean taking out a loan in order to finance the startup of the future operation, including purchasing new equipment. With a sale and lease back type of leasing programs, business owners can sell future unwanted equipment to a broker, for a negotiated full purchase price, and then temporarily lease it back at an affordable rate. This gives them the use of the equipment while they need it, plus the cash flow they need to start the new operation. At the end of the term, the broker takes possession of the sold equipment.

Best Small Business Insurance Info: How to Find and Choose the Best Insurance Solution for You

Are you a small business owner? No matter what kind of company you run, you’ll need general liability insurance and maybe some additional coverage depending on the industry you’re involved in. How do you know how and where to apply for the best small business insurance policy?

Read reviews on various insurance companies by other businesses in your industry to learn which ones offer quality solutions. Consider whether or not you want an insurance representative or broker to help you find the right coverages. If you decide to work with a specialist, ask what kind of information he or she will need in order to determine your specific needs. Have all of the documents and information prepared. Small business owners typically need to provide details such as physical location, number of employees (if any), total payroll size, business assets, gross annual sales (if there are any to report), and so forth.

Even if you decide to apply for insurance on your own without the help of a broker, you’ll still need to have this information ready.

Best Small Business Insurance as an Investment

Think of commercial insurance as an investment. It will cost money, but it will protect your business from unexpected expenses such as lawsuits and worker’s compensation. The best small business insurance will also protect you from industry-specific problems. For instance, if you are involved in web design, you don’t want to risk financial losses associated with technological glitches, miscommunication, etc. If you are a small beauty salon owner or barber, you don’t want to risk equipment malfunctioning, allergic reactions to certain chemicals, or someone tripping and falling on your property.

No business, no matter how small, is 100% immune to possible lawsuits. People will sue over literally everything these days, and only the best small business insurance will protect your assets. If you want to stay in business for a long time, and hope for the ability to expand it someday, then you should be prepared to handle any kind of accident. It will be very difficult to survive if you suddenly owe a lot of money in compensation, or find yourself dealing with damage caused to your place of business due to extreme weather. The only real solution is to have good insurance from a reliable company that has a lot of positive reviews.

So, where can you get the best small business insurance online? Check with Hiscox Inc. to see what they have to offer for business owners in your industry. You can either get a quote through the website or call and speak to a licensed agent.

Starting an Aircraft Washing Business

So you love airplanes and you want to start an aircraft washing service? I cannot blame you, as I did the same thing. After cleaning Thousands of aircraft over the years, I have paid for my flight school, first aircraft and then started an aircraft washing franchise as a module of another franchising company I had founded. Named the Aircraft Wash Guys we learned early on what it takes to satisfy aircraft owners, FBOs Fixed Based Operators and Chief Pilots. We always specialized in washing and polishing aircraft. We’ve cleaned thousands of private planes, corporate jets, flying clubs, flight schools and helicopters. My Car Wash Guys company was originally founded over twenty years ago and started as an aircraft washing service.

As you know, aviation people are serious about flying and a clean plane makes flying more fun and enjoyable. Corporate Aviators need you to maintain their positive image. When in the aircraft washing business you will not only wash exteriors of planes, you must also have carpet-cleaning capabilities. Many of our crewmembers are also private pilots and it pays to have pilots as part of your employee team. To learn more about aircraft washing, I have put some additional ideas online to assist you.

We have always kept our prices low and gone for volume, you may wish to do this or charge the going rate. Our rates are at the lower end of the spectrum and this will give you a good starting point on pricing.

Single Engines $20.00-45.00 wash, waxing $60.00-140.00, weekly wash $20.00;

Twin Engines $45.00-90.00 wash, waxing $90.00-240.00, weekly wash $40.00; Corporate Jets $90.00-140.00 wash, waxing $180.00-400.00, weekly wash $80.00;

Helicopters $30.00-100.00 wash, waxing $45.00-180.00, weekly wash $30.00. Carpet Shampooing, Bright Work and Aluminum Polishing, etc. generally we will give the customers free estimates.

You will need to perform these services the customer’s schedule and usually accommodate, immediate services, day or night, evenings and weekends. Customizing your services with the customer’s requirements must become your specialty. You will also need the following things:

Two Million in Liability Insurance

Quiet Machines and Professional Crews in Uniform

Monthly Invoice by “N”-Number

Water Reclamation Device Onboard, EPA Compliant

Truck or Trailer Mounted Unit, Fully Self Contained, Painted Safety Yellow

Owning an Aircraft Washing Service small business can be quite rewarding and although hard work, it can be an extension of your flying hobby. Just think getting paid to wash some of the latest and greatest aircraft and hanging out at the airport all day? And yes, they will even pay you very well for doing just that. Think on this.